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ValueQuest manufacturing fund raises ₹2,100 Cr
By Abha Lohia · Editor ·
Mumbai
- ValueQuest Tristar Fund is a private equity fund backing India's advanced manufacturing, from aerospace to defence
- Investors committed over ₹2,100 Cr, beating the target, within 15 months of the first close
- So far it has backed four firms: Hi-Q Electronics, Rangsons Aerospace, Waaree Energy Storage and TASE Global
What happened
- Fund commitments passed ₹2,100 Cr.
- The target was exceeded, including the greenshoe (extra allotment) option.
- It closed within 15 months of first close.
Why it matters
- Focus areas are aerospace, defence, precision engineering and energy transition.
- Four companies are already in the portfolio.
The business
- The fund finds specialised makers by mapping industrial supply chains.
The founders
In numbers
₹2,100 Cr+Commitments · 2026
What happens next
- Add more portfolio companies
Terms in this story
- Private equity: Venture capital backs young companies that could grow very fast, taking small stakes and accepting that many will fail, while private equity backs mature companies, often with large or controlling stakes and steadier returns. In India both usually invest through SEBI-registered AIFs, with venture capital funds in Category I and most private equity in Category II.
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