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Management of PE/VC Funds

Management Of PE/VC Funds

IFCI Venture Capital Funds Limited (IFCI Venture) is presently managing 5 operational PE/VC Funds catering to 3 Self-initiated Venture Capital / Private Equity Funds and 2 Government initiated Venture Capital / Private Equity Funds as below:

Self-initiated VC Funds

Government  Initiated VC Funds

  • Green India Venture Fund (GIVF) – Corpus Rs.220 Cr, 10 yr close ended fund
  • India Automotive Component Manufacturers Private Equity Fund – 1- Domestic (IACM-1-D) – Corpus Rs.190 Cr., 10 year close ended fund
  • India Enterprise Development Fund (IEDF)– Corpus Rs.98 Cr., 10 year close ended fund

 

  • Investors in GIVF/IACM-1D/IEDF : Banks, FI’s, Insurance Companies, HNI’s;
  • Venture Capital Fund for Scheduled Castes (VCF-SC) (AIF-II Cat) – Corpus Rs.330 Cr., 12 year close ended fund
  • Venture Capital Fund for Backward Classes (VCF-BC) (AIF-II Cat) – Corpus Rs.200 Cr., 12 year close ended fund

 

  • Investors in VCF-SC: Govt. of India & IFCI Ltd.
  • Investors in VCF-BC: Govt. of India & IFCI Venture.
  • Trustee: IDBI Trusteeship Services Limited
  • Settlor:  IFCI Limited
  • Investment Manager: IFCI Venture Capital Funds Limited
  • Trustee: Vistra ITCL (India) Limited (formerly IL&FS Trust Company Ltd.)
  • Settlor:  IFCI Limited
  • Investment Manager: IFCI Venture Capital Funds Limited

 

 

 

Self-initiated VC Funds

Government  Initiated VC Funds

Funds

IACM - 1- D

GIVF

IEDF

VCF-SC

VCF-BC

Objective

Invested in Indian companies engaged in, amongst others, the automotive parts and components manufacturing sector in order to generate high returns for its investors.

Invested in companies setting up Clean Development Mechanism (CDM) projects and other commercially viable projects/ business.

Invested in knowledge based projects with relatively high entry barriers, critical applications, prospects for high growth and global scalability in diversified and/ sector agnostic or emerging sectors.

  • Social Sector National level Initiative
  • Create SC / BC Class Entrepreneurs
  • Promote Entrepreneurship among SCs
  • To provide concessional finance
  • To increase  financial inclusion
  • Motivation for further growth
  • Employment generation
  • Economic development of Community

 

Corpus Size

INR 190 Cr

INR 220 Cr

INR 98 Cr

INR 330.01 Cr

INR 200 Cr

No. of Portfolio companies

9

14

6

71

-

Nature of Fund

PE/VC Fund

PE/VC Fund

PE/VC Fund

PE/VC Fund

PE/VC Fund

Tenure

8 years With two prolongation option of 1 year each

7 years with three prolongation options of 1 year each

7 years with three prolongation options of 1 year each.

12 years with two prolongation options of 1 year each

12 years with two prolongation options of 1 year each

Target Returns

20% p.a.

20% p.a.

20% p.a.

  • Returns on Equity instruments :
  • 15% p.a. (for all SC / BC entrepreneurs)
  • Returns on Debt/Convertible Instruments :
  • 8% p.a. (for all SC / BC entrepreneurs other than Women and/ or Disabled SC / BC entrepreneurs)
  • 7.75% p.a. (for Women and/ or Disabled SC entrepreneurs)

Size of investment

Rs. 9.32 to 28 Cr

Rs. 4.50 to 30 Cr

Rs. 1.5 to 20 Cr

Rs.0.20 Crore to Rs.15.00 Crore.

  • Financial assistance up to Rs.5 Crore  - Investment shall be in the ratio of 75:25 (i.e. Fund investment: Promoters Contribution);
  • Financial assistance above Rs.5 Crore - Investment under VCF-SC shall be maximum up to 50% of the project cost. At least 25% of the project cost will be funded by the promoters and balance of the project cost shall be either funded by bank/ other financial institution or by promoters.

Aggregate assistance not more than two times the current net worth of the company.

Rs.0.20 Crore to Rs.5.00 Crore.

  • Financial assistance up to Rs.1 Crore  - Investment shall be in the ratio of 75:25 (i.e. Fund investment: Promoters Contribution);
  • Financial assistance above Rs.1 Crore - Investment under VCF-SC shall be maximum up to 50% of the project cost. At least 25% of the project cost will be funded by the promoters and balance of the project cost shall be funded by banks or any other financial institution.

Aggregate assistance not more than two times the current net worth of the Company.

Current Status

Exit Mode

Exit Mode

Exit Mode

Investment Mode

Investment Mode