Pantomath Group launches Rs 500 cr pre-IPO fund in maiden closed-end series

The fund has garnered 25% of target corpus. Simultaneous to the first closing, the fund has confirmed to have made its first investment as well

Pantomath Group announced the first closing of its pre-IPO fund, India Inflection Opportunity Fund (IIOF), with a  target of raising Rs 500 crore (plus additional green shoe of Rs 250 crore) in its maiden closed-end series.

The fund has garnered 25 per cent of its target corpus. Simultaneous to the first closing, the fund has confirmed to have made its first investment as well, demonstrating the steady opportunity line-up.

IIOF, a category-II alternative investment fund (AIF), aims to harness the opportunity of investing at a pre-IPO stage in Indian growth stage businesses that are on the verge of a big