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JM Financial's new ₹1,500 crore fund eyes pre-IPO bets

Mint Mumbai

|

February 19, 2026

JM Financial Asset Management has launched a ₹1,500-crore category II alternate investment fund (AIF) to invest in pre-IPO companies, according to a top executive at the firm.

- Rwit Ghosh

JM Financial's new ₹1,500 crore fund eyes pre-IPO bets

“Over the last five years, private equity investing in India has evolved across parameters including transparency, liquidity, price discovery and exit visibility. This bodes well for the pre-IPO segment,” Jaisinh Suchak, managing director-alternative investment funds at JM Financial Asset Management, told Mint. “This will be our flagship pre-IPO fund.”

The announcement comes when several startups in India’s ecosystem are maturing to the point that they can tap the public markets. Last year, several new age tech companies such as Groww, Pine Labs, Acqus and Meesho went public.

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