Avendus Eyes Final Close Of Future Leaders Fund III At ₹1,800 Cr By July-End

Avendus said it is set to mark the final close of its Future Leaders Fund III at around ₹1,800 Cr (about $187 Mn) by the end of July, as the private equity firm looks to step up investments in late-stage businesses. The fund has so far deployed about 30% of its capital and plans to back another five to six companies over the next year, Avendus said in a statement. As part of its latest investment, the fund infused about ₹140 Cr in Parag Parikh Financial Advisory Services (PPFAS) through a second