ValueQuest Tristar Fund


ValueQuest Tristar Fund

KEY PORTFOLIO ATTRIBUTES #

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

About ValueQuest Tristar Fund

ValueQuest Tristar Fund is a SEBI-approved Category II Alternative Investment Fund (AIF) tailored for long-term investors seeking exposure to India’s critical sectors such as Aerospace, Defense, Precision Engineering, Manufacturing, and Energy Transition. As part of the ValueQuest family—one of India’s top-performing alternate investment management firms with a corpus of over USD 2.3 billion—the Tristar Fund combines deep sectoral insights, technical leadership, and macro-megatrend positioning to deliver sustainable alpha.
With its ₹600 crore base size and ₹400 crore green shoe option, the fund targets minority stakes in high-growth companies, enabling investors to ride India’s strategic industrial revolution. It operates with a minimum investment ticket of ₹1 crore and seeks to partner with innovative businesses that have the right to win—through technology, execution, and scale.

Portfolio Managers

Ravi Dharamshi
Ravi Dharamshi Founder & CIO
Aniket Dharamshi
Aniket Dharamshi MD & Fund Manager
Arvind A
Arvind A Fund Manager

Investment Objective

The Tristar Fund’s objective is to deliver long-term capital appreciation by investing in businesses at the intersection of national importance and exponential growth. With a strategic focus on sectors like Aerospace, Defense Manufacturing, and Climate-Tech, the fund seeks to generate private equity-style returns by backing companies with deep technical moats, high innovation potential, and scalable execution.

The fund is structured for long-term wealth creation, with an 8+2 year tenure and significant team co-investment (₹75 Cr) to align interests with investors.

Investment Strategy

Tristar’s four-pronged investment strategy is designed to identify high-conviction investment opportunities in both classic and new economy sectors:

  1. Identify Companies with a Right to Win
    • Select businesses with defensible moats in technology, execution, and scale.
    • Focus on firms at an inflection point of growth or disruption.
  2. Revisit the Hypothesis
    • Continuously stress-test investment theses with timely insights to preempt blind spots.
  3. Partner with the Right Promoters
    • Work with visionary founders who are astute in operations and transparent in governance.
  4. Cherish the Right Opportunity
    • Participate in follow-on rounds for compounding growth and portfolio concentration.

This approach is supported by a research-intensive framework and is highly aligned with ValueQuest’s legacy of delivering top-quartile fund performance across its AIF and PMS strategies.

Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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