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Fulcrum Venture India, an angel investment fund, plans to float a third-party private equity (PE) fund with a corpus of Rs 120 crore, which will provide growth capital to companies, a top company official said.
“We are considering to float a third party PE fund that will invest growth capital in companies. The corpus we are looking to raise will be in the range of Rs 60 crore and Rs 120 crore,” Fulcrum’s Founder-Partner Krishna Ramanathan told PTI here.
He also said the company would start talks with potential investors soon and commit around Rs 25 crore to the proposed fund.
Fulcrum Venture, which enters a company at an early stage as part of its angel investment mandate, will also increase its ticket size after it sets up the PE fund.
“As part of angel investment, our ticket size is usually below Rs 5 crore. However, we will invest in the range of Rs 5 crore and Rs 15 crore from the proposed private equity fund,” he said.
Fulcrum Venture, which recently exited Chennai-based real estate developer Casa Grande, made a sound return of Rs 50 crore by offloading its entire stake in the company.
“We are looking at investing in two more companies in the near future. Talks are at an advanced stage,” he said, referring to the company’s forthcoming investments as an angel investor.
He also said that the company may consider exiting some of its earlier investments.
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