Avendus Future Leaders Fund III (FLF III) has announced its first close, securing commitments of INR 850 crore. Building on a successful 7-year track record, FLF III focuses on investing in established and emerging market leaders. Managed by Ritesh Chandra, the fund highlights strong investor trust and demand for late-stage private equity. FLF III aims to raise INR 1,500 crore and plans to invest in sectors like financial services, healthcare, and technology. Avendus Group, founded in 1999, is a prominent financial services firm, providing a range of investment solutions and aiming for consistent, long-term returns.