Investment Banking

Venture Capital

Venture Capital Funds – Entrepreneurship is a critical element for the growth of economy and India is poised to witness an unprecedented entrepreneurial boom in the coming years. Our company acknowledges such entrepreneurial spirit, and assists them in raising funds for their innovative ventures.

A venture capital fund is a pooled investment vehicle that primarily invests the financial capital of third-party investors in enterprises that are at any early stage.

Private Equity

Private equity is medium to long-term finance provided in return for an equity stake in potentially high growth listed / unlisted company. Private equity provides long-term, committed share capital, to help these companies grow and succeed.

Investment : Investment in Private Equity/ Venture Capital Funds managed by IFCI Venture Capital Funds Ltd

We Pratham Management Solutions Pvt. Ltd., Mumbai have been appointed as “ARRANGER” by IFCI Venture Capital Funds Ltd vide their letter no. IFCI Venture / FR / 2016-17/ 19811 dated 6th March 2017 and letter No IFCI Venture / FR / 2016-17/ 19812 dated 6th March 2017 for Investment in Private Equity/ Venture Capital Funds managed by IFCI Venture Capital Funds Ltd.
IFCI Venture Capital Funds Ltd (IFCI Venture) is Public Financial Institution under sub-section 72 of Section 2 of the Companies Act, 2013 and a subsidiary of IFCI Limited, which is a Government Company under the Department of Financial Services, Ministry of Finance, Government of India.
IFCI Venture is the pioneer institution in nurturing and providing venture finance to start-ups and growth-oriented businesses in India since the last four decades. It was incorporated in 1975 as Risk Capital Foundation with a view to widen the entrepreneurial base of India by providing start-up capital for setting-up projects and ventures. IFCI Venture has financed more than 429 projects in diversified sectors set-up across the country human hair wigs.
Presently, IFCI Venture is managing the following SEBI registered PE/ VC funds:
  • India Automotive Component Manufacturers Private Equity Fund-I-Domestic (IACM-1-D);
  • Green India Venture Fund (GIVF);
  • India Enterprise Development Fund (IEDF);
  • Venture Capital Fund for Scheduled Castes (VCF-SC)
To support and take advantage of ‘Make in India’ movement promoted by Hon’ble Prime Minister is promoting ‘Make in India’ concept to broad base manufacturing activities through Small & Medium Enterprises (SMEs), IFCI Venture has launched the following two funds which are registered with SEBI:
  • Green India Venture Fund - II (GIVF - II): Rs. 500. 00 crores - To invest in clean and renewable energy space
  • SME Advantage Fund (SMEAF): Rs. 500.00 crores-To invest in growth-oriented co. in mfg & service industries
IFCI Limited has already committed Rs 50 crore in each of the funds.
IFCI Venture, as the Investment Manager, has rich experience of managing funds by making investments in startups and growth oriented businesses successfully.
We request you to consider an investment / contribution out of total requirement of Rs 1000 crore in both these funds towards strengthening the ‘Make in India’ movement.
The broad objectives and salient features of these two funds are enclosed for your kind reference as under --

Fund Green India Venture Fund - II Small and Medium Enterprises Advantage Fund
Target Funds INR 500 crores with a green shoe option of INR 250 crores INR 500 crores with a green shoe option of INR 250 crores
Objectives To Invest in Companies to setting up Renewable energy and clean technology projects or other commercially viable projects. To promote SME segment –
Manufacturing & Service sector. Target Sector Small & medium Hydro , wind, Solar, Biomass etc . Watsemanagement , Energy efficiency , Agri, Farm & dairy products etc. Auto – Component, Chemical& fertilizer, Food Processing , FMCG , Health care &Pharma, Textile , Engineering , SME Infra , Media, Telecom, Biotechnology, E-governance & E- learnings etc.
Trustee IL&FS Trust Company Limited
Lead investor IFCI Ltd. Has committed INR 45 crores as the lead investor in the fund.
Sponsor’s committement IFCI Ltd. Has committed to invet INR 5 crores towards sponsor’s continuing interest in the fund, as specified under AIF Regulation.
Minimum capital Commitment Rs. 1 crores Initial Closing Not later then 31st Dec, 2017
Investment period 4 years
Tenor of the fund 8 years with 2 years prolongation period of 1 year each.
Hurdle Rate of Return 10% p.a.
Expected Return through Investment The fund is expected to achieve a gross IRR of about 20
Exit Mechanism Exit through payments out of operations , buyback / redumtions by promoters / companies, strrategic investment, listing at Stock Exchange or any other exit process.
Enclosed: Details of IFCI Venture Capital Funds Ltd with proposed Investment Details.

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