A conviction pipeline, not a spray of bets.
We build relationships with growth-stage businesses, including companies that may be preparing for a potential listing, and invest where our assessment of the business is strongest.
Early conviction. Disciplined entry.
Connect early
Engage early with growth-stage businesses, including those that may be on a potential public-market or strategic-growth trajectory, through promoters, bankers and our network.
Disciplined entry
Where appropriate, the Fund seeks to evaluate entry opportunities based on its assessment of company fundamentals, growth prospects, valuation and the prevailing market environment.
Listed flexibility
Up to 49% of the portfolio may be invested in listed equity and debt, providing flexibility to deploy capital across listed and unlisted opportunities, subject to the Fund's investment strategy and applicable regulations.
Where the capital goes.
Broad allocation parameters. The full investment restrictions are set out in the PPM.
≥ 51% unlisted / pre-IPO
Private growth companies — equity, equity-linked and structured credit with collateral or stable cash flows.
≤ 49% listed securities
Listed equity, equity-linked instruments and debt, deployed opportunistically.
≤ 25% per company
Applicable concentration limit on exposure to any single investee company.
Sector & geography agnostic
Overseas exposure up to 25%; no investment in units of other AIFs; no lending or guarantees.
A disciplined investment process.
Sourcing
Promoter, banker and network-led pipeline of growth-stage businesses.
Due Diligence
Independent financial, legal and commercial diligence on every deal.
Structuring
Entry terms, investor rights and governance provisions.
Monitoring
Board engagement and periodic performance review of each holding.
Exit
Potential routes include a listing, strategic sale or market sale. No exit route is assured.
Governance-first. Every proposal passes independent due diligence and the Investment Committee's review before capital is committed, and is monitored against the Fund's stated objectives thereafter.