Mumbai : TrustLine Holdings, the
leading Equity Research and Asset Management firm has announced the successful
final close of its Intrinsic Deep Alpha
AIF-II . The fund has received a total commitment of INR 260Cr
across its closes from existing and new investors, well ahead of what it
had internally set out at the beginning.
This Category III AIF Fund’s mandate is to focus predominantly on micro
and small cap space in the sub-2000cr market cap segment and to aim at
early-stage investing in the listed space. TrustLine is among the top
discretionary asset managers in India with industry leading performance.
TrustLine
raises well over the target corpus for the new AIF Cat III offering.
Investor
response has exceeded our expectations. The level of interest and confidence
from both our existing investors and new prospects reinforces our conviction in
this strategy.
Building
on the success of its first fund, TrustLine’s new offering is designed to focus
on early- stage PE style (Private Equity) investing in the listed space,
specifically targeting micro and small-cap space. The fund aims to identify
high-growth businesses in their formative stages, with the potential to deliver
substantial long-term returns. The alpha generation in this fund arises from
two key sources - higher level of concentration and focus on the under-owned
and under-researched market spectrum at lower end of the small-caps. With a minimum investment size of ₹1 crore,
Intrinsic Deep Alpha AIF – II is a closed-ended scheme with a 6-year tenure
(from first close), extendable by up to 2 years as per SEBI AIF Regulations,
2012.
Commenting
on the successful closing, Mr. ArunaGiri N, Founder, CEO & Chief Investment
Officer of TrustLine Holdings, said:
“More
than the quantum of money raised, what really gives us immense satisfaction is
the profile of the investors. Over 90%
of the commitments raised, has come our existing investors who are from C-level
leadership profile. That speaks volume for us. It reflects the trust our
investors have placed in us, in our investment philosophy and the relationships
nurtured over the years. Further, the entire quantum has been raised through
the direct route. Not a single investment has come through distribution
channel. In today’s context, this is no mean accomplishment”
He
further added, “The fund’s objective is to build "rich portfolios from
small gems" - by identifying high-quality micro-cap companies with
superior return metrics such as high ROCE, strong operating margins, low
leverage, and consistent performance track record. The investment approach
remains rooted in contra deep value investing with a sharp focus on capital
preservation”