India, May 7 -- InCred Alternative Investments, the alternative asset management unit of InCred Capital, has marked the first close of its maiden private equity fund.

Launched late last year, InCred Growth Partners Fund - I (IGPF - I) has garnered capital commitments of over INR 330 Cr in the first close, with a target of final close at INR 500 Cr.

The fund aims to invest in growth and late-stage companies across consumer, financial services and enterprise or technology sectors with an average ticket size of INR 40-80 Cr.

The fundraising saw support from large HNI/UHNI investors. The fund is led by Vivek Singla, managing partner and CIO of Private Equity.

"The successful first close of IGPF - I is a testament to our strong track recor...