Equirus Partners Srinath Srinivasan to Launch Rs 1,500 Cr Mid-Market PE Fund

Equirus, a Mumbai-based financial services firm, is set to raise Rs 1,500 crore through a new late-stage private equity fund focused on mid-market growth investments in digitally led, AI-savvy sectors including consumer, financial services, industrial, and healthcare. The company has partnered with Srinath Srinivasan, a private equity veteran with over 35 years of experience, including his tenure as CEO of Oman India Joint Investment Fund (OIJIF) managing $330 million across two funds. Srinivasan will lead Equirus Alternatives and join the board of Equirus Wealth, which currently manages Rs 35,000 crore in assets, to strengthen the firm's asset and wealth management capabilities. The fund will target significant minority stakes and aims to accelerate value creation through strategic partnerships. Srinivasan's successful track record includes 19 investments with 17 exits or listings, and five IPOs between 2019 and 2024. Equirus Managing Director Ajit Deshmukh highlighted Srinivasan's leadership as key to scaling the new private equity platform and enhancing strategic depth at Equirus Wealth.