Avendus raises INR 584 Cr for Future Leaders Fund II
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Boutique investment banking firm Avendus has announced the first close of its Future Leaders Fund II with an aggregate commitment of INR 584 Cr ($78.5 Mn). The category-II AIF registered fund is targeting to raise INR 750 Cr with a green shoe option of INR 500 Cr. The fund has a five year tenure with an option to extend it by another two years.