Bharat Value Export Opportunities

A SEBI-registered Category II AIF by Pantomath Group, this pre-IPO fund focuses on high-growth businesses in rural consumption, Make in India, and impact-driven sectors. With a fund size of up to ₹2,500 Cr, it targets strategic equity stakes in companies with IPO potential within 3 years. Backed by experienced fund managers and active ownership, it offers medium-to-high risk exposure with a 15% hurdle rate and strong governance oversight.

Investment Strategy

Sector Focus:
- Consumer Goods & Trade (Rural Consumption)
- Make in India initiatives
- Impact Investing
Thematic Focus:High-growth businesses with IPO potential in 3 years
Investment Style:Active Ownership (Strategic advisory & corporate governance support)
Risk Profile:Medium to High (Pre-IPO investments with potential exit uncertainty)

Value Proposition

Fund Structure

Fund Performance

Fund Size:Up to INR 1,500 Cr + INR 1,000 Cr Green Shoe Option
Commitment Period:5 years (+2 years extension if required)
Capital Lock-in Period:Fund tenure with limited liquidity before IPO exits
Minimum Ticket Size:INR 1 Crore
Sponsor Commitment:Not explicitly mentioned but backed by Pantomath Group

Net NAV Returns:Not available (Early-stage fund)
Hurdle Rate:15% XIRR (Before carried interest applies)
Past Performance:Not applicable (New series of Bharat Value Fund)
Benchmarked Returns:Aims to outperform listed mid-market indices and IPO returns

Market

Expense Ratio & Fees Analysis

3. Governance & Management Team

Management Fees:2% per annum
Performance Fees (Carried Interest):20% (With full catch-up above hurdle rate)
Other Expenses:Auditor (Deloitte), Legal & Compliance costs

Fund Managers:
- Vikas Agrawal (Founder & CEO)– 20+ years in AIF & PMS investing
- Nishad Khanolkar (President)– Ex-CEO of SP Growth Partners, extensive investment experience
- Madhu Lunawat (CIO)– Co-founder of Pantomath, expertise in fund management & M&A
- Prasanna Pathak (Managing Partner)– Former CEO of Taurus Mutual Fund, 20+ years in public market investments
Decision-making Process:Investment selection based on deep due diligence, proprietary quant models, and active participation in portfolio growth
Auditors & Service Providers:
- Auditor:Deloitte
- Fund Compliance & Tax Advisors:SecMark Consultancy, Orbis (Custodian)
- Fund Accounting & RTA Services:CAMS
Disclosure Standards:SEBI-regulated, but investor-level transparency details not explicitly mentioned

Financial

Valuation & Liquidity Considerations

6. Miscellaneous

NAV Valuation Methodologies:Not explicitly mentioned, likely periodic valuations for internal reporting
Liquidity Options:Exit primarily through IPOs within 3 years (preferred), or secondary market sale
Alignment with Investor Goals:Capital appreciation through strategic pre-IPO investments
Risk Appetite Suitability:Suitable for aggressive investors with a high-risk, high-return outlook

Fund Launch Date:Not mentioned explicitly
Co-investment Opportunities:Not specified
ESG Score:Avoids environmentally irresponsible investments but lacks a dedicated ESG focus
Fine Print on Fund Tenure & Extensions:5 years + 2-year extension if required

Last updated at: 4/16/2025, 6:31:54 AM

Investment Summary

Minimum Investment₹1.00 Cr

Expected IRR15%

Asset TypeAIF

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