About Company
Capri Xponentia Managers LLP
Capri Xponentia Managers LLP is an India-focused special situations investment platform jointly promoted by the founders of the Capri Group and Xponentia Capital Partners. Launched in 2023, the firm manages a SEBI-registered Category II Alternative Investment Fund (AIF) with a target corpus of ₹1,000 Crores. It specializes in revitalizing mid-market businesses by bridging the gap between stressed credit and equity participation. The firm leverages its promoters' collective experience of over 100 years to identify fundamentally sound companies that are temporarily impaired due to capital structure imbalances or operational bottlenecks.
Fund Investment Philosophy
- Value Creation through Turnarounds: The fund identifies Indian companies with a track record of profitable operations that are currently facing distress due to liquidity issues or capital misallocation. The philosophy focuses on scripting a "turnaround story" by implementing capital restructuring and operational scaling.
- Capital Preservation and Growth: A core tenant of the thesis is participation in the value-creation process while prioritizing the preservation of invested capital. This is often achieved through hybrid structures that combine debt for downside protection with significant equity upside.
- Mid-Market Specialization: Unlike larger distressed funds that focus on mega-caps, Capri Special Situations targets the mid-market segment. This niche allows for more active, hands-on operational engagement and strategic resurgence planning that might be overlooked by broader institutional investors.
- Structured Resurgence Strategy: Every investment is engineered as a holistic solution tailored to the unique needs of the portfolio company. This includes working closely with receptive promoters to professionalize management, institutionalize governance, and revitalize business operations.
- Absolute Return Focus: By leveraging the "documentation-led" and "operational-scaling" model, the fund targets a gross IRR of 25%, aiming to deliver superior performance that is less correlated with standard market benchmarks.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Sanjay Jain
With over three decades of experience across capital markets, investment banking, and stressed assets, Sanjay Jain plays a central role in steering the fund's investment and resolution strategies. Before joining Capri Xponentia, he held senior leadership positions at marquee firms where he specialized in project lease finance and corporate restructuring. His expertise is particularly focused on navigating the "opportunity-rich" stressed asset landscape in India, where he applies disciplined execution to drive turnarounds. His role involves deep-dive operational oversight and active monitoring of portfolio companies to ensure strategic capital deployment translates into long-term value for investors.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.