TrustLine closes ₹260 crore small-cap AIF, 90% from existing investors
What's the deal? TrustLine HoldingsDealroom has a profile for this one. Try Dealroom → has closed its Category III alternative investment fund, Intrinsic Deep Alpha AIF-II, after raising ₹260 crore in investor commitments. The fund will invest mainly in listed micro- and small-cap companies with market capitalisation below ₹2,000 crore.
What's the endgame? The closed-ended fund follows a concentrated strategy focused on under-researched and under-owned companies at the lower end of the small-cap segment. It targets businesses with high return on capital employed, strong operating margins, low leverage, and consistent operating performance.
The fund details: The AIF has a tenure of six years from the first close, extendable by up to two years under Securities and Exchange Board of IndiaDealroom has a profile for this one. Try Dealroom → (SEBI) AIF Regulations, 2012. The minimum investment is ₹1 crore.
Who backed it? More than 90% of commitments came from existing investors, and the entire corpus was raised through direct investments without distribution channels, said ArunaGiri NDealroom has a profile for this one. Try Dealroom →, founder, chief executive officer, and chief investment officer at TrustLine Holdings.
The signal: Founded in 2004 and headquartered in Chennai, TrustLine focuses on micro-, small- and mid-cap companies through discretionary portfolios and alternative funds. The reliance on repeat investors and direct fundraising points to a tight, conviction-led investor base backing India's less-covered small-cap names.
Read more: CNBC-TV18
