Poonawalla Vision Fund I has successfully closed at Rs 1,000 crore, exceeding its target after opening for external participation in the October-December period. The fund, managed by Ambit Global Private Client (GPC), was oversubscribed within three weeks. Initial deployments of Rs 500 crore into eight companies yielded a 40% internal rate of return, attracting global and domestic institutions, family offices, and ultra-high-net-worth individuals. The fund focuses on mid-to-late-stage profitable companies in BFSI, consumer, and business services sectors.