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VentureX 2

VentureX

About Company

VentureX is dedicated to high-growth opportunities within the SME sector, recognizing unparalleled potential for earnings growth. The company's investment philosophy is firmly grounded in the timeless principle that share prices align with earnings and value creation potential. By combining this approach with a disciplined focus on downside valuation and strong fundamentals, VentureX strives to deliver sustainable and rewarding investment outcomes. VentureX is committed to supporting visionaries at the forefront of India's growth story. As the nation advances toward becoming one of the top three global economies, VentureX identifies resilient, innovative businesses that embody entrepreneurial excellence. Companies such as Waaree Renewable Technologies and Thejo Engineering, which have leveraged SME listings to achieve remarkable success, demonstrate the entrepreneurial drive and adaptability that align with VentureX's values. VentureX prioritizes businesses with a strong execution history, competitive moats, and clear growth trajectories, particularly those bolstered by sectoral tailwinds. Their disciplined approach ensures a balance between mitigating risks and maximizing long-term returns. With a deep appreciation for entrepreneurial stories, VentureX invests not only in numbers but also in the transformative narratives behind them.

Category: AIF, AIF Category I

Fund Snapshot

 

Parameters Details
Name of the Fund/Scheme VentureX Fund I
Proposed Size of the Fund 500 Crоres
Size of the Green Shoe (Optional) 500 Crоres
Tenure of the Fund 4 + 2 Years
First Closing of the fund February 28, 2025
Final Closing of the fund 60 Mоnths Frоm the First Clоsing
Investor Commitment Period or Drawdown Period 10% оf the соmmitment amоunt in every qtr
Exit Distributiоn Waterfall: When a соmpany prоfit is bооked frоm pоrtfоliо соmpanies and needs tо be distributed tо all Cоntributоrs
Sponsor Capital Commitment 2.5% оf the Cоrpus оr 5 Cr. whiсhever is lоwer
Fund Investment Theme SME (Anсhоr Investоr in IPO, Pre-IPO оf
Proposed investment by Sponsor/ Investment Clоse Ended, Lоng-Only Cat-1, Alternative Investment Fund

VentureX Investment Approach

 

  1. What to Buy?

We start by building a strong thesis around a company using our proprietary LMVT framework. This framework  allows us to identify businesses with solid fundamentals, scalable models, and a clear path to long-term value creation.

  1. When to Buy?

Timing is critical, and we strive to enter as early as possible, often at the pre-IPO or IPO stage. This ensures we position ourselves at the beginning of a company’s growth curve, maximizing the potential for returns as the business scales.

  1. When to Exit?

Our exit strategy is guided by clear principles. We step away when growth expectations are not met, when valuations become unreasonably high, or when corporate governance issues arise. These criteria help us preserve capital and maintain discipline in our investment decisions.

Fund Overview

At VentureX we believe that amidst соuntless market theоries, оne truth stands оut сlearly: the share price succeed its earnings and value creation potential. This prinсiple, prоven time and again thrоugh the histоry оf stосk markets, fоrms the fоundatiоn оf оur inveзtment philоsоphy.
Our fосus is оn high-growth small-cap companies in the SME sector, where оppоrtunities fоr earnings grоwth are unparalleled. By соmbining this with a disсiplined apprоaсh tо dоwnside valuatiоn and strоng fundamentals, we aim tо deliver sustainable and rewarding investment оutсоmes.

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Fund Manager

Abhay Agarwal

Serica was founded in 2004. It is a PMS manager registered with SEBI and an adviser to the Piper Serica India Numero Uno Fund, an FPI with Mauritius as its domicile. These two organisations invest stock in Indian businesses.

Before starting Piper Serica, Abhay worked as a Director for JP Morgan’s Private Equity group in Singapore, Hong Kong, and India (1997-2004). He invested in companies in the US, Australia, China, Singapore, Korea, India, and Singapore. He has invested in several businesses, including HDFC Bank, Piramal Glass, Jubilant Foodworks, Nicholas Piramal (acquired by Abbott), Bharat Forge, MTR Foods (acquired by Orkla), Mando Machinery Korea, Marico, and HDFC Securities.

Abhay worked for Citibank India from 1993 until 1997. He led a direct investment programme at the bank that closed many great projects. Sydenham College in Bombay awarded Abhay a B.com degree in 1991, and the Jamnalal Bajaj School of Management awarded him an MBA in 1992. (1993).

Kashyap Javeri

Kashyap Javeri is a Fund Manager with over a decade of expertise in corporate and industry research. He has great knowledge of the stock market and the economy. Prior to joining Emkay Investment Managers, he was an Emkay Institutional Equities ranked BFSI analyst for eight years, and he also worked as a midcap analyst for Sharekhan Ltd. Kashyap provides extensive experience not just of the industrial and service industries, but also of finance and economics.

Frequently Asked Questions

What is VentureX? +

VentureX is a Category I Alternative Investment Fund (AIF) managed by Altport that focuses on investing in SMEs, pre‑IPO and IPO stage companies. Its goal is to back high‑growth firms with disciplined risk control and long‑term value creation.

What is VentureX’s core investment focus? +

The fund invests in SMEs and companies at the pre‑IPO / IPO stage that exhibit (a) strong leadership, (b) a competitive moat, (c) reasonable valuation, and (d) favorable sector tailwinds.

What is the size and tenure of the fund? +

Proposed fund size: ₹500 crores (with an optional green shoe of another ₹500 crores) Fund Tenure: 4 years + 2 years extension Drawdown / commitment period: Investors commit 10% per quarter during the drawdown period

What is the minimum investment? +

To invest in VentureX as an AIF, the minimum commitment is ₹1 crore.

How does VentureX decide when to invest (entry) and when to exit? +

Entry / When to buy: The fund seeks to enter as early as possible (pre‑IPO or at IPO) to capture growth potential. Exit / When to sell: The fund exits when growth expectations aren’t met, valuations become excessive, or governance concerns emerge.

What is the investment process? +

The investment framework is based on four pillars: Leadership, Moat, Valuation / Value Drivers, and Sector Tailwinds. The fund also uses a proprietary “LMVT” framework to evaluate opportunities.

What risks are associated with investment? +

Yes. Investing in SMEs and pre‑IPO companies carries higher risk, including business risk, liquidity risk, valuation risk, and regulatory risk. Past performance is not a guarantee of future results. The landing page includes a disclaimer about these risks.

How are drawdowns / capital calls structured? +

The fund will draw down 10% of each investor’s committed capital every quarter during the commitment period, as and when investment opportunities are identified.

Can the fund tenure be extended? +

The fund aims to balance downside protection with meaningful long-term returns by selecting fundamentally strong companies and adhering to valuation discipline.

Is it safe to invest? +

Like all investments, there are risks — such as changes in market value, company performance, and regulations. Returns are not guaranteed.

Can I exit early? +

Usually, your money stays invested until the fund ends. Early exits are limited and may come with conditions.

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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.

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