TrustLine Holdings Surpasses First Close Target with New AIF-II Fund

TrustLine Holdings successfully closed its Intrinsic Deep Alpha AIF-II fund, raising over INR 1750Mn, exceeding the initial target of INR 1500Mn. The fund focuses on micro and small caps in the sub-2000cr market, with the aim of early-stage investing in listed spaces, building on past successes.

In a significant achievement, TrustLine Holdings has successfully closed its Intrinsic Deep Alpha AIF-II fund, surpassing its initial target by amassing over INR 1750 million in commitments. This milestone was reached despite a set target of INR 1500 million for the fund's first close.

The Category III AIF fund aims to hone in on micro and small-cap businesses, specifically within the sub-2000 crore market capitalization segment. With a focus on early-stage investments in the listed space, TrustLine targets companies with high potential for growth.

Mr. ArunaGiri N, Founder and CEO of TrustLine Holdings, stated that the fund is structured to harness private equity-style investing in under-researched micro-cap spaces, aiming for substantial returns. This effort builds on the success of TrustLine's initial fund, drawing new and existing investor interest, thereby strengthening the foundation for the fund's final close.

(With inputs from agencies.)