About Company
Equirus Wealth Private Limited
Equirus Capital was establish in July 2007 with a primary focus on mergers and acquisitions and private equity advising. Equirus has established excellent credentials and market status in a variety of fields, and has carved out a niche for itself in its ability to organise and implement transactions in accordance with customer needs.Equirus began Institutional Equities & Research in January 2010 with BSE and NSE membership with staff in Mumbai and Ahmedabad.Equirus launched its ECM expertise in 2011 with market-leading initial public offerings (IPOs) for L&T Finance and TD Power.
Fund Snapshot
| Attribute | Details |
| Regulatory Status | Registered with SEBI as a Category II AIF |
| SEBI Registration No. | IN/AIF2/26-27/2128 |
| Fund Size / Target Corpus | ₹1,500 Crore (with a green-shoe option of ₹500 Crore) |
| Target Deal Stages | Growth Equity, Pre-IPO Mid-Caps, and Structured Private Equity |
| Minimum Investment | ₹1 Crore (Statutory Minimum for Indian AIFs) |
| Primary Focus Sectors | Specialty Chemicals, Manufacturing, Tech Services, Consumer Mid-caps |
Fund Purpose
The Equirus Alternative Fund II is meticulously designed to identify and capitalize on unlisted mid-market companies and pre-IPO enterprises displaying exceptional structural growth in India. By utilizing Equirus’s deep-rooted ecosystem of investment banking research and corporate relationships, the fund supplies long-term growth capital to businesses transitioning from founder-led teams to institutional market leaders. The fund focuses on maximizing investor returns by capturing value in the lucrative bridge phase that precedes public market listings or major institutional buyouts.
Fund Philosophy
1. Research-Driven Value Identification
We look past superficial market trends to uncover fundamentally strong mid-market companies with defensible business moats. Leveraging deep domain expertise across industrial and tech sectors, we pinpoint high-conviction opportunities before they become widely visible to the general public market.
2. Tailored Structural Capital
We design custom-built equity and equity-linked financing structures that align with each target company’s specific business lifecycle. By pairing the right funding instruments with explicit growth milestones, we accelerate commercial scaling while preserving maximum financial flexibility for our partner enterprises.
3. Active Post-Investment Institutionalization
Capital allocation marks only the first phase of our commitment. We work hand-in-hand with promoters, deploying robust corporate governance frameworks, optimizing capital structures, and building out top-tier executive resource teams to prepare the underlying business for the rigorous demands of public market scrutiny.
4. Disciplined Risk Mitigation
Preserving investor principal is embedded in our underwriting ethos. We enforce tight risk limits through extensive portfolio diversification, maintain a strict entry-valuation discipline, and integrate comprehensive minority investor protection rights to systematically insulate the fund against macro-economic volatility.
5. Structured, Underwritten Liquidity Pathways
Every asset deployment is mapped to a clear, realistic exit strategy formulated on day one. We engineer definitive liquidity paths within a 4-to-6-year horizon, prioritizing domestic initial public offerings (IPOs), multi-stage secondary sales to global private equity blocks, or strategic trade mergers.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Ankit Agarwal
Ankit Agarwal serves as the Head of Alternative Asset Management at Equirus Capital, steering the firm's private market investments and capital deployment strategies with over 17 years of financial lifecycle experience. Prior to leading this alternative fund layout, he successfully managed high-conviction growth portfolios and institutional small-cap strategies at leading domestic financial powerhouses, delivering consistent alpha across volatile market cycles. Ankit holds an advanced degree in finance and is widely recognized across Indian capital circles for his expertise in rigorous fundamental stock selection, pre-IPO transformation, and active private equity value creation.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The trust is fully registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF) under the official regulatory registration license number IN/AIF2/26-27/2128.
The fund is open to domestic Indian nationals, Non-Resident Indians (NRIs), corporate entities, and global institutional investors who can meet the regulatory minimum investment commitment of ₹1 Crore.
The fund operates with a standard institutional private market tenure of 5 to 7 years from its final closing date, with an option for up to two annual extensions subject to investor advisory board approval.
No, in strict accordance with SEBI regulations for Category II AIFs, the fund is prohibited from utilizing systemic leverage for speculative strategies and may only borrow on a temporary basis to manage short-term cash mismatches.
Capital is managed on a flexible drawdown structure over a designated 3-year commitment period, meaning investors deploy funds incrementally as active investment opportunities are secured rather than making a full upfront payment.
Connect with our investment experts for personalized guidance, fund details, and support tailored to your financial needs.
Get In Touch
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.