\t\t\t\t\t\tSUMMARY<\/p>\n
The fund has a corpus of \u20b9500 Cr, with a base target of \u20b9250 Cr and a \u20b9250 Cr greenshoe option<\/p>\n
It will back SMEs operating sectors like aerospace and defense, industrial automation, healthcare and life sciences, agritech and food processing, and a few others<\/p>\n
Himalaya Wealth Managers LLP is led by Mehta, Manohar Lal Vij, Asit C. Mehta and Jatin Tehri and is yet to commence operations<\/p>\n
Himalaya Wealth Managers LLP has announced the launch of a new SEBI-registered Category I alternative investment fund (AIF), Himalaya SME Scheme-I, to invest in high-growth small and medium enterprises (SMEs) across India.<\/p>\n
The fund has a corpus of \u20b9500 Cr, with a base target of \u20b9250 Cr and a \u20b9250 Cr greenshoe option.\u00a0<\/p>\n
The investor will be looking to back SMEs operating in frontier technologies segments like aerospace and defense, industrial automation, healthcare and life sciences, agritech and food processing, electronics and semiconductors, renewable energy and EVs.<\/p>\n
Himalaya Wealth Managers will target a gross IRR of 20%+, driven by disciplined investing, structured transactions, and active value creation, the firm said in a statement. It will be focusing on SMEs operating at a growth-stage with \u201cproven business models\u201d.<\/p>\n
\u201cThrough Himalaya SME Scheme-I, we aim to address this gap by partnering with niche market leaders that demonstrate strong cashflow visibility, high switching costs, and durable competitive moats\u2026 The fund is positioned to partner with high-quality businesses and help them transition into institutionally governed, high-growth enterprises,\u201d Deena Mehta, general partner and investment director of Himalaya Wealth Management Fund said.<\/p>\n
Himalaya Wealth Managers LLP is led by Mehta, Manohar Lal Vij, Asit C. Mehta and Jatin Tehri and is yet to commence operations.\u00a0<\/p>\n