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Cinnamon Wealth readies to float debut private credit fund
Mint Hyderabad
|December 20, 2024
Cinnamon Wealth, which is a women-focused asset and wealth management company, is all set to launch its maiden private credit fund, the Women Enterprisers Fund, by January, a top company executive told VCCircle.
The Women Enterprisers Fund will invest in women-led enterprises and will channel capital into India's MSME sector. The investment vehicle will prioritize investments in businesses that are owned, co-owned, or led by women.
"We are targeting a total fund size of ₹500 crore, with a base amount of ₹250 crore and an additional ₹250 crore allocated as a green shoe option," said Vijay Emmanuel, co-founder and CEO of Cinnamon Wealth.
The fund will focus on investments in sectors such as BFSI, consumer discretionary, dairy, fashion, chemicals, and healthcare. "Healthcare, in particular, is a key vertical for us, with strong prospects for growth," said Emmanuel.
This story is from the December 20, 2024 edition of Mint Hyderabad.
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