Hamsa Asset Management

Making Renewable Energy Accessible

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

TIMEFRAME & FEES

Deployment period of 36 months
Fund length of 10 + 2 years
2% Management Fee, 20% Carried interest with an IRR Hurdle of 12%

FUND SIZE & MINIMUMS

First close and minimum size is INR 20Cr. Our target size is INR 50Cr
There is Green-Shoe option of an additional INR 20Cr
Minimum Investment is INR 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 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.

Asset Management – Distributed Energy

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

As an asset 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 (subject to SEBI approval)	Launch: Dec 1, 2020; First Close: Nov 30, 2021; Final Close: May 31, 2022
Initial Investment Period	12-18 months following launch
Instrument	Units in Solar Commercial & Industrial Investments Scheme I of Hamsa AIF Category II
Fund size	First close and minimum size is INR 20 Cr. Our target size is INR 50 Crr
Fund Tenure	10+2 years
Fee Structure	2% Management fee; 20% Capital interest past Hurdle rate of 12% XIRR p.a. (includes catch up of pre-hurdle)
Indicative IRR	Target 15% IRR for investor over 10 years. All opportunities evaluated to deliver an unleveraged Project IRR > 16%
Fund Auditor	M.C. Ranganathan & Co (Proposed)
Fund Trustee	Amicorp Trustee (India) Pvt Ltd
Investment Manager	Hamsa Asset Management Pvt Ltd
Reinvestment Policy	Exit proceeds if any reinvested for 4 years following Final Closing
Cash Distribution Policy	Beginning 2 years after the Final Closing. All net proceeds related to returns and surplus will be distributer pro-rata to Investors in order: Capital, Hurdle rate, Carried interest. Distribution subject to Investment Manager discretion
NAV Policy	Proposed to be reported quarterly subject to regulatory requirements

Alternative Investment Fund (AIF)