Cat II · Managed by Mavenark Asset Managers
Tailored Capital Solutions for Ambitious Growth
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Mavenark Credit and Growth Fund (MCG Fund) is a SEBI-registered Category II Alternative Investment Fund (IN/AIF2/24-25/1699), registered on January 21, 2025, and managed by Mavenark Asset Managers Private Limited (CIN: U66190MH2023PTC402803), incorporated May 12, 2023. The fund is headquartered at FF-A-03, Art Guild House, Phoenix Market City, LBS Marg, Kurla West, Mumbai 400070. MCG Fund – Series 1 is described as a differentiated investment strategy focused on performing credit and high-potential equity, designed for investors with a moderate to aggressive risk profile. The fund aims to deliver both regular income and capital appreciation while supporting enterprises reshaping India's financial future. MavenArk operates as an integrated investment banking and asset management platform for SMEs and emerging businesses, with two arms: MavenArk Advisors Pvt. Ltd. (investment banking) and Mavenark Asset Managers Pvt. Ltd. (asset management). The firm's philosophy, articulated by its leadership including Awasthi, is to blend fixed-deposit-like income characteristics with equity upside — a 'hybrid' strategy within the Cat II mandate. PMS Bazaar confirms Sumit Jain (National Head – Products, ex-Axis Bank Burgundy, Klay Capital, Karvy Capital, Angel One) as a key team member. The firm has 7 employees as of April 2025.
Sumit Jain
National Head – Products
National Head – Products at Mavenark Asset Managers, with 17+ years of experience across Investment Advisory, Mutual Funds, Products, and Business Development. Previously VP (Mumbai City Head – Wealth Specialist) at Axis Bank Burgundy, and prior roles at ProAlpha Systematic Capital, HSBC Private Bank, and ICICI Prudential Mutual Fund. MBA from SP Jain Centre for Management, CFA Level 3 candidate.
Awasthi
Founder / CEO
Founder/CEO of MavenArk, quoted extensively in Hubbis (Nov 2025) on the MCG Fund strategy and the firm's hybrid AIF offering. Background in product development within financial services. Leads the firm's strategy of tailored, client-centric capital solutions for HNW, UHNW, and family office clients.
Sandeep Nag
Co-founder
TOGAF-certified Enterprise Architect, AWS GenAI-certified specialist
Sandeep brings 25 years of technology leadership across fintech, telecom, and enterprise platforms. A TOGAF-certified Enterprise Architect and AWS GenAI-certified specialist, he has played a pivotal role in 5G deployment across India and Southeast Asia. His career spans global tech conglomerates, where he led transformative programs in AI, IoT, and mobile payments. At MavenArk, Sandeep blends deep-tech capability with financial innovation, enabling the firm to build scalable, future-ready platforms that connect capital markets with cutting-edge technology.
Phanisekhar Ponangi
Co-founder
Phani is a seasoned asset manager with over 20 years of experience spanning debt, equity, and hybrid structures. He is best known for launching India's first debt-focused PMS, disrupting a space traditionally dominated by equity strategies. His expertise lies in building investment products that combine consistency of performance with structural innovation. At Mavenark, Phani leads multi-asset class investments, portfolio design, credit strategy, and product development, bringing a deep understanding of both public and private markets.
No insights published yet.
Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. Wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
Pallavi Ghosh
Co-founder
Pallavi brings over two decades of investment banking experience across credit, equity, and alternative asset classes. Her career is marked by extensive work in structured finance, where she has led complex syndication deals across sectors and investor types. Known for her strategic insight and deal-making agility, she plays a central role in shaping Mavenark's transaction architecture and client engagement model. Her ability to navigate both traditional and alternative capital markets gives the firm an edge in building solutions that are tailored, scalable, and aligned with long-term value creation.
See every PMS strategy and AIF from Mavenark Asset Managers.