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.
The investment philosophy is to pursue transactions with a established enterprise that are leaders or potential leaders in their respective markets and where there is a clear proposition for value creation.
Our investment thesis is driven by our focus on the following:
Buyouts
ICICI Venture has been a pioneer in buyout investing
in India. Buyouts continue to form a key focus area
for the firm and its funds. ICICI Venture has developed
the requisite capability to manage these buyouts and
has developed a rich repository of knowledge and experience
through its earlier buyout transactions.
While managing these buyouts, there is a strong involvement
of the investment teams in reorganizing, restructuring
and re-strategising the bought out companies, so that,
by the time of exit, these companies reach newer heights
and generate handsome returns for our investors as
well as for themselves.
Structured transactions
Focused on effective structuring of transactions through innovative use of multiple
investment instruments.
Growth Capital
The Funds managed by ICICI Venture endeavor to provide financial assistance to well
established/existing enterprises with robust business models and healthy balance
sheets through a variety of
investment instruments.
Roll-ups
ICICI Venture is also a pioneer in identifying unique scalable platforms that are ideal for investments in the form of roll-ups. The firm seeks to use its vast experience and resources to effectively structure such transactions and add value to realize significant synergies.
Investment ThemesICICI Venture, through its earlier Funds has invested in private equity across retail, media, IT/ITES, consumer services, consumer goods, textiles, pharmaceuticals, biotech, oil, non-consumer goods etc. The intention is to broad-base the investments across certain focus sectors and pro actively create deals in these sectors.
For the current Fund (IAF Series 3), investment themes have been developed around three macro drivers:
Domestic consumption growth
The India outsourcing advantage in both services and manufacturing
Infrastructure creation and allied services
Private Equity Practice
