Singularity Fund of Funds II (SFoF II)


Singularity Fund of Funds II (SFoF II)

KEY PORTFOLIO ATTRIBUTES #

Year of Inception
Number of Stocks
Alpha (1Y)
Beta (1Y)

About Singularity AMC LLP

Singularity AMC LLP is a SEBI-compliant AIF in finance—a visionary asset manager dedicated to fueling India’s growth economy. As a leading player in the alternative investment fund (AIF) India space, Singularity blends AIF capital expertise with deep operational insights to back early-stage and expansion-stage businesses across fintech, consumer brands, and healthcare. Founded by top-tier investors like Yash Kela and Madhusudan Kela, the firm brings global credibility and India’s sharpest investing minds under one roof.

Portfolio Managers

Madhusudan Kela
Madhusudan Kela Chair, Investment Committee
Yash Kela
Yash Kela Founder & CIO
Mithun Sacheti
Mithun Sacheti Co-Sponsor & GP
Sandeep Patat
Sandeep Patat Sr. Partner & CIO

Elevator Pitch

Gain diversified exposure to the private equity and venture capital universe through:

  • 40–60% allocation to mature secondary interests at >25% NAV discounts
  • Direct co-investments in growth-stage companies
  • 40–50% allocation to vintage funds with proven performance

Target Gross IRR: 18–22% over a 10-year tenure (extendable by 2 years) Key Advantage: Faster distributions to mitigate the PE J-curve

Core Philosophy

Harness secondary-driven funds of funds to maximise returns and reduce investment lock in. The strategy blends:

  • Discounted LP stakes
  • Direct co-investments
  • Allocation to proven vintage funds

 Key Fund Highlights

Feature Details
Fund Size ₹400 Cr (+ ₹100 Cr green shoe option)
Initial Closing ₹500 Cr (oversubscribed 3.5x in Oct 2023)
Sponsor Commitment ₹60 Cr by Param Ventures LLP
Fund Tenure 10 years + two 1-year extensions
Investor Category SEBI-recognized Category II AIF

Strategic Allocation Breakdown

Category Allocation Strategy & Benefits
Secondary PE/VC  Funds 40–60% Acquire mature fund stakes at >25% discount to NAV  for faster returns
Co-Investments Up to 60% Join Series B+ rounds with top GPs, no additional  fund-level fees
Primary Vintage  Funds 40–50% Invest in top-tier, historically successful funds for  sector and vintage diversity

 

Performance Benchmarking

Metric SFoF I (Vintage 2015) SFoF II (Target)
IRR 20.67% 18–22% (Target)
TVPI 1.63x 1.70x (Target)
Cash Distributed (Yr 6) 60% 50% (Target)
Evaluation CRISIL-validated In Progress (as of Sep 30, 2023)

What Makes Singularity Fund oF Fund II Unique?

    • Reduced J-Curve Effect with faster distributions from secondary buys
    • Direct equity exposure to high-growth companies without added fees
    • Sector-aligned investments in Tech, Consumer, Healthcare, and Energy
    • Robust research & underwriting across secondary, primary, and co-investment channels

Investment Strategy of Singularity Fund of Funds II

Secondary Market Access

Leverage Singularity’s LP network to access off-market deals at 25–40% discounts  Co-Investment Collaborations

Partner with GPs in Series B/C deals across consumer, agri-tech, enterprise tech sectors  Vintage Fund Selection

Select based on fee structures, GP reputation, sector focus, and historical return projections

ESG & Governance Framework of Singularity Fund of Funds II

  • All investments undergo ESG screening
  • Madhusudan Kela, ex-Reliance Capital CIO, chairs the Investment Committee
  • Advisory Board of sector experts for oversight and risk management

Do Not Simply Invest, Make Informed Decisions

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