India, April 9 -- InCred Alternatives, the alternative investment arm of InCred Capital Financial Services Limited, has announced the final close of its maiden private equity fund, InCred Growth Partners Fund-I (IGPF-I), with commitments exceeding INR 575 Cr.

The fund exceeded its original target size of INR 500 Cr after exercising the greenshoe option, backed by participation from large family offices, ultra-high-net-worth individuals (UHNIs) and high-net-worth individuals (HNIs).

IGPF-I is focused on key investment themes, including consumption, enterprise, technology and financial services.

The fund has already deployed capital in companies such as Manjushree Technopack, Shadowfax, Niva Bupa and Purplle.

Notably, Niva Bupa has been...