Alternative Investment Fund (AIF)

Empowering Growth-Stage Businesses with Capital, Governance & Strategic Support

At Evergreen Capital Management LLP, our flagship vehicle, Evergreen Optima Diversified Fund I, is a SEBI-registered Category II Alternative Investment Fund (AIF) focused on fueling the next phase of growth for high-potential mid-sized Indian enterprises.

We go beyond just providing capital, offering strategic mentorship, robust governance frameworks, and sector insights that enable businesses to scale sustainably, ethically, and profitably.

Alternative Investment Fund (AIF)

Fund Structure & Key Highlights

ParticularDescription
Year of InceptionJuly 2025
Fund TypeClose Ended Category II AIF
Fund Size₹200 Crore (₹100 Crore base corpus plus Green Shoe option up to ₹100 Crore)
Minimum Investment₹1 Crore (as per SEBI guidelines)
Fund Tenure5 years from First Close (extendable under SEBI regulations)
Investment HorizonLong Term Long Only
InvestmentPredominantly unlisted stocks
SEBI Registration No.IN/AIF2/25-26/1847
Investment Philosophy

Convict on, focused on sustainable value creation

  • Target Companies: Growth-stage businesses with proven business models, scalable operations, and strong leadership.
  • Sector Focus: Consumer Financial Services, Healthcare, Manufacturing, and Technology-Enabled Enterprises.
  • Value Creation Approach: Active participation in strategic decision-making, governance enhancement, and operational efficiency improvements.
  • Risk Management: Diversification across sectors and geographies, disciplined due diligence, and continuous portfolio monitoring.

Our services FAQ

An Alternative Investment Fund represents a SEBI-regulated private capital pooling mechanism that gathers resources from qualified investors to deploy capital according to predetermined investment strategies. AIFs focus on unlisted enterprises, private equity opportunities, debt instruments, and alternative asset classes outside conventional mutual fund structures.

Category II AIFs concentrate on unlisted enterprise investments, private equity stakes, and debt instrument portfolios. These funds maintain conservative leverage approaches while emphasizing medium to long-term value enhancement through strategic portfolio oversight.

AIFs operate under three distinct classifications:

Category I: Venture capital initiatives, startup funding, infrastructure projects, SME support funds

Category II: Private equity investments, debt financing funds, real estate opportunities, distressed asset recovery

Category III: Hedge fund operations utilizing sophisticated trading methodologies and leverage mechanisms

AIFs cater to sophisticated investor segments, including High Net Worth Individuals (HNIs), Ultra High Net Worth Individuals (UHNIs), family investment offices, and institutional participants who comprehend alternative investment complexities.