Private Equity Fund News
Himalaya Wealth launches Rs.500-Cr SME fund
Source Mint (opens in a new tab)
Mumbai-based Himalaya Wealth Managers has launched a Category I alternative investment fund (AIF) with a target corpus of Rs.250-Cr and a green shoe option of an additional Rs.250-Cr.The fund targets growth-stage SMEs with annual revenues between Rs.100-Cr and Rs.500-Cr, focusing on sectors including deeptech, aerospace, defence, industrial automation, healthcare, electronics, and renewable energy.It plans to provide expansion capital to profitable enterprises, with an investment range of Rs.25-Cr to Rs.40-Cr per company.