The newly incorporated firm in Guernsey, Channel Islands plans to list its shares on AIM, which is part of the London Stock Exchange, on June 9. It would seek registration in Guernsey as a closed ended investment entity.
The objective of the company is to generate long-term capital growth for its shareholders through diversified exposure to an actively managed portfolio of investments into companies engaged in the Indian power and energy sector value chain.
The company would target predominantly unlisted companies with strong growth prospects and experienced management teams that require capital for growth, KSK Emerging India Energy Fund said in a regulatory filing, which is mandatory prior to the listing.
It would mainly target investment in growth capital companies such as those engaged in manufacture of equipment, providers of engineering, design and construction services.
In addition, the firm would look for stable cash flow businesses like special purpose vehicles engaged in implementing, funding, owning, operating and maintaining specific upstream and midstream assets.
According to the filing, the size of the firms' investments would range from $5 million to $75 million. No single investment (or investment in a group of entities with the same, or substantially the same owners) will exceed 20 per cent of the net asset value at the time the investment.
