Fund

  • The fund is a SEBI registered category 1, AIF (IN/AIF1/16-17/0267) dated October 13, 2016.
  • Vistra ITCL (India) Limited is the Trustees to YourNest India VC Fund.
  • Deloitte Haskins & Sells is the Statutory Auditors of YourNest India VC Fund II.
  • Orbis Financial Corporation acts as the Custodians of the Fund.
  • PwC act as the Tax & Regulatory Advisors of the Fund.
  • Fund Size planned at Rs. 300 crores.
  • YourNest Capital Advisors P Ltd is the sponsor to the fund committed Rs.5 crores.
  • Investment or Commitment period is 24 months from the date of initial closing.
  • Life of the fund is 7 years from the date of final closing.
  • Minimum Capital Commitment of Rs. 1 Crore.
  • Initial drawdown is 15% of capital commitment.
  • Management Fees – 2% per annum.
  • Hurdle Rate – 12% per annum.