India Inflection Opportunity Trust launches 2nd AIF targeting Rs 2,000 Cr

Mumbai-based financial services firm Pantomath Group's India Inflection Opportunity Trust (IIOT) has launched Bharat Value Fund (BVF) with a targeted corpus of Rs 2,000 crore, which includes a base amount of Rs 1,000 crore and an additional green shoe option of the same amount.

Bharat Value Fund (BVF) is the second Alternative Investment Fund (AIF) launched by IIOT. Launched in April, BVF aims to focus on pre-IPO investment opportunities in Indian growth-stage enterprises.

According to the company's statement, the fund has completed the green shoe option of Rs 1,000 crore at the first close itself.

“Bharat Value Fund is designed to capitalise on the massive demographic opportunities in the mid-market segment that the Indian economy presents. We are confident that BVF will deliver robust returns and become a cornerstone of our investors' portfolios, helping them achieve long-term growth and financial success,” said Madhu Lunawat, CIO of IIOT.

IIOT also stated in the release that it had deployed 100% of committed money worth Rs 500 crore of its inaugural fund—the India Inflection Opportunity Fund—within eight months of the final closure. It has made eight investments during that period, bringing its total number of investments to twelve.

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Further, IIOF has also secured an exit at a 10X valuation.

"We have stuck to our theme of participating in businesses that contribute to Make-in-India, rural consumption, and having global engagements while creating meaningful societal impact. Our portfolio includes companies that procure directly from farmers, make use of renewable energy, carry out water treatment/supply projects for rural households, make import substitute products, and carry on export-oriented business," added Lunawat.