Systematix to sponsor India SME Growth Fund with ₹10 crore commitment

Systematix Corporate Services Limited has committed up to ₹10 crore as an initial contribution to the India SME Growth Fund - Series 2. This initiative positions Systematix as a sponsor for a Category I Alternative Investment Fund, with its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited, acting as the investment manager.

The investment, classified as a related party transaction, is structured to acquire units of the AIF scheme at face value. This move aligns with a special resolution approved by shareholders on October 14, 2024, for investing in AIFs as a "Sponsor" in accordance with SEBI regulations. Necessary SEBI approvals for this acquisition have been obtained.

The scheme, designed to launch India SME Growth Fund – Series 2, has a term of five years from the initial closing date, with potential extensions. This strategic investment is expected to bolster Systematix's involvement in the alternative investment sector.