The Holani Group has entered the fund management and investment sector following the Securities and Exchange Board of India (SEBI) approval for its Alternate Investment Fund earlier this year. Jaipur-based merchant banker and stockbroker Holani Consultants has raised ₹184 crore for its new SME-focused ₹300 crore fund, launched in late April.
The fund includes a greenshoe option to retain an additional ₹100 crore.
“With our sector-agnostic strategy, we aim to create long-term value for our clients while fostering innovation, entrepreneurship, and economic growth in India through our fund,” said Ashok Holani, Director of Holani Consultants Private Limited.
The venture capital fund, Holani Venture Capital Fund Category I AIF (Alternate Investment Fund), is an Indian growth capital private equity fund managed and sponsored by Holani Capital Advisors. The fund is now registered under SEBI as a Category I AIF – Venture Capital Fund.
The fund offers investment opportunities to individuals, including high net worth individuals, corporates, institutional investors, financial institutions, family offices, insurance companies, foreign investors, other alternative investment funds, and other permissible investors.