Axis AMC’s Growth Avenues AIF achieves final close of INR 1000 crore

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Axis Asset Management, one of the leading fund houses in India announced the final close for its Growth Avenues AIF after it raised commitments of INR 1000 crore, achieving its intended target within a span of 3 months from its first close thanks to the strong response from investors and partners. The fund has achieved the fund raise target from family offices, HNIs and NRIs. The fund aims to invest in unlisted mid-to-late stage innovative companies with strong long term growth prospects.

Axis Growth Avenues AIF will focus on technology-enabled companies with scalable business models and a favourable risk-return profile. The fund house will target a portfolio size of 8-10 companies with the deal size ranging from INR 100 crore to INR 150 crore each (approx.). The total term of the fund is 5 years from the date of its final closing. Positioned to take advantage of the macro opportunities, the fund focuses on sectors that promise multi-year growth potential.