Ascend Global Alternative Investment Trust — Ascend Global AIF | wisefolio

Ascend Global Alternative Investment Trust

Empathic Partners. Investing with high acumen, delivering high alpha.

IN/AIF2/24-25/1675Cat II

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Ascend Global Alternative Investment Trust (SEBI Reg. IN/AIF2/24-25/1675) is a sector-agnostic Category II AIF managed by Ashberg Savvy Asset Management LLP, sponsored by Ascend Global NXT LLP, and trusteeed by Catalyst Trusteeship Limited. Headquartered at Unit 712, Ghanshyam Enclave, Link Road, Kandivali West, Mumbai, the fund operates under the scheme name 'Ascend Global – Opportunities Fund'. The fund's mandate spans late-stage, matured-stage, and pre-IPO equity investments. The team collectively brings 175+ years of experience across equity and debt capital markets, corporate banking, private equity, and life sciences. The investment committee's independent member is Debabrata Sarkar, former Chairman & MD of Union Bank of India. The name Ashberg in the manager entity is derived from Sanjay Kakra's advisory firm Ashberg India Advisors; Savvy from Viren Mathia's firm Savvy Business Solutions — making this a joint venture manager entity.

Investment Philosophy

Ascend Global's investment philosophy focuses on late-stage, matured-stage, and pre-IPO opportunities — backing companies that have already proven their model and are scaling, diversifying, or preparing for a public debut. The fund targets mature SME businesses that are segment leaders with a clear USP, a profitability track record, and strong corporate governance. The approach emphasises investing with 'high acumen to deliver high alpha' — combining rigorous financial analysis with active portfolio nurturing. Rather than taking binary bets on early-stage ventures, the fund concentrates on businesses with demonstrated revenue generation where capital can accelerate growth or unlock a valuation re-rating through an IPO. The balanced strategy across late-stage and pre-IPO stages aims to optimise returns while managing risk across different phases of a company's growth lifecycle.

Team— 7

Viren Mathia

CMD, Savvy Business Solutions; Co-founder, Ashberg Savvy Asset Management LLP; SEBI Contact Person

Chartered Accountant with 22+ years of experience specialising in risk-based internal audit, risk management, compliance, systems audit, statutory audit, and financial planning. CMD of Savvy Business Solutions Private Limited. Also qualified as Certified Internal Auditor (IIA London), DISA (ICAI), and Enterprise Risk Manager (ICAI).

Sanjay Kakra

Co-founder, Ashberg India Advisors; Co-founder, Ashberg Savvy Asset Management LLP

25+ years in corporate finance, banking, risk management, and private equity. Qualified CA, CS, CMA, MBF. Managed portfolios over USD 1.5 billion in APAC. Formerly with Temasek Holdings Group and ABN Amro/RBS Bank. Founder of Ashberg India Advisors, providing bespoke financial advisory services.

Ananta Sinha

Investment Committee Member

Serial entrepreneur and active board member across several companies. Masters in Management Sciences. 20+ years of experience in investments across geographies and multiple industries.

Debabrata Sarkar

Independent Investment Committee Member

Distinguished leader in financial services with extensive banking and corporate governance experience. Former Chairman & Managing Director, Union Bank of India. Currently on the boards of several renowned corporates.

Indraneel Basu

Advisor

30+ years as an investment professional. Freelance consultant to insurance companies; Independent Director on the board of an NSE-listed IT company. Previously Chief Investment Officer at Universal Sompo General Insurance.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF2/24-25/1675

VintageDec 2024 · 1 yr old

Valid ToPerpetual

Contact PersonViren Mathia

Address712, Ghanshyam Enclave, Link Road, Kandivali West, Mumbai, Maharashtra, 400067

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Disclaimer

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