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IIFL Late Stage & Pre-IPO AIF

IME AIF Rating: 5-star | Open for subscription: Yes | AIF Category: Pre-IPO
  • IIFL’s Strong Investment Network and Pedigree: Leading wealth manager as parent and AMC’s standalone credentials provide a strong investment network and access to deals — emerged as a dominant player in late-stage investments
  • Investment Strategy: Concentrated portfolio with a preference towards financial services, consumption and healthcare with ~2000 Cr deal pipeline and clear path to exit
  • Strong Investment Team: 12 member professional team with senior team members from prestigious buy-side firms
  • Dependence on IPO market for exits: the IPO market needs to remain strong around the exit period of the funds’ investments, to ensure profitable exits. Any weakness in the IPO market can lead to either (a) an inability of the fund to exit, leading the fund with stuck investments (b) listing at a price below desired for requisite returns
  • Expensive valuations at the Pre-IPO stage: A large amount of capital raised to invest in the pre-IPO market segment (>12-15,000 cr) has lead to deal valuations at the pre-IPO stage having increased substantially. This makes the dependence on a ‘hot’ IPO market sustaining, critical to achieve the desired returns
  • Can be considered for Investing: Within pre-IPO funds, IIFL has emerged as a dominant player among others. For investors seeking to participate in the value creation of companies getting listed, and understand the risk of a dependence on a strong IPO market for successful exits, this is a good fund to consider for investments.

AMC

AMC Rating

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AMC Pedigree

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