JM Financial launches ₹1,500 crore Pre-IPO AIF, targets companies listing within 18 months

• JM Financial Asset Management introduces its first ₹1,500 crore Category II Pre-IPO Alternative Investment Fund (AIF).
• The fund received approval from SEBI, expanding JM Financial's alternative investment platform into pre-listing opportunities.
• It will invest in companies anticipated to list within 18 months, operating under the Category II AIF framework.
• Jaisinh Suchak, Managing Director – Alternative Investment Funds, with over two decades of experience, will manage the fund.
• This launch aligns with India's growing private markets and the significant expansion of the AIF industry.