Alternative Investment Funds
Alchemy Long Term Ventures Fund
Small Cap And Private Companies Strategy
Alchemy Long Term Ventures Fund is designed for investors seeking exposure to small-cap equities and private companies over a longer investment horizon. The fund invests primarily in listed small-cap and micro cap equities and equity-related instruments, with provisions for investment in unlisted and pre-IPO opportunities. The strategy is sector-agnostic and follows a long-term, conviction-driven approach to capital allocation, seeking businesses with durable growth potential across the listed and pre-listed space. This strategy aims to give investors access to under-researched, under-owned, high growth opportunities alongside exposure to a portfolio of unique high growth private opportunities.
Strategy Snapshot
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Category
Equity Diversified
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Investment Universe
Small Cap & Private Companies
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Management Style
Active
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Structure
Closed Ended
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Launch Date
1st September, 2023
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Indicative Tenure
7 Years from the First Closing
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Minimum Investment
INR 10 Crores
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Risk Appetite
High Risk
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Portfolio Allocation
100% in listed equity and upto 30% in private/unlisted Companies.
Investment in Fund is subject to market risks. Please note these are not the complete terms of the Fund. Please contact us for the Private Placement Memorandum and Fund Documents for complete details.
Why Alchemy Long Term Ventures Fund ?
Focus on smallcap and private companies.
Sector-agnostic in nature,with a flexibility to invest a part of its corpus in private opportunities.
Focused allocation with active monitoring.
On the unlisted/private side, the portfolio companies are in their late-stage cycle and are about to file for the IPO in the next 12-24 months.
Fund Managers
Hiren Ved
Director and Chief Investment Officer (CIO)
Hiren Ved, an equity market veteran, is the Director and CIO at Alchemy Capital Management, where he leads the firm’s Asset Management business. With over three decades of experience in the Indian equities market, Hiren has developed a sustainable long-term investment philosophy based on fundamental research. He is known for his deep and diverse sector knowledge, bottom-up research skills, and stock picking abilities. He holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.
Mythili Balakrishnan
Co-Fund Manager
Mythili has over 22 years of experience in finance and markets, primarily in equity research and fund management. Prior to joining Alchemy, she worked with New Mark Capital as a midcap analyst. Previously, she has also worked with Motilal Oswal AMC, Avendus PE, and JP Morgan in similar roles. Academically, Mythili holds a B.E. (Electronics and Communication) degree from Delhi College of Engineering and a diploma in management from IIM Ahmedabad. She is a CFA charterholder.
What is Alchemy Long Term Ventures Fund?
India is at the cusp of a multi-year growth cycle, and expects strong earnings recovery across sectors such as consumption, manufacturing, and capex, over the next 3-5 years, despite inflationary pressures. These sectors may drive the next phase of market growth. Alchemy Long Term Ventures Fund focuses on opportunities within the small and midcap space.
Is there a lock-in period for Alchemy's AIF investments?
AIFs typically may have a lock-in, depending on the category and the investment approach. In case of further information, write to us at contactus@alchemycapital.com to learn more.
Which AIF Category does Alchemy offer?
Alchemy currently offers its schemes under Category III Alternative Investment Funds (AIFs), as defined under the SEBI (Alternative Investment Funds) Regulations, 2012, as amended from time to time.
What is the tax treatment for income generated through Category III AIFs?
Alchemy Alternative Investment Trust ('the Trust') is a contributory determinate trust set up under the Indian Trusts Act, 1882. The Trust is registered with the Securities and Exchange Board of India ('SEBI') as a Category III Alternative Investment Fund ('AIF') under the SEBI (Alternative Investment Funds) Regulations, 2012 ('AIF Regulations'). All the AIF strategies offered by Alchemy are set up as a scheme of this Trust.
Currently, there are no provisions under the Income Tax Act, 2025 ('ITA') that specifically govern the taxability of Category III AIFs. In such a scenario, the Trust would be taxed as per the general principles of taxation of trusts.
As per the provisions of sections 304-307 of the ITA, the Trustee shall be assessed as a "representative assessee", thus, the Trustee of the Fund will compute and discharge the tax liability on the share of Contributors in the income of the Fund on behalf of such Contributors in its capacity as a representative assessee. As such, the income generated from the investment in the AIF in the hands of the contributor is tax assessed.
Are Alchemy’s AIFs regulated by SEBI?
Yes, Alchemy Alternative Investment Trust (Trust) is registered with SEBI as a Category III – Alternative Investment Fund vide registration number IN/AIF3/17-18/0381 with effect from October 24, 2017. The Trust has launched various schemes which are managed by Alchemy Capital Management Private Limited as Investment Manager.
Explore Alchemy Long Term Ventures Fund
Explore how Alchemy Long Term Ventures Fund can fit into your long-term allocation framework.
