ICICI Venture currently manages 3 third party capital funds in its Private Equity practice: India Advantage Fund Series 1, India Advantage Fund Series 2 and India Advantage Fund Series 3, representing an aggregate original corpus of USD 1.45 billion between the 3 funds.The firm is currently investing out of Series 3 which is a diversified, buyout & late stage growth capital Fund, India Advantage Fund Series 3.