Vishal Kampani, Vice-Chairman and Managing Director of JM Financial Ltd,
| Photo Credit:
cueapi
JM Financial Asset Management Ltd on Thursday launched its first pre-IPO Alternative Investment Fund under Category II, with a target corpus of ₹1,500 crore. The fund received approval from the Securities and Exchange Board of India and marks the firm’s formal entry into the pre-IPO investment segment.
The fund will target companies expected to go public within 18 months. It will be managed by Jaisinh Suchak, Managing Director of Alternative Investment Funds at JM Financial Asset Management, who has over 23 years of experience in financial services and more than a decade of buy-side investment expertise.
The launch is part of JM Financial’s broader strategy to build out its AIF platform across credit, real estate and pre-IPO opportunities. The firm said it intends to leverage its equity capital market capabilities to identify and evaluate potential investee companies ahead of their public listings.
Vishal Kampani, Vice-Chairman and Managing Director of JM Financial Ltd, pointed to the scale of India’s AIF industry as context for the move — citing over 1,600 registered AIFs and total commitments of ₹15.05 lakh crore as of September 2025.
JM Financial Asset Management’s mutual fund business reported assets under management of ₹13,342.43 crore as of January 31, 2026, servicing approximately 8.89 lakh investor folios through a network spanning 26 locations and over 29,500 distribution partners.
The parent group, JM Financial Ltd., reported a consolidated loan AUM of approximately ₹9760 crore and wealth management AUM of roughly ₹1.16 lakh crore as of December 31, 2025. The group operates across 938 locations in 230 cities and is listed on the BSE and NSE.
Published on February 19, 2026
