Hamsa Asset Management

Making Renewable Energy Accessible

This is a unique opportunity to invest in India’s first Renewable Energy AIF with target 15% Equity IRR
to investors (pre-tax) over 10 years and have an impact in accelerating deployment of solar assets across
commercial and industrial sectors.

TIME FRAME & FEES

Fund length of 10 + 2 years
Investment period of 60 months from Final Close
2% Management Fee
20% Carry (with catch- up) with an IRR Hurdle of 12%

FUND SIZE & MINIMUMS

First close is 18 months from launch with minimum size: ₹20Cr; Final Close is 36 months from launch with target size: ₹50Cr. There is Green-shoe option of an additional ₹20Cr
Minimum investment is ₹1Cr to participate

TARGET RETURNS

All opportunities evaluated to deliver an unleveraged Project IRR > 16%
We also plan to leverage the portfolio for an overall Project IRR > 19%

INVESTMENT OPPORTUNITY

We utilize our expertise, network, and technology to filter through the noise.

Transforming the energy landscape calls for a multi-faceted approach to unlocking capital. We do that by resolving barriers and creating the ideal conditions for investments. We provide our Investors a hassle-free approach to invest in renewable energy projects. Given the market dynamics and cost of solar, this is an ideal time to tap into the opportunity of solar asset investing for the masses.

Healthy Return Potential

The AIF has been structured to provide annualized equity returns greater than 15%. The hurdle rate has been set to 12%

Tangible Asset Ownership

Our hard assets will give you another layer of reassurance. We also use insurance, contracts and other risk mitigation mechanisms to secure the investment

Experienced Team

Our team draws on a wide and deep range of experience not only in the energy sector, but also as investors across various emerging markets

Why Renewable Energy AIF?

Renewable energy offers a non-cyclical investment opportunity that doesn’t have the ups and
downs of the economic cycles.

It offers an annuity style return to diversify your portfolio.

Infrastructure Manager – Distributed Energy

Distributed Energy is a venture-backed development and aggregation platform that connects renewable projects with funders. They will be the Infrastructure Manager for this fund.

As the Infrastructure Manager they have experience with Commercial and Industrial Solar. They will prioritise the deployment of this fund above any other.

TERMS OF INVESTMENT

Parameter	Terms
Minimum Participation	INR 1 Crore (Including under Joint Names) / ±USD 140,000
Timeline	Launch: Jul 02, 2021; First Close: Jan 01, 2023; Final Close: Jul 01, 2024
Initial Investment Period	60 months from the date of Final Close
Instrument	Units in Hamsa Solar Fund I
Fund size	First close and minimum size is INR 20Cr. Our target size is INR 50Cr
Fund Tenure	10+2 years
Fee Structure	2% Management fee; 20% Carried interest past Hurdle rate of 12% XIRR p.a. (includes catch up of pre-hurdle)
Indicative IRR	Target 15% Equity IRR for investor (pre-tax) over 10 years. All opportunities evaluated to deliver an unleveraged Project IRR > 16%
Fund Auditor	Shah Jain & Co LLP (Proposed)
Fund Trustee	Amicorp Trustees (India) Pvt Ltd
Investment Manager	Hamsa Asset Management Pvt Ltd
Reinvestment Policy	Exit proceeds if any reinvested for 5 years following Final Close
Cash Distribution Policy	Beginning 3 years after the Final Close. All net proceeds related to returns and surplus will be distributed pro-rata to Investors in order: Capital, Hurdle rate, Carried interest, Surplus. Distribution subject to Investment Manager discretion.
NAV Policy	Proposed to be reported half-yearly subject to regulatory requirements

Alternative Investment Fund (AIF)