Private Equity Practice
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 Themes

ICICI 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


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