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We research the macro environment and analyse how the sector fits into India’s growth story.
We design well defined exit strategies according to specific, pre-planned parameters for enhancing returns.
We follow an extensive due diligence process before an investment and active portfolio monitoring post investments to manage risks.
We close on a top-down sector selection in line with macros and identify high growth companies within the sector.
We focus on companies with healthy earnings and superior asset quality, and avoid leveraged balance sheets, thus minimizing credit risk.
Our proactive credit monitoring mechanism enables risk mitigation. Our endeavour to generate consistent, risk-adjusted yields is the core value proposition.
Investment Size
EBITDA
Geography
Revenue
"Cr" refers to crore
Launched in 2019, Fund I was a closed-ended Category II AIF that invested INR 1,790 crore, through the Fund and other investors, across 15 investments in sectors such as healthcare & pharmaceuticals, consumer durables, specialty chemicals and industrials. The portfolio construct of the Fund primarily focused on senior secured operating company exposures with regular coupon-bearing investments.
Throughout its tenure, the Fund consistently delivered mid-teen returns while maintaining high credit quality and making regular income distributions to its investors. At maturity, the Fund achieved a Gross IRR of 17.01%, with a Median Investor IRR (pre-tax, post-expenses and carried interest) of 14.28%. The Distributed to Paid-In Capital (DPI) of Fund I was 1.50x, with Total Value to Paid-In (TVPI) at 1.52x.
Fund I’s success, despite challenges such as NBFC crisis and the COVID-19 pandemic, reaffirms our focus on active portfolio management.