Amicus Capital Partners Private Equity I

South Asia Communications and IT Services

Amicus Capital Partners (ACP) is a Bangalore-based private equity firm focused on mid-market investments.

Amicus Capital Partners Fund I, which was launched in March 2015, is an Indian-focused fund, targeting investments in small businesses.

This is ACP’s maiden fund.

Our investment

In December 2016, CDC invested $25 million into Amicus Capital Partners Fund I. The fund manager is building a portfolio of between 10 to 12 companies, and has raised a total fund size of $79 million. The fund will make investments of $8 million to $20 million, including co-investments. Our investment supports start-up firms in key sectors in the Indian market.

Expected impact

Start-up companies and entrepreneurs in India's healthcare, technology, consumer and financial services sectors have struggled to access working capital to scale up, once their business model has been proven.

By investing in these sectors, the fund manager aims to develop a business ecosystem and support sustainable development for investee companies, including helping them to maximise their use of technology.

Our investment will also attract other potential investors to the first-time fund.

In October 2017, the fund made an investment in online insurance aggregator, RenewBuy.

Environmental and social aspects

We work closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS).

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services
Website:
http://www.amicuscp.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Amicus Capital Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2016
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$25m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
D2C Consulting Services India South Asia Communications and IT Services October 2017 Active