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Fund Snapshot
| Particulars | Description |
| Category of Fund | Category II Alternative Investment Fund (Close ended) |
| Fund Size | Up to INR 1,000 Crs (Plus Green Shoe of up to INR 1,000 Crs) |
| Term | 5 years from the first close + 2 years |
| Management Fees | 2% p.a. |
| Set-up Fees | Waived |
| Hurdle Rate | 10% (XIRR) |
| Carried Interest | 20% (with catch-up) |
| Auditor | Deloitte |
Distinctive Features of the Bharat Value Fund
Investment Focus: To invest in Indian growth-stage businesses on the verge of significant breakout, joining the J curve trajectory of businesses at an inflection point.
Institutional Backing: Backed by the deep penetration and due diligence of Pantomath Group, the Fund aims to be the first institutional investor in the company.
Active Ownership: Provides an active ownership approach by assisting portfolio companies in strategy formulation, recruitment, business development, corporate governance, and financial advisory.
Exit Strategy: Targets companies that will provide exit through IPO, preferably within 3 years, focusing on value arbitrage without taking long-term risks.
Investment Ticket Size: Preferred investment ticket size is INR 75 Cr, with a unique asset allocation strategy.
WHY CHOOSE BHARAT VALUE FUND?
The investment strategy is centered around identifying the right opportunities in the market landscape. We focus on growth-stage companies with the potential to be IPO-ready within three years, prioritizing those with high-margin scalable business models entrenched in niche markets with substantial entry barriers. Additionally, we seek businesses operating in sectors aligned with the Make in India initiative, consumer goods, trade, and impact investing. Central to the approach is evaluating companies with strong promoter pedigree and a value system ingrained in their operations, while consciously avoiding environmentally irresponsible models. By honing in on these criteria, we aim to position the investments to capitalize on inflection points and unlock significant value for the stakeholders.
Fund Highlights & Structure
Strategic Investment at Break-Out Stage: The fund targets businesses at their break-out stage, positioning itself to capitalize on companies poised for rapid growth and expansion.
Investment in Proven Business Models: Investments are made only in businesses with proven models, ensuring a solid foundation and lower risk for investors.
Growth Support Throughout the Investment Period: The fund provides comprehensive external support, including strategic guidance, recruitment assistance, business development, corporate governance, and financial advisory, to foster growth during the investment period.
Pre-IPO Value Chain Liquid Investment Matrix: The liquid investment matrix is designed to capture the entire value chain of businesses, ensuring liquidity and maximizing value as these companies prepare for their IPOs.
Bharat Value Fund’s unique investment approach centres around identifying growth-stage companies poised for IPO readiness within three years, prioritizing high-margin scalable businesses with strong promoter pedigree and values alignment.
Fund Overview
Bharat Value Fund – Series 2, a Category II AIF, is backed by the Pantomath Group, renowned for its expertise in Mid-Market IPOs, having successfully executed 109 IPOs over the past decade. The fund primarily focuses on investing in high-growth, mid-market businesses with the objective of exiting through an IPO and generating capital appreciation in compliance with applicable regulations. To mitigate downside risk, the scheme adopts an active ownership approach, offering strategic guidance, recruitment support, business development, corporate governance enhancements, and financial advisory services to investee companies.
Bharat Value Fund – Series 2 aims to build a portfolio of pre-IPO-ready companies that meet stringent selection criteria, including a minimum revenue of INR 100 crores and a maximum cap of INR 800 crores, established business models, promoter holdings of at least 85%-90% (ensuring stability), EBITDA/PAT positivity before investment (aligned with DRHP requirements), a sound Debt-to-Equity ratio, and a focus on businesses in Tier 2 and Tier 3 cities. The scheme will invest in securities as permitted under regulatory guidelines.
