The Private Equity arm of Mumbai-based ValueQuest, Quest4Value Investment Managers LLP has announced the first close of its S.C.A.L.E. Fund II, signalling strong investor interest. The fund aims to back scalable, high-growth businesses with a long-term Value investing approach.

Building on the successful execution of maiden fund – ValueQuest SCALE Fund (INR 1,350 Crs AUM), which is now substantially deployed – ValueQuest S.C.A.L.E. Fund II continues to focus on partnering with high-growth, scalable businesses at inflexion points.

From Consumption to Energy Transition, Healthcare to Tech, Niche Manufacturing to BFSI, their sector-agnostic, thesis-led approach has helped build a differentiated platform for long-term value creation. The fund also follows a balanced approach, balancing returns with liquidity.   

ValueQuest S.C.A.L.E. Fund II reflects our conviction, our discipline, and the trust our investors place in us. The journey ahead is exciting and this is just the beginning, ValueQuest Investment Advisors Noted. 

Mr. Ravi Dharamshi, CIO & Founder, said, our private equity journey began with a simple belief — India is rich with high-potential businesses at strategic inflexion points. SCALE Fund I validated that thesis through disciplined capital deployment and strong outcomes. SCALE Fund II builds on that foundation, driven by deep sector insight and operational rigour. The first close reflects investor confidence in our differentiated strategy and execution strength.

Mr. Pushkar Jauhari, MD & Head – Private Equity, ValueQuest, Said, Over the past two years, we’ve built a strong foundation in private equity and executed SCALE Fund with high-quality portfolio companies. We have made 14 investments and experienced 5 successful IPO listings in the portfolio. Fund I has successfully demonstrated our core philosophy of balancing attractive returns with liquidity. We are delighted that our portfolio is tracking above our target IRR. We are well-positioned to build on this foundation with the launch of our second series as well as new funds. The commitments received at this early stage reflect the confidence of investors place in our ability. We look forward to the next phase of our journey, with deep gratitude and with focus on sustained value creation.