Avigo SME Fund I was a Cd$ 14 million fund, intended as a ‘Proof of concept’ for private equity investment in the SME companies. The Fund was launched in 2004 and made 5 investments in the Indian SME space across diverse sectors which include Engineering, Manufacturing, Pharmaceutical and Electronics. The Fund was fully invested in 2005. The investors in the Fund were prominent business houses and family offices from UK, Europe, Canada, Dubai and Hong Kong.

Avigo SME Fund II a Growth Capital & Buyout SME Fund focused on Small & Medium Enterprises in India was launched in 2006. The Fund size was USD 125 million, invested in pre-dominantly growth stage companies in diverse sectors including Engineering & Manufacturing, Energy & Infrastructure, Industrial Services, Consumer Demand Driven Businesses and other Emerging sectors. The Fund focused on SMEs with established operations with a successful track record, which were seeking growth capital towards capacity expansion, market acquisition or geographical expansion. The Investors in the Fund include prominent International and Indian Institutions.

Avigo SME Fund III is the latest USD 240 million Fund raised by Avigo, with a continued emphasis on the Industrial SME space. Avigo endeavors to leverage on the experience gained in the previous funds and continue with its differentiated strategy in Fund III. It will continue to do ‘more-of-the-same’ to add substantial value to its portfolio SMEs and bring superior returns to its investors. Avigo had the final close at USD 240 million during June 2010.