Navira / Fund Terms
Principal Fund Terms.
A high-level summary. The governing terms are set out in the PPM, Contribution Agreement and other applicable Fund documents.
StructureCategory II AIF · Close-endedSEBI-registered (Reg. No. IN/AIF2/26-27/2232); constituted as a trust; units offered by private placement.
Asset classPrivate Equity & Venture CapitalWith the flexibility to invest in listed securities within the Fund's limits.
Target corpus₹100 CrWith a green-shoe option of a further ₹100 Cr (maximum ₹200 Cr).
Tenure5 yearsFrom initial closing, extendable as set out in the PPM.
Investment strategyGrowth-stage, multi-sectorGrowth-stage businesses, including companies that may be on a potential public-market or strategic-growth trajectory.
Investor eligibilityEligible investors onlyMinimum commitment and investor eligibility are subject to applicable SEBI regulations and the Fund documents.
Fees & Expenses
Management fees, carried interest, expenses and other economic terms are governed by the Private Placement Memorandum, Contribution Agreement and other applicable Fund documents. Applicable terms may vary by class of units.
Distribution Waterfall
Distributions are made in accordance with the Fund's distribution waterfall as set out in the PPM and other applicable Fund documents.
The PPM and other Fund documents shall prevail in the event of any inconsistency with this website.