Before Fund III’s final close, Avendus Future Leaders Fund invests Rs 140 Cr in PPFAS

Through a secondary transaction, Avendus Future Leaders Fund (FLF) III has contributed around Rs 140 crore to Parag Parikh Financial Advisory Services (PPFAS).

Neil Parag Parikh, the chairman and CEO of PPFAS, and Khushboo Joshi, the company’s president of wealth management, provided promoter shares for the investment.

PPFAS was established in 1992 and is involved in GIFT City funds, mutual funds, wealth management, private equity, and the National Pension System (NPS). As of June 2026, its main product, the Parag Parikh Flexi Cap Fund, was managing assets valued at around Rs 1.43 lakh crore.

Avendus claims that the investment fits with its approach of supporting well-established companies with potential for long-term growth. According to the company, PPFAS’s assets under administration have grown at a compound annual growth rate (CAGR) of about 70% over the past five years.

By the end of July, Avendus Future Leaders Fund III is anticipated to reach its full close at about Rs 1,800 crore thanks to this transaction. The firm intends to make five to six further investments over the course of the next year, with a current deployment of about 30%.

Avendus Future Leaders Fund invests in late-stage businesses across industries and oversees assets totaling more than Rs 4,000 crore.