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Category II AIF
ValueQuest Tristar Fund
ValueQuest Tristar Fund is a Category II AIF in India, focused on strategic investments across aerospace, defence, precision engineering, energy transition, and manufacturing sectors.
Access curated alternative investment opportunities through BlackSwan Securities, designed for disciplined long-term portfolio allocation.
Platform scale & credibility
ValueQuest has built scale through disciplined investing and long-term capital allocation, supported by institutional processes and a diversified investment platform.
₹26,006 Cr total AUM
16.9% TWRR (flagship strategy)
78% AUM in public markets
15+ years operational experience
124+ team strength
Investment journey
ValueQuest’s multi-decade journey reflects a consistent focus on proprietary research, disciplined investing, and evolving across PMS and AIF strategies.
Key Drivers for AIF Investments in India
The fund focuses on sectors benefiting from structural tailwinds such as government initiatives, global supply chain shifts, and demand-supply imbalances.
Aerospace & defence
Energy transition
Precision engineering
Manufacturing
Investment Strategy of the AIF
The strategy focuses on identifying companies with a clear “right to win”, supported by strong execution, scalable business models, and long-term opportunity.
Success framework
The fund emphasizes investing in high-quality promoter teams operating in industries with sustained demand-supply gaps, complex products, and regulatory barriers.
Key takeaways
India’s manufacturing and strategic sectors are at an inflection point, supported by global demand, domestic policy support, and increasing competitiveness.
Current portfolio update
The fund has already deployed capital across selected aerospace, defence, and energy transition opportunities, reflecting its sector focus and execution capability.
Category II AIF in India – Overview
Category II AIFs in India are widely used for private equity, venture capital, and structured investment strategies, typically requiring a minimum investment of ₹1 crore.
FAQ
ValueQuest Tristar Fund is a Category II Alternative Investment Fund (AIF) focused on strategic investments across select manufacturing and strategic sectors.
Category II AIFs in India are alternative investment funds that invest in private equity, structured credit, and other non-traditional assets, typically requiring a minimum investment of ₹1 crore.
The stated focus includes aerospace & defence, energy transition, precision engineering, and manufacturing.
₹1,500 Cr, with an additional ₹500 Cr greenshoe.
8 years, with extensions as per fund documentation.
No. Returns are not guaranteed. Investments in AIFs carry market, liquidity, regulatory and business risks, and outcomes depend on portfolio performance.
Disclaimer
This page is for informational purposes only and does not constitute investment advice or an offer or solicitation to invest.
If you are exploring Alternative Investment Funds, you may review our overview to understand fund structures and categories.
You can also explore additional curated opportunities in our AIF funds section.
Investments in AIFs are subject to market, liquidity, regulatory, and business risks. Past performance is not indicative of future results. Investors should refer to the PPM and consult their advisors before investing.