Scheme I
Tavasya SSP
About to close The Fund's inaugural scheme was constructed for patient, high-conviction value. In August 2024, Tavasya acquired a portfolio of distressed investments in liquidation under the IBC, an opportunity the Fund had studied for eighteen months prior to bidding.
- RVPI
- 2.75x
- Expected total multiple
- 6.5x
- First redemption
- Dec 2025
- Full cash visibility for a substantial redemption is expected during 2026, with residual distributions projected across 2027 to 2029.
Historical and expected performance for Scheme I. Forward-looking figures represent targets and do not constitute assurances.
Scheme II represents the Tavasya approach realised within a short cycle. In February 2025, the Fund subscribed to the security receipts representing approximately ₹1,800 crore of underlying debt exposure, acquired from an asset reconstruction company whose security receipts had reached end-of-life, a circumstance that produced a motivated seller and a price materially below intrinsic value.
- IRR
- 52.40%
- Exit multiple
- 1.46x
- Full cycle
- 15 months
- Approximately 41% of capital returned within the first six months.
- Cumulative 80% returned within seven months.
- Full and final exit concluded within 15 months.
Realised performance. Past performance is not indicative of future results.
Scheme III applies the expertise developed over the two schemes at scale, across a diversified, proprietary pipeline rather than a single concentrated position.
- Target fund size
- ₹500 Cr
- Sponsor commitment
- In excess of 6x regulatory minimum
- First close
- 2026
- Subscribed
- 80% of target
- Substantial repeat participation by all existing Scheme I and Scheme II investors.
- High asset cover. Returns independent of capital-markets performance. Pass-through taxation.
The foregoing does not constitute an offer or solicitation. Any investment is subject to the terms of the Private Placement Memorandum and to applicable SEBI regulations.