SEBI Registered Category III AIFSEBI Cat III AIF|IN/AIF3/25-26/2089
A multi-asset Category III mandate that allocates across public markets, private pre-IPO opportunities, IPO allocations and structured derivative strategies, inside one regulated vehicle.
Each pillar carries its own entry logic, holding period and exit route. Together they smooth the return profile of a multi-asset book.
Pillar 01
Hedged, model-backed positions
Systematic, research-driven derivative strategies built on hedged, model-backed positions. Zero speculative exposure. Every position is reviewed against predefined risk parameters and sectoral caps. The objective is consistent yield enhancement and downside protection.
Pillar 02
6 to 12 months before listing
Access high-conviction businesses 6 to 12 months before public listing, at valuations below broad market discovery. Our framework evaluates fundamentals, promoter track record, sector tailwinds, and IPO readiness before any allocation decision.
Pillar 03
Entry before retail participation
Participate in quality main board and SME IPOs through anchor investor and QIB allocation routes. Entry before retail participation, at pricing based on fundamental merit rather than market sentiment.
Pillar 04
Bottom-up fundamental research
Long-term wealth creation through deep fundamental research. Bottom-up company analysis combined with top-down sector positioning, in a concentrated high-conviction portfolio with active monitoring and structured exit planning.
Every allocation passes through the same six stages, in the same order.
Deep fundamental and sector analysis forms the foundation of every allocation decision.
All opportunities reviewed by the IC for alignment with fund mandate and risk parameters.
Systematic quantification of downside scenarios, correlation risk and liquidity factors.
Position sizing based on conviction, risk-reward dynamics and portfolio construction rules.
Active daily monitoring of positions against entry thesis, NAV, and target price bands.
Multi-stage exit planning through listing gains, strategic sale, and market monetization.
A multi-asset portfolio is only as good as the rules that constrain it. Ours are set at committee level, independently of deal sourcing.
Business model quality, sector tailwinds, financial health and promoter track record are assessed before valuation work begins. Audited financials are a prerequisite, not a preference.
Entry prices are benchmarked against comparable listed peers rather than the last private round, which is where most pre-IPO books get into trouble.
Sectoral exposure caps and single position limits are set by the Investment Committee and apply before capital is committed.
Defined-risk derivative structures run against the equity sleeve. Their role is to cushion drawdowns and generate yield while primary positions mature.
Unlisted holdings are valued in line with SEBI AIF requirements, with independent valuation of positions that have no observable market price.
Investors receive regular statements covering NAV, portfolio attribution and transaction summaries, including the positions that did not work.
The complete commercial structure, published rather than held back for a closing conversation.
Alignment of interest
Performance carry is earned only after investors cross the 12.5% per annum hurdle rate. Below that level the manager receives the 2.5% management fee and no carry.
All figures per SEBI registration. Subject to change per PPM.
We would rather you self select out now than be disappointed later.
A good fit if you
Not a fit if you
The fund is open to resident Indian HNIs, family offices, corporate treasuries, institutions and eligible NRIs who meet the minimum investment threshold of ₹1 crore. Under SEBI AIF Regulations you should be able to bear the risk of loss of capital and should not require liquidity from this allocation.
Performance carry is earned only on returns above a 12.5% per annum hurdle. Below that level the manager receives the 2.5% management fee and no carry. Above it, the split on the excess is 20% to the manager and 80% to investors.
The fund is open ended with a 1-year hard lock-in. Exits are planned across multiple stages through listing gains, strategic sale and market monetization.
No. Investments in Alternative Investment Funds involve significant risk, including the possible loss of principal. Past performance does not guarantee future results and no return is assured.
Valuation follows SEBI AIF requirements, including independent valuation of unlisted holdings. Investors receive regular communication covering NAV, portfolio attribution, transaction summaries and direct access to the investment team.
Sectoral exposure caps and position limits are set by the Investment Committee before capital is committed, and the derivative sleeve is run as a hedge against the equity book rather than as a directional bet.
You will receive the investor deck, fee schedule and current portfolio note, plus a slot to speak with the investment team.
Investments in Alternative Investment Funds involve significant risk, including the possible loss of principal. Past performance does not guarantee future results. This communication is intended solely for sophisticated investors as defined under the SEBI (Alternative Investment Funds) Regulations, 2012. Minimum investment thresholds apply. This is not an offer or solicitation to buy or sell securities. Please read the Private Placement Memorandum carefully before investing.
Minimum investment ₹1 Crore. Takes about a minute.