Anicut Capital (credit)
Anicut Capital is an India-focused multi-asset manager whose private-credit franchise provides mezzanine and structured debt to profitable middle-market companies. It began private credit in 2016 and has since built a broader debt-and-equity platform, with public fund registrations and portfolio evidence available on the manager’s site.
At a glance
- Founded
- 2016
- Footprint
- Chennai
- Stage
- Private credit (SME/promoter)
Research profile
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Investment lens
Anicut Capital (credit) uses a private credit (sme/promoter) approach across Mezzanine debt, structured credit, growth capital.
Current evidence
Anicut Capital completed the final close of Grand Anicut Fund IV at ₹1,275 crore in December 2025, with the vehicle focused on consumer, SaaS, manufacturing and engineering-services opportunities. The manager’s current private-credit portfolio page attributes named positions including Cremica, Waycool Brandsnext, Resulticks, M2P Fintech, TAO Digital and ToneTag to the credit capability.
Strategy
Private credit (SME/promoter)
Sector focus
Mezzanine debt, structured credit, growth capital
Current signal
Anicut Capital completed the final close of Grand Anicut Fund IV at ₹1,275 crore in December 2025, with the vehicle focused on consumer, SaaS, manufacturing and engineering-services opportunities. The manager’s current private-credit portfolio page attributes named positions including Cremica, Waycool Brandsnext, Resulticks, M2P Fintech, TAO Digital and ToneTag to the credit capability.
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