HNI & Family Office Desk

AIF & Managed Portfolio

Curated alternative investment funds across performing credit, private equity, real estate and long-short strategies — for eligible sophisticated investors. Minimum investment ₹1 crore as per SEBI.

AIF Category II · Performing Credit

Fixed-income alternative strategies

Debt-oriented AIFs targeting predictable distributions with defined tenures. Returns are indicative and not guaranteed.

Performing Credit · Cat II AIF

ESOF IV

Flagship performing credit fund of EAAA Alternative Platform. Pioneers in Performing Credit Strategy — backed by strong performance of ESOF Sr I, II & III.

Issue Size

₹200 + ₹200 Cr

Track Record

15 years (since 2010)

Avg. Holding

~3.5 years

Platform

EAAA Alternative Platform

Strategy Performance

Fund Raise: ~₹10,700 Cr

Total Investments: 42

Gross IRR: ~18.2%

Investments: ~₹10,800 Cr

Realizations: ~₹10,000 Cr

Total Exits: 32

Performing Credit · Cat II AIFIn Focus

Lighthouse Canton Growth Debt Fund II

Gives debt to top VC-backed growth stage companies in India that are operationally profitable or nearing profitability.

Fund Size

₹800 Cr

Target Portfolio

50+ companies

Current DDN

10%

Target MOIC

1.6x

Target IRR

20–22% (17–18% debt + 3–4% equity upside)

Distribution

13–14% p.a. quarterly

Fund Tenure

6 years (1+1)

Avg Holding

~3.5 years

Update on Series I

Fund Size (Sr. I): ₹500 Cr

Portfolio Cos.: 48

Exits: 9

Distribution Yield: 13.20%

Quarterly Distributions: 11

Pre-Tax IRR: ~15% (Realised + Unrealised)

Quarterly Distribution History (Sr. I)

Mar-23

Jun-23

Sep-23

Dec-23

Mar-24

3.10%

Jun-24

3.20%

Sep-24

3.10%

Dec-24

3.60%

Mar-25

3.60%

Jun-25

3.40%

Sep-25

3.40%

Performing Credit · Cat II AIF

Mosaic Multi Yield Fund SR.1

Established performing credit fund with strong distribution track record.

Mosaic Multi Yield Fund SR.II

Second series targeting same performing credit strategy with short effective risk duration and quarterly distributions.

Target IRR

~16%+

Fund Size

₹1,500 Cr + ₹1,500 Cr

Quarterly Coupon

10–12%

Risk Duration

Short effective duration

Drawdown schedule: 10% Upfront | Sep: 30% | Dec: 30% | Mar: 30%

AIF Category II · Private Equity & Venture

Growth equity & pre-IPO strategies

Long-horizon capital appreciation funds. High risk, high potential. Suitable only for investors with a 5–10 year horizon and minimum ₹1 crore.

Cat II AIF · Digital / VentureIn Focus

Nippon India Digital Innovation (NIDI) Fund 2A

Rich pool of winners from NIDI Sr.1 portfolio — winners shortlisted for Sr.2A. 1st investment done. 50% of original issue size committed by Japanese investors.

Target MOIC

4x (Fund Level)

Tenure (Remaining)

7.5 years

Min. Commitment

₹1 Crore

Current DDN

28%

Strategy Performance

NIDI Sr.1 IRR: 21.70%

Cat II AIF · Private EquityIn Focus

Oister ACE III

ACE III — The "Glass-Box" Portfolio. Transparent, concentrated private equity strategy.

Target IRR

26–30% Gross

Fund Size

₹250 Cr + ₹250 Cr (Green Shoe)

Drawdown schedule: 25% upfront · 25% by 15 June · 25% by 14 Aug · 25% by 30 Sep 2026

Cat II AIF · Growth Equity

Edelweiss Discovery Fund SR.II

Backed by strong performance from Discovery Series I. Concentrated growth equity portfolio.

Tenure

8 years (1+1)

Avg Holding

4–5 years

Target MOIC

3–4x

Target IRR

25–30%

Min. Commitment

₹1.5 Crore

Current DDN

10%

Taxation

Mostly Long-Term Capital Gain

Discovery Sr. I Performance

Fund Level IRR: ~26%

NAV Growth: 10 → 17.9 (Sep-22 to Sep-25)

Target MOIC: 3–4x

TPVI: ~1.4x

Fund Size: ~₹710 Cr

Deployment: ~₹535 Cr

Cat II AIF · Late-Stage PE / Pre-IPO

Value Quest S.C.A.L.E. Fund SR II

Backed by strong performance from Series I. Top-quartile fund per CRISIL Report.

Segment

Late-stage PE / Pre-IPO

Current Investments

Jupitor International — ₹225 CrNafffa Innovations — ₹175 Cr

Sr. I Performance

Portfolio Deployed: 83%

Overall MOIC: 1.7x (in ~2.5 years)

Gross IRR: 42% (as on 11-Sep)

NAV (June-25): 168–175 (depending on unit class)

Cat II Private Equity AIF

Value Quest Tristar Fund

Strong pedigree of ValueQuest AMC. Focused on India's manufacturing and defence renaissance.

Sector Focus

Aerospace · Defence · Precision Engg · Energy Transition · Mfg.

Min. Investment

₹1 Crore

Fund Size

₹1,300 Cr (₹1,000 Cr + ₹300 Cr greenshoe)

Fund Tenure

8 years (+1+1) from first close

Target MOIC

3.5x – 4x

Segment

Mid-stage to Growth-stage PE

Current Investments

Rangsons Aerospace — ₹100 Cr (Aerospace)Waree Energy Storage Solution — ₹125 Cr (Energy Transition)Hi-Q Electronics Pvt Ltd — ₹175 Cr (Aerospace Defence)

AIF Category II · Real Estate

Prime commercial real estate

Capital appreciation through prime office space across top Indian micro-markets. Returns are indicative.

Cat II AIF · Real Estate

Prime Offices Fund

Capitalises on capital appreciation in prime office space across prioritised micro-markets in Bengaluru, Mumbai, Pune, NCR, Chennai, Hyderabad.

Target IRR

~20%+

Target MOIC

~2x

Tenure

6 years (+1+1)

Min. Commitment

₹1 Crore

Current Investments

Prius Platinum Saket, New Delhi — Target IRR ~22%One Paramount, Chennai — Target IRR ~21%TenSteps, Pune

AIF Category III · Long-Only Equity

Market-linked equity strategies

Cat III AIFs use long-only or long-short equity positions. Past returns are not indicative of future performance. Data as on 1 May 2026.

AIF Category IIIIn Focus

Carnelian Bharat Amritkaal Fund – 2

Investment Thesis

Betting on Viksit Bharat story

Mega Trends

Banking & Financial Services · Manufacturing · Services Exports · Consumption · Infra

Fund Type

Long only, flexicap, sector agnostic

Portfolio

~30 stocks benchmarked to BSE 500 TRI

Inception Date

15 April 2025

Fund Returns

10.5%

-1.3%

-5.8%

Benchmark (S&P BSE 500 TRI)

10.4%

-1.9%

-4.6%

*Data as on 1st May 2026. Past performance is not indicative of future results. Returns are indicative and not guaranteed.

AIF Category III

Swyom India Alpha Fund

Investment Thesis

Consumption boom as Per Capita Income increases

Mega Trends

Rising Consumption

Fund Type

Flexicap, Sector agnostic

Portfolio

40–60% listed equity · 10–30% Opportunistic bets on corporate action · 0–30% unlisted equity

Inception Date

8 September 2023

Fund Returns

10.24%

7.02%

8.96%

31.84% CAGR

Benchmark (Nifty 500)

10.50%

-1.72%

2.97%

3.94%

*Data as on 1st May 2026. Past performance is not indicative of future results. Returns are indicative and not guaranteed.

Key risks — read before enquiring

AIFs are not for retail investors. Minimum commitment is ₹1 crore (₹1.5 Cr for some funds) as per SEBI Category II / III norms.
They carry illiquidity risk — your capital is locked for the fund tenure (typically 5–10 years). There is no guaranteed exit before maturity.
All return figures (IRR, MOIC, distribution yield) are indicative and not guaranteed. Past performance of prior series is not a promise of future results.
Private equity and growth equity strategies carry concentration, execution and valuation risk. You can lose some or all of your investment.
Category III AIF returns are market-linked — capital is not protected.

Talk to our HNI desk

We'll share term sheets, fund documents and a frank risk assessment — so you can decide with the full picture.

I authorise GRM Wealth to contact me. I understand AIFs carry high risk, have lock-in periods, and are suitable only for eligible sophisticated investors. Returns are not guaranteed.

Important disclosures

Alternative Investment Funds (AIFs) are high-risk, illiquid instruments regulated by SEBI under the AIF Regulations, 2012. They are not suitable for retail investors. All IRR, MOIC, distribution and return figures sourced from the Nuvama Fortnightly Partners Dashboard (June 2026) are indicative and not guaranteed — actual returns depend on market conditions, fund deployment and exit realisations. Past performance of prior series does not guarantee similar results for subsequent series. Category III AIF returns are market-linked and capital is not protected. Investors may lose part or all of their principal. This page is for general information only and does not constitute investment advice, an offer or a solicitation. Please read the Private Placement Memorandum (PPM) and all related documents carefully and consult your financial and tax advisors before committing capital.