InCred Growth Partners Fund – I

InCred Growth Partners Fund ('IGPF')

About Us

InCred Growth Partners Fund (‘IGPF’) is a series of Private Equity funds sponsored by InCred Capital Financial Services.

IGPF invests in ‘Best In Class’ privately owned companies in India. The Fund will take high conviction, concentrated positions in 8-9 companies with the aim of generating alpha.

Launched in 2023, IGPF-I is the maiden strategy from this series and a SEBI registered CAT-II AIF. IGPF-II is scheduled to be launched in late 2025.

IGPF is backed by a team with a cumulative investment experience of 60 years.

Investment Approach

01. Target Companies

IGPF’s targets companies, which are ‘Best In Class’ and run by an exceptional leadership with a demonstrated track record of execution.

02. Themes

IGPF specializes in two themes – Established (including Consumer, Financials, Enterprise) and Emerging (including Niche Manufacturing, Technology, Energy).

03. Tenure

6 years from First Close.

04. Investment Criteria

We define ‘Best In Class’ company as a SUPER company, which has:

Scale – Market leader or top 3 in their category
Uniqueness – Strong edge, difficult to replicate
Profitability – Limited need for further capital
Exitability – Should IPO within 2-4 years
Relationship – Proprietary to IGPF

IGPF-I Portfolio

Team

Past Investments of the Team

For Investors –

igpf@incredalts.com

For Investment Proposal –

igpf.team@incredalts.com

022 6844 6100

Our Private Equity Fund is designed to back high quality and high performing privately owned firms. Our Fund
focuses on three themes namely consumer, financials and technology/enterprise. The capital raised helps
companies traverse the journey from scaling to scaled stage as well as provides timely liquidity solutions to
their stakeholders.

Our Purpose
The fund is designed to:
i) Foster entrepreneurship,

ii) Generate targeted returns for our investors and

(iii) Bring together the founder and investor communities.

Portfolio Construction by Stage – Indicative

Growing Stars

Primary or primary/secondary combination stakes in high growth stage companies.

- Series B/C
- Lesser mortality risk
- Growth to drive returns
- Exit via secondaries

50-75% of AUM

Glowing Stars

Secondary or opportunistic stakes in established companies at undemanding valuations.

- Series D onwards
- Ability to command a premium in capital markets
- Ease of liquidity via IPO or secondaries

25-50% of AUM

We will invest in 7-8 high quality, high performing and high conviction companies

Quick Links

InCred Alternative Investments Private Limited
Registered Office: Unit No 1203, 12th Floor, B Wing, The Capital, C-70, G Block, BKC, Bandra (E),
Mumbai – 400051
Phone: +91-22-6844 6100
Email:enquiries@incredamc.com
CIN: U65990MH2022PTC377781

The Asset Management business for InCred is catered through two entities, InCred Asset Management Private Limited and InCred Alternative Investments Private Limited. Both these entities are Investment Managers under SEBI (Alternative Investment Funds) Regulations, 2012. InCred Asset Management Private Limited is also registered as Portfolio Manager with SEBI Regn. No. INP00007410.
InCred Alternative Investments Private Limited is an Investment Manager to InCred Alternative Opportunities Trust (“IAOT”) and InCred Alternative Investments Trust (“IAIT”).
InCred Credit Opportunities Fund- I, InCred Growth Partners Fund- I and InCred Credit Opportunities Fund-II are schemes under IAOT.
Constitution: IAOT has been set up as a Trust under the Indian Trusts Act, 1882 and is registered with SEBI as a Category II Alternative Investment Fund vide registration no. IN/AIF2/22-23/1111 dated August 01, 2022. Trustee: Catalyst Trusteeship Limited | Sponsor: InCred Capital Financial Services Limited (erstwhile known as ‘InCred Capital Financial Services Private Limited’)
InCred Liquid Alternative Fund- I and InCred Dynamic Equity Asymmetric Returns Fund are schemes under IAIT.
Constitution: IAIT has been set up as a Trust under the Indian Trusts Act, 1882 and is registered with SEBI as a Category III Alternative Investment Fund vide registration no. IN/AIF3/22-23/1253 dated March 27, 2023. Trustee: Catalyst Trusteeship Limited | Sponsor: InCred Capital Financial Services Limited (erstwhile known as ‘InCred Capital Financial Services Private Limited’)