Regular Members
Aadhyanta Fund Management is a PEVC-licensed fund manager from the Securities Board of Nepal under the Specialized Investment Fund Regulation 2075. Aadhyanta is establishing a nurturing ecosystem through a transformative approach to capital mobilization. The firm plans to accelerate Nepal’s transition to middle-income status by making investments accessible and engaging enterprises organically through the empowerment of entrepreneurs and enterprises with investment, intelligence, and integrative alliances enabling them to lead innovation.
Established in 2021, Alpha Plus Ventures Limited is a SIF Licensed firm with the objective of identifying undervalued private investments with strong potential, providing operational and financial structures to elevate the profitability and growth of these companies, and bringing the investments to the public market for capital infusion once mature. The firm targets investments in high-growth companies, value companies, as well as distressed companies that can be restructured.
Avasar Equity Limited is a Private Equity/Venture Capital Fund Manager licensed by the Securities Board of Nepal (SEBON). The company is promoted by Siddhartha Bank, Sanima Bank, Kumari Bank, Nepal Bank, prominent personalities from diverse business sectors of Nepal, and highly experienced professionals. Avasar Equity supports the long-term success of investee companies operating in various industries by connecting them to an array of resources and is driven by the commitment to help investee companies achieve their maximum potential.
Business Oxygen (BO2) is a fund with a climate focus. The investors of the fund are the International Finance Corporation (IFC) of the World Bank Group, FCDO, the Climate Investment Funds, and WLC Ventures. It provides risk capital to Small and Medium Enterprises (SMEs) and assists entrepreneurs in building their capacity and their enterprise through structured equity and quasi-equity investments. It specializes in providing investments and expertise to the missing middle (SMEs) that cannot access finance from BFIs due to a lack of collateral. BO2 invests in businesses that are ready to scale up their operations and incorporate ESG measures.
Cweda Equity Fund Limited (CEF) is a company incorporated in Nepal as a limited company in 2021 as per Nepal’s Company Act of 2006.
It is an institutional private equity fund manager in Nepal, currently promoted by Cweda Investment Pvt. Ltd. and a few individuals. The Company is currently in the process of acquiring a Fund Management license from the Securities Board of Nepal (SEBON) – Government of Nepal. It has already received an LOI from SEBON.
It plans to float its first fund scheme as the Cweda Impact Fund of NPR 2 Bn upon obtaining an operating license as a private equity fund manager.
Dolma Advisors provides capital and expertise to growth companies in Nepal. The fund is designed to generate sustainable private-sector employment and stimulate further Foreign Direct Investment into Nepal. Dolma invests as a strategic partner, sharing risk with entrepreneurs and promoters. As an impact fund, Dolma builds positive social and environmental impact into the core of investee company strategies.
Global Equity Fund Private Limited (GEF) is an institutional private equity and venture capital fund promoted by Laxmi Bank; Prime Life Insurance; Everest Insurance and Laxmi Corp. It received a ‘Fund Management License’ from the Securities Board of Nepal (SEBON) under Specialized Investment Fund Regulation 2075 and was among the first PE/VC Fund in Nepal to receive the approval. It is a sector-agnostic impact fund that provides capital to small and medium-sized enterprises that are at an early stage, of expansion, and growth stage. It is in the process of launching Laxmi Impact Growth Fund I with a fund size of NPR 2 Billion, which aims to invest in 8 -10 mid-caps SMEs facing issues of scaling up and expansion, lack of technical knowledge, and assistance in helping to grow business, professionalization – environmental, social & governance (ESG), and shareholder transition or management succession.
Kriti Venture Fund Ltd is a venture capital/private equity promoted by Machhapuchchhre Capital Limited, Shikhar Insurance Company Limited, and Team Ventures Private Limited, along with other prominent individual investors. Having a paid-up capital of NPR 35 crores, it plans to raise its paid-up capital to 50 crores in the near future to increase its investment in productive sectors.
It has its objectives to invest in fintech, energy/infra, manufacturing, health, education, tourism, agriculture, and other productive sectors for building a long term value asset. Currently, it has five investments diversified into agriculture, real estate, after-sales automobile, and hydropower industry. And has plans to make a public offering of its shares.
Laxmi Sunrise Capital Limited (LS Capital), a wholly owned subsidiary of Laxmi Sunrise Bank Limited, unified from the merger of Laxmi Capital and Sunrise Capital, possesses a strong foundation in merchant/investment banking. As a licensed merchant banker, LS Capital provides a wide range of merchant/investment banking activities. With over 30 years of invaluable experience to the diverse financial services offered by the merged entity LS Capital is one of the most prominent Merchant/Investment Bank in Nepal. LS Capital is a signatory to the Operating Principles for Impact Management (Impact Principles), a global initiative aimed at introducing more rigor, transparency, and credibility to the impact investing arena.
LS Capital has obtained the license from SEBON to function as a Fund Manager for Private Equity and Venture Capital (PE/VC) funds under the Specialized Investment Fund Regulation 2019. LS Capital has successfully launched its inaugural private equity fund – Laxmi Sustainable Energy Fund, with a size of NPR 1 Billion, which is presently active. With a strategic decision to develop and manage funds that deliver a positive social impact while achieving competitive market returns, this fund will concentrate on investments in the sustainable energy sector, covering hydroelectricity, solar, and wind energy.
Nabil Investment Banking Ltd. is a Subsidiary Company of Nabil Bank Ltd. with CG Finco Pvt. Ltd. as its Institutional Shareholder. Nabil Investment Banking Ltd. obtained the fund manager license from the Securities Board of Nepal under the Specialized Investment Fund Regulation 2075.
As a licensed institution to conduct private equity operations, their expertise and efforts will largely be directed toward helping MSMEs transition to investment-ready companies for private equity funds. The services that they will readily facilitate to help identify MSMEs as investment-ready for their private equity division will encapsulate business valuation services, pitch deck preparations, and equity raising.
National Fund Management Limited (National Fund) is a licensed specialized fund manager regulated by the Securities Board of Nepal. Our areas of expertise encompass various fields such as private equity, venture capital, hedge funds, capital markets, and distressed asset management. National Fund operates under a unique public-private partnership (PPP) model, with the Employees Provident Fund, Nepal holding a leading stake. Prominent entities such as Sanima Bank Limited, Himalayan Bank Limited, Machhapuchchhre Bank Limited, Agricultural Development Bank Limited, Nepal Door Sanchar Company Limited, Kamana Sewa Bikas Bank Limited, NRN Infrastructure and Development Limited, and distinguished individuals including NRNs from diverse backgrounds have played a pivotal role in promoting National Fund.
Established in 2011, NIMB Ace Capital aims to provide exceptional and customized financial services ranging from merchant banking, advisory, and asset management services to depository participants with the purpose of helping clients plan and realize their financial goals with a well-conceived balance of risk and return.
Recently, the company has also obtained the license for venture capital investments in Nepal, and as such we are confident that NIMB Ace Capital Limited will play a significant role in the development of the enterprising ecosystem in the country.
NIC ASIA Capital Limited, established in May 2016 is a wholly owned subsidiary of NIC ASIA Bank Limited and has been in operation for more than six years and has been extending its businesses and expertise in the fields of Mutual Funds, Portfolio Management Services, Corporate Advisory, Depository Participant, Issue Management, Registrar to Share and Underwriting.
The company has also been recently awarded the license under the Specialized Investment Fund Rules, 2075 to operate Private Equity/Venture Capital (PE/VC) funds in Nepal.
NMB Capital Limited (NMBCL) is a subsidiary of NMB Bank Limited, specializing in merchant and investment banking. Established on September 17, 2010, NMBCL offers a range of services including managing public offerings and underwriting securities, providing trusteeship services for bonds and debentures, and offering ancillary services for stock administration to issuing companies.
The company has obtained a license under the Specialized Investment Fund Rules, 2075 to operate Private Equity/Venture Capital (PE/VC) funds in Nepal. This exciting development allows us to welcome the company as our newest member!
One to Watch (OTW) is an investment management company based in Nepal for the last five years. OTW works with small and medium-sized companies focusing on basic needs – food, infrastructure, and health care, companies that create impact as well as profits. Supporting and investing in the next generation of entrepreneurs who are leading commercially viable and impactful businesses that are actively solving problems and creating jobs in the local communities, OTW aims to close the “missing middle” finance and business support gap for entrepreneurs.
Prabhu Capital is a leading merchant banking company in Nepal and has been serving its clients with innovative and modern merchant Banking services. Prabhu Capital obtained the merchant Banking license from the Securities Board of Nepal (SEBON) on September 9, 2010, since which the firm has been providing various merchant banking services namely Depository Participant (DP), Issue Management, Underwriting, Portfolio Management Services, Registrar to the Share (RTS) Services in addition to acting as a Mutual Fund Manager. The company also obtained a license for venture capital investments in Nepal in September 2022.
Reliable Venture Capital Limited is a SIF-licensed venture capital firm promoted by leading Institutions, renowned Industrialists, and eminent professionals from Banking, Insurance, and other sectors. Reliable Venture Capital Limited is a public limited company registered as per the Companies Act of Nepal in 2078 BS. Reliable Venture Capital’s objective is to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work.
Seed Investments is a fact-driven investment management firm dedicated to enhancing client investments. Their focus lies in scalable businesses offering products and services that meet customer needs. They emphasize the importance of information and data in making successful investments and, thus, they are enhancing their research capabilities and advisory support on both the buy-side and sell-side. They offer various investment options across sectors and risk levels, from multi-asset opportunities to growth equity portfolios.
Team Ventures invests in private and public companies/institutions to promote entrepreneurship and foster institutional development by injecting equity capital & by providing strategic assistance in the managerial & governance level of the investee company to scale up and expand their business operations. Utilizing a unique combination of analytic strategies and ground-based resources, Team Ventures’ portfolio consists of investments in multiple business sectors.
True North Associates (TNA) is an investment firm that aims to contribute to the development of the private sector in Nepal by investing in growth-stage companies with sector-disruptive business models. TNA has positioned itself as the only domestic permanent capital vehicle with a PE/VC investment philosophy and the flexibility to uniquely structure each deal according to time horizon & exit options. Apart from contributing to building & shaping the entrepreneurial ecosystem in Nepal, TNA has developed a pipeline of investment targets which are now beginning to convert.
Associate Members
Bashistha Associates is a rapidly expanding firm based in Nepal, specializing in accounting and advisory services. With a formidable presence in the Nepalese market, the company prides itself on facilitating access to a diverse pool of both local and expatriate professionals. One of the company’s key strengths lies in its expertise in International Financial Reporting Standards (IFRS) advisory services, along with providing comprehensive training on IFRS and Nepal Financial Reporting Standards (NFRS). Additionally, Bashistha Associates excels in the domains of financial management, controls, and governance, making it a premier choice for financial and business consultation in the region.
Neupane Law Associates provides legal services specializing in areas of banking, project finance, dispute resolution, foreign investment, M&A, joint ventures, and cross-border transactions. In the last 35 years, the council has served clients in key business sectors such as aviation, financial services, private equity, hospitality, manufacturing, infrastructure, energy, and technology.
A law firm based in Kathmandu, Pioneer Law Associates (PLA) specializes in the field of commercial law and as such, has been advising local and international clients for the past 3 decades. Founded in 1982, the firm has advised both onshore (with or without foreign investment) and offshore funds, in their establishment and operation of private equity and investment funds especially dedicated to providing growth capital to small and medium enterprises, and sector-focused funds for sectors such as hydropower. Pioneer Law has also been part of the legal reform project intended to identify the barriers to private equity funds and simplify the entry, operation, and exit of such funds.
The team has specializations in various sectors, forming separate litigation, intellectual property, commercial law, legal consultation, and drafting departments.
PKF T R Upadhya & Co. is a partnership firm registered with the Institute of Chartered Accountants of Nepal providing the highest levels of service and technical expertise from experts within the firm, Nepal, and other PKF Member firms across all areas of assurance, taxation, advisory and business solutions.
PKF T R Upadhya & Co. is a member firm of PKF International, a network of legally independent firms with a presence in 440 locations in over 150 countries.
Established as an associate firm of Reliance Law Firm, Reliance Corporate Advisors (RCA) is a leading professional services firm in Nepal. RCA offers an assortment of corporate advisory services through the synergistic efforts of Corporate Lawyers, Chartered Accountants, and other industry experts. With extensive expertise in the intricacies of investments, both foreign and domestic, tax regimes, corporate restructuring, and regulatory compliances, RCA yearns to “Simplify your business.”
SAR Associates | Chartered Accountants provides a comprehensive range of professional services, including assurance, advisory, IFRS/NFRS convergence, regulatory consulting, restructuring, valuations, IT system audit, accounting, corporate support, management consulting, tax consulting, and start-up support. Based in Kathmandu, Nepal, the firm has extensive experience serving multinational companies, international NGOs, bilateral and multilateral agencies, government entities, and private sector clients. It has successfully assisted organizations in establishing a presence in Nepal.
Vidhi Legal Concern is a full-service corporate, commercial law firm, with partners having first-hand experience in diverse legal matters. Committed to excellence and innovative thinking, the firm provides a pragmatic and tailored advisory approach to helping clients gain a competitive advantage. The council has assisted various PEVC companies in Nepal in regular, legal, and compliance matters aiding them with the legal sides of deal-making and project implementation.