Nine Rivers Capital’s Aurum Rising India Fund – Best Category II AIF

Nine Rivers Capital AIF Overview

The core objective of the Aurum Rising India Fund – Category II AIF is to deliver favourable risk-adjusted returns by investing in a curated portfolio of unlisted Pre-IPO and SME opportunities. The fund targets emerging companies in their growth stages with high visibility of cash flows, aiming to unlock scalable opportunities and strategic exits.

Track Record:

• Aurum Small Cap Opportunities Fund: 28.92% CAGR vs S&P BSE 500: 15.44%
• Aurum SME Fund I: 65.22% XIRR (as on June 2024)

Nine Rivers Capital AIF strategy

Nine Rivers Capital follows a stage-flexible strategy, spanning Pre-IPO to listed equity, with a cheque size of ₹15–30 Cr. Their investment approach focuses on:

• Thesis: Growth capital for sunrise sectors and high-growth businesses
• Theme: High visibility of cash flows in scalable, sector-agnostic companies
• Criteria:
  • Large addressable markets
  • Strong financials (cash flows, leverage, returns)
  • Proven management execution

• 50%+ allocation in Pre-IPO deals
• ~20 carefully selected portfolio companies
• Long tenure: 9 years, extendable to 11 years
• Commitment: 36 months lock-in, extendable by 12 months

This disciplined strategy of the Aurum Rising India Fund by Nine Rivers Capital ensures early entry into high-potential deals while maintaining liquidity through strategic exits.

Nine Rivers Capital’s philosophy is rooted in “risk-calibrated alpha” – identifying high-growth Indian companies poised to benefit from the country’s expanding economy, projected to reach US$ 9 trillion by 2034.

Key elements:

• Focus on growth-stage companies overlooked by large PEs
• Pre-IPO and SME specialization for asymmetric return potential
• Emphasis on profitable growth, operating leverage, and execution track record
• Prioritizing sectors like consumption and manufacturing

The investment philosophy blends institutional-grade diligence with boutique agility, providing HNIs and UHNIs access to the most promising segments of India’s private market landscape.