044-28569853/849044-28510040
A 6-year close-ended Category II Alternative Investment Fund (AIF), it will invest in high yielding debentures and mezzanine securities (including equity warrants) of MSME, SME, Fintech, Manufacturing, and Services companies in the non-real estate sector.
The Fund shall focus on structured credit needs of small and mid-sized corporates
Operating Company Needs: Term Debt Refinance, Working Capital Term Loan, Growth Financing
Sponsor Support Needs: Private Equity Exits, Acquisition Finance, Equity Infusion
Event Finance: Bridge to IPO/ Business Liquidity Events, Last-mile Financing
Estimated Cash Cover: at least 1.5x the invested value from operations and other identifiable sources
Estimated Hard Asset Cover: target 2x; at least 1.5x the invested value
Predominantly South India - Tamil Nadu, Karnataka, Telangana, Kerala, Andhra Pradesh, Telangana
Opportunistic investments in Maharashtra and Gujarat
Ticket Size: ~INR 0.30 - 0.60 Bn
Listed/ Unlisted investments in Non-Convertible Debentures
Single company exposure: Expected to be ~10-15%
Secured assets
Returns by way of coupons and redemption premium
Exits via:
Repayment from operating cash flows over tenor of 4-5 years
Upside exits via prepayments
Secondary sale to other interested parties
Disclaimer: Investments in AIF are subject to various risks viz. market risk, credit risk, investment risk, etc. and subject to various forces and factors for which the AMC has no control. This is for information purposes only and not a complete disclosure of every material fact, and terms and conditions. It does not constitute a prospectus or information memorandum or an offer to buy any securities or other investments. Please read the fund documents carefully before investing.
Message