Mavenark Credit and Growth Fund Series 1
Fund Snapshot
|
Type |
Category II Alternative Investment Fund |
|
Exposure |
10-12 companies via either debt and/or equity |
|
Fund allocation |
Minimum 51% Performing Credit, and up to 49% in Emerging Equity |
|
Fund term |
6 years (with an option to extend up to 2 years) |
|
Minimum Capital Commitment |
INR 1 Cr |
|
Sectors in focus |
Commercial vehicle and two-wheeler finance Microfinancing Affordable Housing Gold loans Micro Small and Medium Enterprises |
|
Fund Size |
75 Crores + 25 Crores (Green Shoe) |
|
Final Close |
15 Months from the end of the first close |
|
Carried Interest |
10% with full Catch Up | 12% Hurdle Rate |
|
Target IRR |
18% - 22% |
Why choose MCG Fund over others
Regular Income
The fund intends to make a monthly distribution of 0.4% - 0.5% per month (5% - 6% per annum)
Higher Targeted Return
Target XIRR return of 18% - 22% with moderate risk
Expertise
Our CIO, Mr. Phanisekhar Ponangi, has expertise of over 18 years in both equity and credit fund/portfolio management. He has been a pioneer in performing credit space with a solid track record since 2016.
Stellar Track Record
The AUM at the erstwhile firm had peaked at INR 865 Cr and delivered a gross IRR in excess of 12% with no default.
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Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Shantanu Awasthi
Shantanu Awasthi brings over 23 years of experience in international private banking, wealth management, and institutional advisory, having managed extensive portfolios for ultra-high-net-worth clients and global family offices. His expertise lies in bridging the gap between high-level investment strategy and ground-level execution, utilizing a vast investor network to drive the firm’s go-to-market strategies. By combining a product-focused perspective with deep relationship management, he provides a vital pillar for Mavenark's client-centric financial solutions.
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Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The fund follows a hybrid strategy combining performing credit and emerging equity opportunities, with a minimum 51% allocation toward performing credit and up to 49% toward equity investments.
The strategy focuses on sectors such as commercial vehicle finance, two-wheeler finance, microfinance, affordable housing, gold loans, and MSME financing.
The fund targets an IRR of 18%–22% while aiming to maintain a moderate risk profile through diversified debt and equity exposure.
Yes. The fund intends to distribute approximately 0.4%–0.5% per month, translating to an annual distribution range of around 5%–6%, subject to fund performance.
The fund has a tenure of 6 years with an extension option of up to 2 additional years, and the minimum capital commitment is INR 1 crore.