Nakshatra Special Situation Fund — Nakshatra AIF | Wisefolio

Nakshatra Special Situation Fund

Cat I · Managed by Nakshatra AIF

Transforming Stress Into Value.

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Nakshatra Special Situation Fund is a SEBI-registered Category I Alternative Investment Fund (reg. IN/AIF1/23-24/1295), registered in June 2023 and managed by Nakshatra Alternative Investments Private Limited (CIN: U70200MH2024PTC419914, incorporated February 23, 2024) — the investment management subsidiary of Nakshatra Asset Ventures Limited (CIN: U74900MH2013PLC246444, formerly Nakshatra Corporate Advisors Limited), a public limited company listed on the BSE SME platform. The Sponsor of the fund is Nakshatra Asset Ventures Limited (NAVL), a Nagpur-based stressed asset resolution and corporate advisory firm that also sponsors a second AIF: Nakshatra Stressed Assets Fund (Cat II, IN/AIF2/22-23/1046). The Special Situation Fund is a Category I AIF with a corpus of ₹100 crore, focused on the acquisition of stressed assets — non-performing loans, NPL portfolios, distressed debt, and special situations arising from insolvency and bankruptcy proceedings. The SEBI-registered address is at Ho. No. 1016/Pl. No. 377, Flat No. Nakshatra-3rd Floor, Gandhi Nagar, Ambazari Road, Shankar Nagar, Nagpur 440010 — NAVL's own building. Neeraja Kartik is the SEBI-designated contact person.

Investment philosophy

Nakshatra's investment philosophy is rooted in the growing stressed asset resolution ecosystem emerging from India's Insolvency and Bankruptcy Code (IBC) framework. NAVL, as sponsor, brings a team of insolvency professionals operating through Nakshatra Insolvency Resolution Professional Limited (IPE) — offering services from restructuring procedures to liquidation under IBC. The Special Situation Fund targets: acquisition of stressed assets from banks and ARCs, providing liquidity solutions to sellers while generating value through operational and financial restructuring. The sister Cat II fund (Nakshatra Stressed Assets Fund) focuses on growth-stage and unlisted companies with scaling challenges — deployed across two schemes including Nakshatra Bharat Vantage Fund (₹500 crore, launched August 2024). Together, the two AIF vehicles form a comprehensive stressed-asset-to-growth-capital investment platform for eligible investors.

Team8

Rajender Saini

Fund manager

Investment Manager

CFA Level III candidate, NISM XIX-C Fund Manager Certification

5+ years experience in fund management for SMEs and MSMEs. Specializes in value investing, derivatives, and private markets. CFA Level III candidate (Level II cleared in 2023). Holds SEBI-mandated NISM XIX-C Fund Manager Certification.

Neeraja Kartik

SEBI Contact Person / Director

Neeraja Kartik is the SEBI-designated contact person for Nakshatra Special Situation Fund at Nakshatra Alternative Investments Private Limited, Nagpur. She is also a Director of Kyora Mettaliks Private Limited (CIN: U51100MH2017PTC296452), a metals wholesaler, suggesting she is part of the Nakshatra Group's broader network.

Vijaykumar Shubhakaran Agrawal

Promoter & Managing Director, Nakshatra Asset Ventures Limited

Vijaykumar Shubhakaran Agrawal is a promoter and board member of Nakshatra Asset Ventures Limited. The Agrawal family (Vijaykumar and his son Ajay Vijaykumar Agrawal) lead the Nakshatra Group's stressed asset, advisory, and legal services businesses.

Ajay Vijaykumar Agrawal

Founder

CA, MBA, M.Com, certified Insolvency Professional

25+ years in Corporate Finance, Debt Syndication, Turnaround Management. All India Rank holder (AIR 28, CA Final 1998). MBA, M.Com, certified Insolvency Professional. Specializes in stressed asset resolution, MSME revival, M&A, and fundraising.

CA Amar Agrawal

Founder

CA, MBA, M.Com, certified Insolvency Professional, Forensic Accounting specialization

23+ years in strategic planning, audits, tax consulting, project financing. All India Rank holder (AIR 23, CA Final 1998). MBA, M.Com, certified Insolvency Professional with a specialization in Forensic Accounting. Expertise in corporate debt restructuring, MSME turnaround, and AIF structuring.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/23-24/1295

RegisteredJun 2023 (3 years ago)

Valid untilPerpetual

Contact personNeeraja Kartik

Address3RD FLOOR, PLOT NO. 377, NAKSHATRA, GANDHI NAGAR, NAGPUR, Nagpur, Maharashtra, 440010

Investment manager

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Disclaimer

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