NCR investment firm Canonicus Capital raises Rs 192 crore in first close of special situations fund
The fund was launched in 2025 and builds on the firm's first fund, through which it raised and deployed Rs 311 crore.
Canonicus Capital has raised Rs 192 crore in the first close of its Special Situations Fund, against a target corpus of Rs 500 crore.
The fund was launched in 2025 and 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.
Canonicus Capital follows an approach it calls 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 the Indian Institutes of Management (IIMs), based in the NCR.
The firm plans to deploy the capital into select investment opportunities across the National Capital Region (NCR). The focus is on situations where disciplined capital allocation, stronger governance and active execution can help unlock value.
The firm says it aims to identify such opportunities through structured capital solutions and hands-on engagement, while protecting investor capital and pursuing attractive risk-adjusted returns.
As part of its fundraising efforts, Canonicus Capital had undertaken international roadshows across the Middle East and Singapore. The programme was temporarily paused due to the West Asia conflict, and the firm plans to resume its international investor outreach as conditions improve.
The firm has also 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. Canonicus Capital will continue to raise capital towards its Rs 500 crore target corpus for the Special Situations Fund.
