360One Alternatives
Our view on their team, the pedigree, the funds & investment philosophy followed.
IME's Review of 360One Alternatives
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
AMC View
360ONE Alternatives has scaled to become one of the largest alternative managers in India, with a diverse set of strategies across alternative categories - including Private Equity, Private Credit, Real Estate, Infrastructure & Multi-asset funds. Their focus on differentiated strategies and deep network via wealth management bodes well.
AMC Pedigree
While 360ONE is a wealth management firm, their AMC has scaled and established its pedigree & credentials in the asset management space. The AMC has achieved this via strong talent (and ESOP retention), differentiated strategies and good performance. Their ESOP structures incentivize these professionals to stay long-term, mitigating concerns of manager churn typically seen in non-founder-driven AMC houses.
Team Pedigree
360 ONE Alternates is led by Anup Maheshwari and Sameer Nath. Anup Maheshwari oversees the listed equity part, while Sameer Nath heads the alternatives business, with responsibility across private equity and venture capital strategies.
Investment Philosophy
360 ONE Alternates investment philosophy is largely strategy-specific rather than uniform at the AMC level, reflecting the diverse nature of alternative assets. Each scheme is driven by a tailored framework, with outcomes heavily dependent on the investment team’s ability to source, evaluate, and execute opportunities across private markets and other alternative space. In contrast, for listed equity exposures, the amc follows a well-established SCDV framework.
AMC Background
360 ONE Alternates Asset Management Limited is part of the broader 360 ONE Group (formerly IIFL Wealth), one of India’s largest and most established wealth and alternatives platforms. The alternatives business has been built over multiple years and spans private equity, venture capital, pre-IPO, secondaries, fund-of-funds, and co-investment strategies, positioning 360 ONE as a full-spectrum private markets investor rather than a single-strategy house. As of recent disclosures, the private markets platform manages a multi-stage AUM running into tens of thousands of crores, with a demonstrated track record across cycles and asset classes. The team benefits from deep institutional roots, an integrated sourcing ecosystem that includes the 360 ONE wealth network and Mumbai Angels, and long-standing relationships with founders, GPs, and co-investors. The investment management function is led by a seasoned CIO bench with decades of experience across private equity, venture capital, M&A, and capital markets, supported by dedicated sector specialists and a formal investment committee structure, enabling institutional-grade underwriting, governance oversight, and exit execution.
Investment Philosophy
360 ONE Alternates follows a platform-led, fundamentally driven private markets investment philosophy focused on identifying long-term structural growth opportunities across the venture, growth equity, pre-IPO, and secondary landscape in India. The approach emphasises disciplined underwriting, alignment with strong founder and management teams, and active value creation through governance, capital structuring, and strategic support. The platform places strong emphasis on downside protection, exit visibility, and alignment of interests, leveraging its broad ecosystem to support companies from inception through IPO or strategic exit.
Investment team
Sameer Nath | 3-star rated FM
CIO & Head - Alternatives | 30 yrs Experience | 3 yrs at current firm
Past Experience: TrueScale Capital (Founder), Iron Pillar (Co-Founder), CitiGroup (Investment Banker)
Sameer Nath is the CIO – Private Equity at 360 ONE Alternates Asset Management, with over 25 years of experience across private equity, M&A, capital markets, and entrepreneurship. He previously worked as an investment banker at Citigroup and later co-founded Iron Pillar (2016) and TrueScale Capital (2020). He holds an MBA from the University of Chicago Booth School of Business.
Anup Maheshwari | 5-star rated FM
CIO Equity | 27 yrs Experience | 8 yrs at current firm
Past Experience: DSP Blackrock (Executive VP)
Anup Maheshwari is Co-Founder & CIO of 360 ONE Asset. Anup is responsible for the investment and strategy for 360 ONE Asset’s business including mutual funds and Alternative Investment Funds (AIFs). He has over 25 years of work experience in the financial services sector. Prior to joining 360 ONE Asset, he has been associated with DSP Investment Managers for over 21 years as an Executive Vice President & Chief Investment Officer. He was also associated with HSBC Asset Management & Merrill Lynch.
Niraj Muraka | 3-star rated FM
CIO - Real Assets | 27 yrs Experience | 1 yrs at current firm
Past Experience: HCL Tech, IOCL
Niraj Murarka is the CIO – Real Assets at 360 ONE Alternates Asset Management. He brings over 25 years of experience across structured finance, corporate and project finance, treasury, M&A, and credit risk underwriting and management. Prior to this role, he served as CIO – Treasury at 360 ONE before transitioning to lead the real assets platform within 360 ONE Alternates. Earlier in his career, he was associated with HCL Technologies and Indian Oil Corporation. Niraj is a Chartered Accountant (rank holder), Company Secretary, and holds an MBA in Finance from FMS, Delhi.
Recommended Funds
360ONE Multi-Stage Defence & Space AIF
360ONE Early Stage AIF
360ONE Late Stage & Pre-IPO AIF
360ONE Equity Opportunity AIF
360ONE Real Asset Development
Experience the benefits of working with a 'research-first' investments firm
Free 15-Day Trial of IME RMS App
Get complimentary access to the revolutionary IME RMS App (direct access to IME's central team insights across 1000's of MFs, PMSs, AIFs & Global funds - a first in the industry).
Additionally, a dedicated private banker will help build your financial plan, investment mandate & undertake a comprehensive portfolio review for free.
