What is JM Financial Asset Management's new fund targeting?

JM Financial Asset Management's new fund is targeting companies expected to go public within the next 18 months.

What is the target corpus for JM Financial's new pre-IPO fund?

The target corpus for JM Financial's first pre-IPO Alternative Investment Fund is ₹1,500 crore.

Which SEBI category does JM Financial's new fund fall under?

JM Financial's new pre-IPO Alternative Investment Fund is under Category II.

Home / Business and Economy / JM Financial Launches First Pre-IPO Fund

JM Financial Launches First Pre-IPO Fund

19 Feb

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Summary

JM Financial launched its first pre-IPO Alternative Investment Fund.
The fund aims for a substantial corpus of ₹1,500 crore.
It targets companies poised for IPO within the next 18 months.

JM Financial Launches First Pre-IPO Fund

JM Financial Asset Management has officially entered the pre-IPO investment sector with the launch of its first Alternative Investment Fund (AIF) under Category II. This new fund is designed with a substantial target corpus of ₹1,500 crore and has secured approval from the Securities and Exchange Board of India. The primary objective of this fund is to invest in companies that are expected to pursue an Initial Public Offering (IPO) within the next 18 months.

Managed by Jaisinh Suchak, who brings over two decades of financial services experience, the fund aligns with JM Financial's strategic expansion of its AIF platform. This initiative aims to encompass credit, real estate, and pre-IPO opportunities. The firm plans to utilize its robust equity capital market capabilities to meticulously identify and assess promising companies prior to their public listings.

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