ICICI Prudential PIPE Fund
ICICI Prudential
Fund profile
About the Fund
A Category III AIF focused predominantly on small cap companies with high growth potential, special situations and businesses transforming through the business cycle. It seeks businesses with a sustainable competitive advantage or moat, and prudent capital allocation with RoE at reasonable valuations and a margin of safety. The fund has a seven-year tenure (1+1).
Source: AIF Fund and Manager Profiles PDF.
Key metrics
Target fund size
₹750 Cr
Minimum investment
₹1 Cr
Unlisted equities
≤10%
Top 5 sectors
47.55%
Top 10 stocks
35.86%
Tenure
7 yrs
Source-verified detail
Key Information
Fund manager
Anand Shah
Investment manager
ICICI Prudential
SEBI category
Category 3
Strategy
Equity
Investment focus
Small Cap
Management fee
2.25%
Green shoe
₹750 Cr
Initial drawdown
20% — Initial + four subsequent drawdowns
Status
Active
Data as of
September 2026
Source: ICICI Prudential PIPE Fund presentation · Data as of September 2026.
Disclosed figures
Market Cap Allocation
Market Cap Allocation
- Large Cap0%
- Mid Cap13.78%
- Small Cap83.58%
- Cash & Cash Equivalent2.64%
Performance, sectors, holdings and market-cap data are of the ICICI Prudential PMS PIPE Strategy (data as on 31 Aug 2026), provided for reference only. They may or may not form part of ICICI Prudential PIPE Fund. Portfolio data relates to the oldest client and may vary across clients.
ICICI Prudential
About the Fund Manager
Anand Shah
CIO – PMS & AIF, ICICI Prudential
Head of Business – Alternate Investments at ICICI Prudential AMC Ltd., brings over two decades of experience across banking, channel distribution and alternative investments. He is responsible for defining and executing strategies to grow the firm’s PMS and AIF business across various asset classes. Prior to his current role, he held senior positions in channel distribution, product communication and banking channel sales. He holds an MBA from NMIMS, Mumbai.
- Experience
- Over two decades
- Qualification
- MBA, NMIMS Mumbai
- Role
- CIO – PMS & AIF
Request / Enquiry