Alchemy Capital Management has introduced its third Long Term Ventures Fund, a Category III Alternative Investment Fund (AIF) aimed at supporting India’s growing listed and private companies.
This closed-ended fund has a four-year duration and requires a minimum investment of ₹1 crore.
It will focus on high-growth small-cap and mid-sized companies in emerging sectors such as artificial intelligence (AI), defense, and green mobility.
The fund will be managed by Hiren Ved, who will implement a “Growth at Reasonable Prices” (GARP) strategy.
Fund Structure and Strategy
The Alchemy Long Term Ventures Fund, Series 3, is a closed-ended Category III AIF, allowing the fund to pursue complex investment strategies and invest in illiquid assets.
It has a fixed four-year life, which can be extended by an additional year if needed. Investors contribute capital in four equal tranches, giving the fund and its limited partners strategic flexibility.
The fund aims to create significant value over the medium term by investing in companies positioned to benefit from India’s structural growth.
Investment Focus and Target Sectors
The fund seeks “quality companies” across high-potential sectors including data centers, AI, defense manufacturing, green mobility, semiconductors, advanced healthcare, and biotechnology.
Its sector-agnostic approach ensures a wide search for the most promising investment opportunities, without being limited to any one industry.
Management and Investment Philosophy
Hiren Ved, co-founder, director, and chief investment officer of Alchemy Capital Management, will lead the fund.
The investment approach follows Alchemy’s “Growth at Reasonable Prices” philosophy, focusing on growth stocks that are not overvalued.
The goal is to deliver sustainable, long-term returns while supporting entrepreneurs building next-generation businesses by providing essential growth and risk capital.