Fund Manager

FUND MANAGER – EMERGING COMPANIES, SME IPO & PRE-IPO

STRATEGY

Location Reporting to Experience Coverage

Dubai or India Chief Investment Officer 15-20+ years INR 500–4,000 crore market

cap

About Client

Client is an independent, multi-strategy investment firm founded in 2021 and headquartered in the Dubai

International Financial Centre (DIFC). The firm is regulated by the Dubai Financial Services Authority (DFSA) under a

Category 2A licence and operates across Dubai, Singapore and India.

• The firm is led by investment professionals with more than 100 years of collective experience across public

equities, private markets, structured products, venture-capital secondaries and private banking.

• Client operates through three integrated business verticals: Asset Management, Private Wealth and OTC

Securities.

• Its Asset Management platform includes the Capital Global Opportunities Fund, Investment

Opportunities Fund and the High Conviction Equity AMC, offering India-focused and global public and private

market strategies.

• The broader platform also provides private banking and OCIO services, fixed-income and structured-product

execution, and access to late-stage venture-capital secondaries. This gives the investment team access to a wide

institutional network of global banks, merchant bankers, promoters, GPs, LPs and other market participants.

About the Investment Platform and Fund Strategies

The Fund Manager will join clients Asset Management division and will focus primarily on India-focused SME

pre-IPO, IPO anchor and emerging-company investments. The role may contribute across both the funds depending on the

opportunity, mandate and applicable investment guidelines.

Fund 1 is a SEBI-registered Category II Alternative Investment Fund with a target

corpus of INR 400 crore and a greenshoe option of INR 100 crore. Its intended allocation is 60% to pre-IPO unlisted

companies, 20% to follow-on investments in existing portfolio winners and 20% to selected listed-market

opportunities. The strategy invests in emerging and growth-stage Indian companies, including pre-IPO and IPO anchor

opportunities, at important stages of their transition to the public markets.

Fund 2 is an India-focused strategy structured through a Singapore-registered

Variable Capital Company regulated by the Monetary Authority of Singapore. The strategy has approximately USD 110

million of assets under management and reported a 35.89% CAGR since inception, with audited performance data

stated as of 30 March 2026.

Strategy combines fundamental underwriting with active transaction sourcing, valuation and allocation negotiation, IPO-market

intelligence and disciplined post-listing portfolio management.

This is not a purely desk-based listed-equity research role. Candidates must be comfortable investing in SME stocks,

participating in IPO and post-listing momentum opportunities, and spending substantial time sourcing transactions

and liaising with merchant bankers, investment banks and company promoters. Candidates who are unwilling to invest

in this part of the market or who prefer a research-only role are unlikely to be suitable.

Important role-fit clarification: This is not a conventional desk-based research role. A substantial part of the position involves

sourcing SME and pre-IPO transactions, maintaining relationships with merchant bankers and investment banks, negotiating

valuation and allocation terms, and making time-sensitive IPO participation decisions. Candidates uncomfortable with SME

equities, IPO momentum or transaction-oriented market liaison are unlikely to be suited to this role.

Role Overview

The Fund Manager will be accountable for investment performance across the complete lifecycle: sourcing, screening,

due diligence, transaction negotiation, Investment Committee recommendations, portfolio construction, trading,

monitoring and exit. The successful candidate must combine rigorous fundamental judgement with strong commercial

instincts and the ability to build trusted relationships across India's capital-markets ecosystem.

Key Responsibilities

1. Deal Sourcing and Capital-Markets Relationships

• Build and continuously expand a proprietary pipeline of SME IPO, Mainboard IPO anchor, pre-IPO and listed smallcap

opportunities.

• Maintain frequent, high-quality engagement with merchant bankers, investment banks, brokers, promoters,

lawyers, chartered accountants, company secretaries and sector specialists.

• Originate opportunities proactively rather than relying only on inbound investment decks or public-market screens.

• Negotiate entry valuation, allocation size, transaction structure, investor rights, lock-in considerations, timelines

and execution terms.

• Develop the judgement and credibility required to secure meaningful anchor or pre-IPO allocations in competitive

transactions.

• Track the IPO calendar, demand indicators, peer transactions, grey-market and secondary-market signals while

independently validating fundamentals.

2. SME, Pre-IPO and IPO Underwriting

• Evaluate promoter quality, governance, related-party transactions, auditor history, capital allocation and the

credibility of reported financials.

• Assess whether a business has sustainable growth, a defensible moat, consistent profitability, scalable unit

economics and the ability to outperform its industry.

• Analyse issue structure, use of proceeds, dilution, pre-IPO placements, offer-for-sale components, lock-ins,

liquidity and expected post-listing supply.

• Form a clear view on listing-day risk, short- to medium-term price discovery and the longer-term investment case.

• Reject transactions where governance, valuation, liquidity or execution risk is not adequately compensated,

irrespective of market momentum.

3. Fundamental Research and Primary Due Diligence

• Build integrated financial models, valuation frameworks and scenario analyses for prospective and existing

investments.

• Conduct management meetings, plant visits, customer and supplier checks, distributor interviews and

independent industry validation.

• Test management guidance, working-capital assumptions, cash conversion, related-party exposure and quality of

earnings.

• Prepare concise, decision-oriented Investment Committee papers with thesis, valuation, catalysts, downside

cases, governance assessment and exit triggers.

4. Portfolio Construction and Trading

• Construct and actively manage a high-conviction portfolio across listed equities, SME securities, IPO anchors, pre-

IPO investments and permitted equity-linked instruments.

• Determine position sizes based on conviction, liquidity, free float, lock-in, downside risk, governance and portfolio

concentration.

5. Risk, Governance and Compliance

• Apply heightened scrutiny to governance and liquidity risks inherent in SME and emerging-company investing.

• Ensure investments comply with fund mandates, internal limits, regulatory requirements and Investment

6. Investor Communication and Team Leadership

• Contribute to monthly factsheets, performance commentary, investor presentations, due-diligence questionnaires

and portfolio reviews.

Candidate Profile

Required Experience

• 15 - 20 years of relevant experience in Indian public equities, investment banking, merchant banking, PMS/AIF/fund

management, pre-IPO investing or institutional broking.

• Demonstrable experience in SME IPOs, Mainboard IPOs, pre-IPO transactions or emerging-company investing.

• A strong network among merchant bankers, investment banks, brokers, promoters and transaction advisers is

highly preferred.

Technical and Commercial Skills

• Advanced financial modelling, accounting analysis, valuation and portfolio analytics.

• Commercial negotiation and transaction structuring skills, including the confidence to negotiate directly with

bankers and promoters.

• Ability to make high-quality decisions under compressed IPO timelines and imperfect information.

• Excellent written Investment Committee communication and strong verbal presentation skills.

• Comfort with extensive travel, management meetings, plant visits, market networking and relationship-driven

sourcing.

Qualifications

• MBA (Finance), CFA, CA or equivalent qualification preferred; a strong investment track record and relevant

network may be considered equally important.

What Success Looks Like

• A differentiated and repeatable pipeline of proprietary SME-Midcap, pre-IPO and anchor opportunities.

• Clear evidence of valuation discipline, governance filtering and effective downside management.

• High-quality portfolio communication and strong collaboration with research, operations, compliance and

investor-relations teams.

Investment Philosophy

• Invest before institutional discovery, but never compromise on governance, diligence or valuation discipline.

• Focus primarily on businesses with market capitalisation of approximately INR 500 crore to INR 4,000 crore at

entry.

• Combine fundamental research with local networks, transaction access and capital-markets intelligence.

• Use IPO and post-listing momentum as an input to execution and portfolio management, not as a substitute for

underwriting.

• Preserve capital through disciplined sizing, active monitoring and timely exits while pursuing asymmetric upside.