ValueQuest Tristar Fund raises over Rs 2,100 Cr for advanced manufacturing
The private equity fund, which focuses on aerospace, defence, precision engineering and energy-transition-linked manufacturing, has secured commitments exceeding its original target and full greenshoe within 15 months of its first close.
ValueQuest Tristar Fund, a private equity fund focused on India's advanced manufacturing sector, has successfully raised more than Rs 2,100 crore in commitments from investors. This achievement was accomplished within 15 months of its initial close, surpassing both its original target and the full greenshoe, which allows for additional funds above the target.
The fund targets investments in aerospace, defence, precision engineering, and manufacturing related to energy transition. To date, ValueQuest Tristar Fund has backed four companies: Hi-Q Electronics, Rangsons Aerospace, Waaree Energy Storage Solutions, and Trusted Aerospace & Engineers (TASE Global). The fund's investment strategy involves thorough sector research and analysis of industrial value chains to identify specialized manufacturers poised to benefit from long-term industry growth and key turning points within their businesses.
Aniket Dharamshi, Co-Founder and Managing Partner of ValueQuest Investment Advisors, emphasizes that identifying the right businesses at the right stage of their evolution is crucial for sustained profitable growth. Dr. Arvind Ananthanarayanan, Partner at ValueQuest Private Equity, adds that the fund seeks businesses with competitive advantages built over years through process expertise, customer qualification, and consistent delivery of quality and reliability.
ValueQuest Private Equity is currently also raising its SCALE Fund II, which will invest in established businesses with clear competitive advantages and visible paths to an exit for investors.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
