Ambit GPC, which has a presence in India’s private markets, has deployed Rs 6,765 crore across private market transactions over the past five years. These investments are currently tracking a value of approximately Rs 22,000 crore, translating into a reported internal rate of return (IRR) of 58% and a multiple of invested capital (MOIC) of 3.23x, the firm said in a press release.
On the back of this track record, Ambit GPC was given an exclusive mandate by the Poonawalla family in 2023 to launch Poonawalla Vision Fund I under a Category II Alternative Investment Fund structure. The fund was initially seeded with Rs 500 crore, which was invested across eight category-leading businesses. Since its inception, this initial portfolio has delivered an IRR of over 40%.
Encouraged by the fund’s early performance, PVF I was opened to external investors in the fourth quarter of 2025. The fundraising process concluded within three weeks, with the fund attracting commitments from a mix of global and domestic institutions, family offices and ultra-high-net-worth investors. The fund closed at its pre-determined cap of around Rs 1,000 crore.
The fund follows a private markets strategy focused on mid- to late-stage, institutionally backed, and profitable companies. Its investment universe spans BFSI, consumer, and business services, with flexibility to invest across IPOs, pre-IPOs, QIPs, and select listed opportunities. The approach emphasises partnering with category leaders that demonstrate strong fundamentals and clear pathways to long-term value creation.
Commenting on the fund close, Amrita Farmahan, chief executive officer of Ambit GPC, said the pace and quality of the fundraising reflected investor confidence in the firm’s investment philosophy, sourcing capabilities, and execution discipline. She added that the oversubscription underscored the opportunity set in India’s private markets for research-driven and disciplined investing.
While the fund’s close marks a key milestone, Ambit GPC said PVF I is entering the next phase of deployment. The firm plans to continue building the portfolio by backing high-growth companies, drawing on its sectoral expertise and long-standing relationships across India’s private markets ecosystem, to support the next generation of market leaders.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. They do not represent the views of The Economic Times)