About Company
Amicus India Capital Partners LLP
Amicus India Capital Partners LLP functions as the authorized corporate asset manager and investment advisory firm driving the deployment pipelines of the Amicus private equity funds. Operating out of Bangalore, the partnership manages an aggregate alternative asset base crossing USD 330 Million across its core fund vehicles. The firm integrates extensive multi-sector research, over a century of combined private equity execution experience, and comprehensive corporate finance expertise to locate, underwrite, and scale institutional-grade investment portfolios for sophisticated allocators.
Fund Snapshot
| Parameter | Details |
| Fund Name | Amicus Capital Partners India Fund II |
| Fund Category | Category II Alternative Investment Fund (AIF) |
| SEBI Registration Number | IN/AIF2/22-23/1052 |
| Investment Manager | Amicus India Capital Partners LLP |
| Final Close Corpus | ~$214 Million (₹1,766 Crore) |
| Key Institutional LPs | National Investment and Infrastructure Fund (NIIF), European Investment Bank (EIB), US DFC |
| Target Check Size | $12 Million to $35 Million per company |
| Registered Address | Rocklines House, 3rd Floor, 9/1 Museum Road, Bangalore - 560001 |
Fund Purpose
The Amicus Capital Partners India Fund II was established as a Category II Alternative Investment Fund to build on the early-growth private equity strategy of its maiden vehicle. The fund targets mid-market Indian enterprises that are either digital-first in their architecture or actively digitizing their traditional value chains. By infusing Series B and Series C growth capital into asset-light, capital-efficient businesses, the vehicle focuses on scaling regional players into sector leaders while expanding institutional access to underserved consumer groups and secondary or tertiary cities across India.
Fund Philosophy
Early-Growth and Scale Strategy
The fund deploys capital strictly after a company's core business model has been fundamentally proven and validated. It avoids early venture speculation, step-entering during the vital scaling phase where institutional execution and structured capital can accelerate market share expansion.
Digitalization and Market Access Themes
A central thesis of the portfolio logic is identifying businesses that use technology as a core operational leverage. The fund backs enterprises leveraging digital platforms to increase product affordability, streamline supply logistics, and deepen market penetration in non-metropolitan regions.
High Capital Efficiency Vetting
Every investment candidate is screened for baseline profitability trends and low asset-heavy friction. The philosophy mandates that portfolio entities must possess strong unit economics capable of compounding returns organically without requiring continuous, dilutive primary funding rounds.
Active Multi-Sector Governance
The management approach integrates deep operational partnership rather than passive capital allocation. The fund implements comprehensive corporate internal controls, updates institutional ESG parameters, and assists founders with strategic structural developments, organizational hiring, and inorganic M&A pipelines.
Geographic Inclusivity Focus
The underwriting framework deliberately seeks out and nurtures entrepreneurial ecosystems outside the tier-one hubs of Mumbai, Bengaluru, and Delhi. By funding scalable mid-market platforms in secondary and tertiary markets, it captures grassroots consumption shifts and formalization trends.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Sunil Theckath Vasudevan
Mr. Sunil Theckath Vasudevan is a veteran private equity investment professional and co-founder who steers macro portfolio strategies, investment committee underwriting, and corporate advisory operations at Amicus India Capital Partners LLP. Bringing decades of senior institutional investing history and execution experience within Indian financial, industrial, and consumer markets, he directly oversees the firm’s regulatory compliance frameworks, investor relations, and capital deployment pacing to engineer consistent, risk-mitigated value across the platform's flagship funds.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The second fund operates as a legally registered Category II Alternative Investment Fund (AIF) under the Securities and Exchange Board of India identifier IN/AIF2/22-23/1052.
Exceeding its initial baseline target of $200 Million, Fund II achieved its final close at approximately $214 Million (₹1,766 Crore) from a diversified group of sovereign wealth funds, development institutions, and large family offices.
The initial deployments from the second fund include key growth-stage stakes in companies such as Aequs (specialty manufacturing), Equirus Capital (financial services), Manipal Payments & Identity, and SFO Technologies.
The investment framework allocates capital across five core spaces: Financial Services, Consumer Products & Services, Healthcare & Pharma, Technology & Business Services, and Specialty Manufacturing.
All regulatory filings, compliance protocols, and investor grievance tracks for Fund II are overseen directly by Abhijeeth Naik from the firm's Bangalore headquarters.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.