Equitree Emerging Opportunities Fund (GIFT IFSC Category III AIF)

Equitree Emerging Opportunities Fund, in USD.

IFSC vehicle for NRIs, family offices and global institutions seeking USD exposure to Indian small-caps. Three commitment classes, 1.5% management, 6% USD hurdle, no GP catch-up.

Minimum: $250K
Currency: USD
Hurdle: 6% p.a.
Crystallisation: 2× NAV

Your scenario

Commitment size (USD)Min $250K · Class B

Assumed annual return (gross, USD, illustration)18% USD

Investment horizon7 years

Net final NAV

$1.28M

After 7 years, all fees charged.

Net CAGR (p.a.)

14.4%

Gross was 18.0% · drag 3.6%

Multiple on capital

2.57×

Final $1.28M / Committed $500K

Total fees paid

$208K

19.1% of gross gains

Capital committed: $500K
Gross final NAV: $1.59M
Mgmt + ops fees: $100K
Performance fees: $108K

Fee structure by share class

Share class	Mgmt	Perf	Hurdle
Class AUSD 250k – 500k	1.5%	20%	6%
Class BUSD 500k – 1m	1.5%	18%	6%
Class CUSD 1m+	1.5%	15%	6%

Operating expenses

~15–20 bps p.a. on actuals

Crystallisation

2× NAV · or redemption, whichever earlier

How carry crystallises

Carry applies only to profit above the higher of HWM or the compounded hurdle. After the first crystallisation, HWM resets and the next trigger is 2× of the new HWM.

NAV with and without fees

USD ($K)

Net NAV
Gross (no fees)
HWM
6% Hurdle

Annual fees breakdown

USD ($K)

Management
Operating
Performance

03YEAR BY YEAR

Year-by-year cash flows.

Select a year to see its cash flow and how the performance fee test worked out.

Start NAV	Mgmt	Ops	Growth	Hurdle	Perf fee	End NAV	HWM
$500K	$8,037	$938	$89K	$530K	–	$580K	$500K
$580K	$9,325	$1,088	$103K	$562K	–	$673K	$500K
$673K	$10,821	$1,262	$120K	$596K	–	$781K	$500K
$781K	$12,557	$1,465	$139K	$631K	–	$907K	$500K
$907K	$14,571	$1,700	$162K	$669K	$69K @ 18%	$983K	$983K
$983K	$15,800	$1,843	$175K	$1.04M	–	$1.14M	$983K
$1.14M	$18,334	$2,139	$203K	$1.10M	–	$1.32M	$983K
$1.32M	–	–	$0K	$1.10M	$39K @ 18%	$1.28M	$1.28M

04RECAP

In one paragraph.

Committing $500,000 as Class B (USD 500k – 1m) for 7 years, assuming a gross USD return of 18% p.a., you pay 1.5% in management plus ~17.5 bps in operating expenses, and 18% performance only above the 6% USD hurdle. Without fees, the NAV would reach $1,592,737 (18.0% gross CAGR). After all fees, you end with $1,284,185 (14.4% net CAGR), a multiple of 2.57×.

Performance fees are payable at 2× of the initial NAV or upon redemption, whichever is earlier, subject to clearing the 6% compounded hurdle, no GP catch-up. In this run, crystallisation occurred in Y5, Redemption (Y7).

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KEEP EXPLORING

GIFT City AIF

Structure, share classes and regulatory status of the fund.

Regulatory disclosures

IFSCA registration details and fund documents.

Equitree PMS

Resident investor? Model the INR PMS fees.

Request the PPM

Ask our GIFT City team for the Private Placement Memorandum.

Disclosure

This is an illustration, not a forecast, an offer or investment advice. The return you enter is an assumption you have chosen; it is not Equitree Capital's estimate, and no return is promised. The Fund is registered with IFSCA as a Restricted Scheme (Non-Retail) Category III AIF. PPM filing is for record purposes only and does not imply Authority approval. Investments involve significant risks, including possible loss of capital. This simulator is illustrative, USD-denominated, and pre-tax. Refer to the PPM and Contribution Agreement for definitive fee mechanics and distribution waterfall.