Services · Alternative Investment Funds
The growth story begins
before the ticker.
The listed market shows you a company after the world has priced it. The journey from an idea to an IPO happens somewhere else entirely, and for decades, that somewhere belonged to a closed circle.
The access shift
What was a privilege is now a framework.
Then
A closed circle
Venture capital and private equity firms in Singapore, the US and a handful of financial capitals. Entry by invitation, network, or neither.
Now
A regulated structure
A SEBI-scrutinised fund structure through which qualifying Indian investors participate in the same unlisted journey. Categorised, audited, accounted.
The real growth story
India's next chapter is being written unlisted.
New-age companies
Businesses born digital, scaling at a pace listed markets only meet after the story is priced in.
Startups
From idea to IPO in under a decade. The journey from first believer to public listing happens entirely off the ticker.
Legacy, transformed
Established businesses being digitally rebuilt by the next generation taking charge.
One structure · Three categories
Every stage of conviction has a category.
SEBI classifies every AIF into one of three categories, by where it invests and how.
The Earliest Believers
Venture capital, angel funds, SME and social ventures.
Funds that back companies at the idea and early stage: startups, SMEs, infrastructure and social ventures. The stage where conviction matters most.
VC Funds · Angel Funds · SME Funds · Infrastructure Funds
The Growth Engine
Private equity and private credit. The largest category.
Funds investing in growth-stage private companies and structured private debt. Where most of India's unlisted capital actually flows.
PE Funds · Private Credit · Real Estate Funds
The Strategists
Long-short and complex listed-market strategies.
Funds applying hedge-style strategies to listed markets: long, short, and arbitrage. Positioned to act in both directions.
Long-Short Funds · Hedge Strategies · Arbitrage
The scrutiny stack
Every layer is mandated. None of it is optional.
Unlisted does not mean unwatched. Before an AIF acquires a single company, a chain of independent institutions stands between conviction and capital.
SEBI registration
Every AIF operates under SEBI's AIF Regulations. Registered, categorised, monitored.
Internal research & due diligence
Dedicated research teams run a strict due diligence framework before a single company is acquired.
Big 4 audit
Books audited by the world's most scrutinous accounting firms.
Independent custodian
Assets held by a SEBI-registered custodian, separate from the fund manager.
Registrar & transfer agent
Every unit, every investor, every transaction accounted as per SEBI guidelines.
Where it fits
Allocated to your portfolio. Not sold to it.
An AIF is not a product we hand over. For our HNI and UHNI clients, we gauge risk appetite and liquidity first, then dynamically size the allocation inside the whole portfolio. The fund earns its place, or it doesn't enter.
Start with your risk profileSkin in the game
We invest in the same funds, alongside you.
Being alongside our investors is not a tagline; it is where our own capital sits. We and our investors have been early participants in companies the country now knows by name.
Household names today. We were in when these were just conviction, through the network of PE and VC relationships built over decades.
₹1 Crore
Minimum investment
SEBI-mandated floor for AIF investors, across all three categories.
Tenure-led
Built for patient capital
CAT I and II funds run fixed tenures aligned to the unlisted journey. Taxation varies by category and structure; we walk you through it.
Does the unlisted story belong in your portfolio?
The honest answer depends on your liquidity, horizon and appetite. That conversation is exactly what we are here for.