Pantomath Pi Square files for ₹400-cr alternative fund

Our Bureau Mumbai | Updated on February 19, 2019 Published on February 19, 2019

Pantomath Pi Square Asset Management LLP, the joint venture between Pantomath Group and Pi Square, has filed papers with SEBI to raise ₹400 crore through India Inflection Opportunity Fund, its maiden Category-II alternative investment fund.

It will have a tenure of five years and the minimum investment would be ₹1 crore. The fund targets to attract investment from global and domestic institutions, family offices and high net-worth investors.

It aims to create a platform to source, invest and nurture emerging businesses that are at an inflection point of their growth trajectory, thus partnering with them to establish a sustainable and scalable business model.

The inflection opportunity fund will restrict its investments to 25-30 companies to keep a close watch on growth. It will invest 30 per cent of the corpus each in debt and equity of listed companies while parking the rest in unlisted companies hand-picked by experts. The fund targets to deliver 24 per cent return with quarterly dividend from income earned from debt investment.

The fund has distinguished its investment strategy to invest in pre-IPO, IPO and PIPE (private investment in public equity) opportunities to reap benefits across growth stages.

Mahavir Lunawat, Managing Director, Pantomath Group, said there are many businesses which are at an inflection point but lack appropriate means of finance at crucial stage of their business life cycle.

The fund will handhold them as their growth partner and will aim to benefit investors alongside, he added.

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Published on February 19, 2019
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