Caspian Leap For Agriculture Fund — Caspian Impact Investments | wisefolio

Caspian Leap For Agriculture Fund

Rural Prosperity through Impact Agri-finance in Assam

IN/AIF2/21-22/0979Cat II

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

Overview

About

Caspian Assam Agribusiness Investment Fund for Rural Prosperity – RUPIAA (IN/AIF2/23-24/1375) is a SEBI-registered Category II Alternative Investment Fund registered in November 2023, managed by Caspian Impact Investment Adviser Private Limited — the investment advisory arm of the Caspian Group, a Hyderabad-based impact investing platform. RUPIAA is Caspian's fifth AIF (referred to internally as 'Caspian Fund V'), and is uniquely focused on agribusiness investment and rural prosperity in Assam — a geographically targeted impact fund. The acronym RUPIAA stands for Rural Prosperity through Impact Agri-finance in Assam. The fund likely provides structured credit to agribusiness enterprises, farmer producer organisations (FPOs), agri-input distributors, micro-lenders, and allied rural value chain businesses in Assam, consistent with Caspian's broader mission of impact-oriented lending to underserved markets. The Caspian Group operates across impact debt investing (Caspian Debt), impact investment advisory, and sustainable development finance — and prior to merging with Blacksoil Capital in November 2025, managed approximately INR 1,900 crore+ in AIF assets. The fund is registered at 4th Floor, Ventureast Plaza, Plot No. 40 & 41, Financial District, Gachibowli, Hyderabad 500032.

Investment Philosophy

Caspian's investment philosophy is grounded in impact-oriented structured credit — deploying capital in the form of debt and debt-linked instruments to businesses serving underserved markets across financial inclusion, agri-finance, rural livelihoods, healthcare, and clean energy in India. RUPIAA applies this philosophy to the agribusiness and rural economy of Assam, targeting investees that strengthen agricultural value chains, improve farmer incomes, and enable formal credit access in a state with historically limited institutional finance. Caspian combines commercial discipline with deep sector expertise and outcome measurement, ensuring that risk-adjusted returns and social impact are treated as complementary rather than competing objectives.

Team— 3

Mahesh Kanumury

Director, Caspian Impact Investment Adviser / MD & CEO, Caspian Debt

Mahesh Kanumury is a Director of Caspian Impact Investment Adviser Private Limited and MD & CEO of Caspian Debt. He has led Caspian's expansion from a single impact credit fund to a multi-fund platform and oversaw the November 2025 merger with Blacksoil Capital to create a combined INR 1,900 crore NBFC.

Narayan Ramachandran

Director, Caspian Impact Investments

Narayan Ramachandran is a Director of Caspian Impact Investments Private Limited (the holding entity) and brings deep experience in development finance and impact investing. Previously Morgan Stanley India Chairman.

Venkata Narasimham Bulusu

SEBI Contact Person (Nishith Desai Associates)

Venkata Narasimham Bulusu is an associate at Nishith Desai Associates who filed the AIF registration on behalf of Caspian. He is not the investment manager — the email domain caspianfundv.nda@nishithdesai.com confirms NDA's role as legal counsel ('caspianfundv' = Caspian Fund V, 'nda' = Nishith Desai Associates).

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF2/21-22/0979

VintageJan 2022 · 4 yrs old

Valid ToPerpetual

Contact PersonEmmanuel Murray

AddressBlock A, 4th floor, Phoenix Primea (Red Brick Building), Plot No. 40 & 41, Financial District, Beside IRDA, Gachibowli Hyderabad, Hyderabad, Telangana, 500032

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Disclaimer

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