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JM Financial India Pre-IPO Fund was launched with a target corpus of Rs 1,500 crore and a green shoe option of up to Rs 1,000 crore. The fund has received commitments from a range of investors, including ultra-high-net-worth individuals (UHNIs), family offices and institutional investors. "The fund remains sector-agnostic and will invest across all stages, with a primary focus on identifying businesses with strong fundamentals, scalable business models and attractive growth prospects," JM Financial Asset Management said in a statement. This launch marks the entry of JM Financial Asset Management's AIF division into the growing pre-IPO investment segment. The fund is expected to begin deploying capital soon. Commenting on the first close, Vishal Kampani, Vice Chairman & Managing Director, JM Financial Ltd, said, "The commitments we received at first close underline investors' growing confidence in backing companies with strong fundamentals in the pre-IPO stage. Alternative investment funds have transformed into an important avenue for wealth creation, and the pre-IPO segment is emerging as one of the increasingly important trajectories." The company will continue to identify opportunities where it can participate ahead of a company's transition to the public markets, he added. As of July 2026, JM Financial Asset Management had assets under management (AUM) worth Rs 14,081 crore. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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