On December 31, TVS Capital Funds successfully closed its extended fundraise TVS Shriram Growth Fund 3, having an overall Assets under management (AUM) of ₹1,550-crore blind pool, and a potential co-investment pool consisting of approx. ₹450 crores, thus totaling the AUM for the fund at ₹2,000 crores.

It's happening for the first time in India that a fund of this size has been raised as a purely rupee-capital fund, thus dispelling the myth about India being unable to raise large pools of capital. Almost 45% of the corpus comes from 35 leading family offices providing an individual contribution of ₹10 crores excluding sponsors. Around 22% is from DFIs and Insurance companies such as NABARD and SIDBI. 26% comes from UHNIs, which includes several professionals in various fields like ‘Friends of the Fund’, and the remaining 7% contribution coming from sponsors like TVS & Shriram Groups.

This fund, according to Gopal Srinivasan, Founder, TVS Capital Funds, combines the advantages of three sets of investor groups discipline brought in by institutional investors. Legacy and value from family offices. Sophistication, and proficiency from ‘Friends of the Fund’, who help sharpen the understanding in underwriting.