Alchemy Capital Management has announced the launch of Alchemy Long Term Ventures Fund – Series 3, a Category III Alternative Investment Fund (AIF) aimed at investors seeking long-term exposure to India’s structural growth themes.

The fund is a close-ended vehicle with a four-year tenure, extendable by one year, and requires a minimum investment of ₹1 crore. It will be deployed in four tranches of 25% each, with the flexibility to allocate up to 35% of the corpus to private investments.

The fund focuses on Emerging Growth Sectors

The sector-agnostic fund will primarily invest in small-cap and mid-cycle growth companies, spanning both listed and select private opportunities. Key focus areas include artificial intelligence, data centres, defence and aerospace, green mobility, semiconductors, manufacturing, healthcare, and biotechnology, these sectors expected to benefit from India’s evolving economic and geopolitical landscape.

The fund follows Alchemy Capital’s established ‘Growth at Reasonable Price (GARP)’ investment philosophy, targeting businesses with strong fundamentals, scalable models, and clear growth visibility. The strategy is designed to identify companies at critical growth inflection points, offering potential for long-term value creation.

The fund will be managed by Hiren Ved, Co-Founder, Director, and Chief Investment Officer at Alchemy Capital Management. Commenting on the launch, Ved highlighted the fund’s objective of providing growth capital to capable entrepreneurs building next-generation businesses aligned with India’s structural transformation.