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Canonicus Capital raises Rs 192 Cr in first close of Rs 500 Cr special situations fund

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Canonicus Capital raises Rs 192 Cr in first close of Rs 500 Cr special situations fund

Canonicus Capital has raised Rs 192 crore in the first close of its Special Situations Fund, against a target corpus of Rs 500 crore.

Launched in 2025, the fund builds on the firm's first fund, through which it raised and deployed Rs 311 crore. With the latest close, Canonicus Capital's cumulative fundraising across its two funds has reached Rs 503 crore.

The firm plans to deploy the capital into select investment opportunities across the National Capital Region (NCR), focusing on situations where disciplined capital allocation, stronger governance and active execution can help unlock value.

Canonicus Capital follows an execution-led investment approach called the 'Canonicus Method', which combines disciplined underwriting, structured capital solutions and active, on-ground engagement throughout the investment lifecycle. The firm is supported by a team of professionals from the Indian School of Business (ISB) and Indian Institutes of Management (IIMs), based in the NCR.

As part of its fundraising efforts, the firm had undertaken international roadshows across the Middle East and Singapore. However, the programme was temporarily paused due to the West Asia conflict. The firm plans to resume its international investor outreach as conditions improve.

Meanwhile, Canonicus Capital has promoted Rajan Gupta to Managing Director. Gupta played a key role in driving the latest fundraise and will continue to lead the firm's fundraising initiatives, investment strategy and execution.

The firm aims to identify such opportunities through structured capital solutions and hands-on engagement while protecting investor capital and pursuing attractive risk-adjusted returns.

Canonicus Capital will continue to raise capital towards its Rs 500 crore target corpus for the Special Situations Fund.


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