ICICI Prudential Special Opportunities Fund
ICICI Prudential
Fund profile
About the Fund
A close-ended Category II AIF investing across private and public markets. The universe includes late-stage private companies, pre-IPO opportunities, PE secondaries, structured equity and listed companies below ₹30,000 Cr market cap, including through PIPEs, block deals and QIPs. It plans a concentrated portfolio of 13–17 investments held for an average of four to six years.
Source: AIF Fund and Manager Profiles PDF.
Key metrics
Target size
₹4,000 Cr
Minimum investment
₹1 Cr
Hurdle rate
10% p.a. pre-tax
Target gross IRR
~20%+
Expected MOIC
~2.5x–3x
Tenure
7 yrs
Source-verified detail
Key Information
Fund manager
Sharzad Sethna
Investment manager
ICICI Prudential
SEBI category
Category 2
Strategy
Special Opportunities
Portfolio size
13–17 investments
Management fee
2%
Commitment period
42 months
AMC commitment
₹5 Cr or 2.5%
Status
Active
Data as of
September 2026
Source: ICICI Prudential Special Opportunities Fund presentation / Key Terms · Data as of September 2026.
Disclosed figures
Investment and Distribution Timeline
Source: ICICI Prudential Special Opportunities Fund presentation / Key Terms · Data as of September 2026.
ICICI Prudential
About the Fund Manager
Sharzad Sethna
Head Business – Alternate Investments, ICICI Prudential AMC
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
- Expertise
- Banking, distribution and alternate investments
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