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PGIF is a private equity strategy investing in high-growth businesses at key inflection points across Growth, Late Stage/Pre-IPO, and PIPE opportunities, aiming to maximise IRR, preserve capital, and enhance liquidity. It applies Carnelian's MAGIC framework, supported by CLEAR Forensic and Quality & Growth disciplines, to identify companies with accelerating earnings, strong fundamentals, and high-quality management.

IGPF-II targets growth and late-stage, best-in-class privately owned companies — referred to as “SUPER 8 companies” — that demonstrate strong potential for value creation and successful exit. These companies are characterized by their scale, with revenues above ₹500 crore; a unique and defensible competitive edge; positive EBITDA indicating profitability; clear exit visibility through a potential IPO within 2 to 4 years; and attractive relative positioning, either through lower valuations compared to listed peers or higher growth trajectories.

The fund targets early-stage companies from Seed to Series A across Fintech, Consumer Tech, Deep Tech, and Defence sectors in India. It aims to build a portfolio of companies that have demonstrated product-market fit, deploying an average ticket size of INR 15–20 crore per investment and targeting a meaningful 10–20% ownership stake in each. The investment team combines experience with the broader ecosystem, bringing founder networks, institutional relationships, and platform support to every portfolio company.

The fund blends the proven Golden Decade Portfolio strategy with pre-IPO investment opportunities, allocating 70% to listed equities and 30% to high-quality unlisted pre-IPO companies. The listed portfolio is based on the E-QUAL framework and five structural growth themes, while the unlisted allocation targets emerging leaders, offering exposure to both established compounders and future market leaders.

The fund invests across listed (small to micro) and unlisted companies with a long-term, growth-oriented approach. It focuses on emerging structural growth themes such as Data Centres & AI, Defence, Semiconductors, Green Energy and Biotech, targeting high-growth opportunities positioned to drive India's next phase of economic expansion.

This fund follows a contra investing strategy focused mainly on mid- and small-cap stocks. It aims to generate alpha by identifying fundamentally strong but currently undervalued, mispriced or out-of-favour companies caused by market cycles, investor sentiment, or behavioural biases. The portfolio will be concentrated in 25–30 stocks across 4–7 high-conviction value opportunities, with the goal of benefiting from future valuation re-rating as market perceptions improve.

The fund is designed to leverage opportunities arising from 7 mega trends emerging across 5 sectors. The team believes in investing in “quality growth at a reasonable price” and in “risk diversification through forensic analysis”. A 25–30 stock portfolio (Quality Growth at Reasonable Price), benchmarked against the S&P BSE 500 Index.

It aims to take concentrated bets for the long term, following an altering balance in the aggressiveness-to-defensiveness continuum, which is attained through diversification of cash flow streams, the choice between predictable vs. growing cash flow streams, and cash calls.

A growth-driven investment fund designed to leverage India's entrepreneurial spirit by backing founder-led companies with significant growth potential. It follows a structured investment approach, prioritizing high-quality, high-growth businesses that align with India's economic trajectory. The fund focuses on companies with strong leadership, market leadership, and favourable sectoral trends, fostering long-term value creation.