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
• Ex-CIO, Reliance Capital (Grew AUM ₹200 Cr → ₹1 Lakh Cr) • Founded MK Ventures (2017) and Invexa Capital (2020) • 28% CAGR on flagship strategies; PM’s Award for Best Fund Manager
Yash Kela
Yash Kela Founder & CIO
• Founded Singularity Ventures (2015) • Handled ₹1,200 Cr+ across PE/VC transactions • Investment committee member in $2.4B NBFC; board roles in 6+ unicorns
Mithun Sacheti
Mithun Sacheti Co-Sponsor & GP
• Former CEO of CaratLane (scaled to $305M revenue) • Awarded TiE Next-Gen Entrepreneur
Sandeep Patat
Sandeep Patat Sr. Partner & CIO
• Ex-Blackstone India & Hillhouse Capital<br /> • Harvard MBA, IIT Bombay Engineer

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

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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