TrustLine Holdings Announces Final Close of Intrinsic Deep Alpha AIF‑II
On 1 August 2026, TrustLine Holdings, a leading equity research and asset management firm based in Mumbai, issued a press release confirming the successful final close of its second Alternative Investment Fund, Intrinsic Deep Alpha AIF‑II. The fund secured total commitments of INR 260 crore, exceeding the internal target set at the fund’s inception.
The AIF is classified as a Category III vehicle under SEBI’s AIF Regulations, 2012, and is designed to invest predominantly in the micro‑ and small‑cap segment of the Indian equity market, specifically companies with market capitalisations below ₹2,000 crore. The investment mandate emphasizes early‑stage, listed‑equity exposure that mirrors private‑equity style investing.
Key structural features of the fund include a minimum investment size of ₹1 crore, a closed‑ended tenure of six years from the first close, and an optional extension of up to two additional years as permitted by SEBI regulations.
Investor composition was highlighted as a strength: more than 90 % of the commitments originated from existing investors who occupy C‑level leadership positions in their respective organisations. All capital was raised directly, with no allocations made through any distribution channel, underscoring the firm’s strong relationship network and the confidence placed in its investment philosophy.
Commenting on the achievement, Mr. ArunaGiri N, Founder, CEO & Chief Investment Officer of TrustLine Holdings, stated that the profile of the investors, rather than the sheer quantum of money, provides the greatest satisfaction. He noted that the fund’s objective is to build “rich portfolios from small gems” by targeting high‑quality micro‑cap companies that exhibit high ROCE, strong operating margins, low leverage, and consistent performance records. The investment approach remains rooted in contra deep‑value investing with a sharp focus on capital preservation.
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