ICICI Bank has officially completed the transfer of its private equity, venture capital, and real estate fund management business from ICICI Venture Funds Management Company (IVen) to ICICI Prudential Asset Management Company (IPru AMC). Effective April 1, 2026, IPru AMC has assumed the role of investment manager for a series of identified Alternative Investment Funds (AIFs), ensuring a seamless transition of management rights for investors.
Strategic Business Realignment
Following prior disclosures made on May 9, 2025, and March 2, 2026, ICICI Bank has successfully finalized the transfer of its alternative asset management business. This consolidation involves moving the management of key private equity and real estate portfolios under the umbrella of ICICI Prudential Asset Management Company (IPru AMC), a move designed to centralize and streamline investment management operations.
Impacted Investment Funds
As of April 1, 2026, IPru AMC has formally executed the necessary agreements to provide investment management services for five specific Alternative Investment Funds. The portfolio includes:
- India Advantage Fund S4 I
- India Advantage Fund S5 I
- India Advantage Fund S5 II
- India Real Estate Investment Fund Series 2
- Iven Amplifi Fund
Investors associated with these funds will see IPru AMC serve as the primary investment manager moving forward, following the receipt of all necessary approvals.
Source: BSE
