Exhilway Private Capital Market's SME Fund Vivo To Hit Market In December
SME Vivo investment advisory series will raise US $30 million to invest in the 17 emerging companies listed on the Exhilway Private Capital Market platform.
- (1888PressRelease) November 24, 2012 - Exhilway Private Capital Market (EPCM), India's leading platform enabling funding for the emerging businesses will raise US $30 million or INR 160 crore in its fund named SME Vivo. The fund will be made available for the investment from the December 21 this year.
The minimum investment size for the fund is kept US $94,300 or INR 50 lakhs and will carry a add on benefit of capital protection. The fund will strive for the minimum average cummulative return of 50% per annum.
The fund which falls in the category of alternative investment products will be made available to the handful of high net worth investors who expressed their intent for the investment. SME Vivo will invest in the 17 growing companies belonging to the diversified business sectors like online retail, IT, Real Estate and Media. EPCM will also dilute 4% of its ownership for US $6.2 million or INR 33 crore valuing the platform at US $155 million or INR 835 crore.
"We are excited to be the part of SME Vivo investment advisory series. It has made business funding so easy for the start ups like us," said Naresh Daryanani of Policy Heaven Insurance, one of the portfolio company participating in the fund.
EPCM who tasted success last year with its INR 120 crore Milestone Emerging Fund intents to repeat the same success story. The Milestone Emerging Fund generated a net after tax return of 48% per annum.
"We are quite confident for the portfolio companies in the SME Vivo investment advisory series. The companies can generate extraordinary returns, we will not only provide monetary support to these companies but we will also provide much required mentors support. The risk in our fund is highly diversified, and the capital protection is made available to safeguard the investors from the startups failure," said Monica Kujawa, the fund manager of the SME Vivo series.
The SME Vivo series is rated 3.88 out of 5 or 77.6% out of 100% by the United States based Newman Asset.
"The capital protection has made this fund an interesting investment proposition. There are hardly any start ups in the fund which offers capital protection, when the downside risk is locked one can be sure of good returns," Prashant Ahuja of India Infoline.
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