Special Situations Fund first close · Business services
Canonicus reaches ₹192 crore first close for its Special Situations Fund
The fund is targeting ₹500 crore for structured investment opportunities in India’s National Capital Region.
Canonicus Capital has raised ₹192 crore at the first close of its Special Situations Fund, which has a target corpus of ₹500 crore. Fundraising will continue towards that target.
Launched in 2025, the fund focuses on opportunities in the National Capital Region where structured capital, stronger governance and hands-on execution can help unlock value.
The vehicle follows a first fund that raised and deployed ₹311 crore. Canonicus has also promoted Rajan Gupta to managing director, with responsibility for fundraising, investment strategy and execution.
Use of funds
Structured investments and active execution in the National Capital Region
Funding history
Special Situations Fund first close · This round₹1.9B