USD 5–50m
Enterprise-value band targeted
An India-focused private capital platform — a Mauritius variable capital company holding three ring-fenced sub-funds, each with a distinct mandate and its own economics.
Institutional, family-office and development-finance capital.
Three ring-fenced sub-funds under one regulated umbrella.
Off-market, promoter-level opportunities with active ownership.
At the USD 5–50 million enterprise-value band, India’s growth economy sits below where the largest global platforms compete and above where most venture stops. It is deep, fragmented, and reached through relationships rather than auctions.
Meridian 24 is built to operate there with conviction — sourcing off-market through promoter-level networks, underwriting against a demonstrated downside, and creating value through active ownership rather than financial engineering. Mauritius provides the treaty-protected gateway long used by global institutions for cross-border allocation into India.
A single Mauritius VCC umbrella holds three sub-funds. Each elects separate legal personality — its own assets, liabilities and economics, walled off from the others.
A concentrated, structured position in a single high-conviction asset, held to a defined and capped return. Stands alone, with returns realised from the asset itself.
Diversified direct equity in lower-mid-market Indian companies — control and significant-minority positions with negotiated governance and active ownership.
A US-dollar and macro overlay that hedges currency and market risk across the platform’s India exposure — addressing the rupee risk embedded in dollar returns.
Private-market returns increasingly favour focus over size — specialist, lower-mid-market strategies that win on sourcing and ownership rather than the scale of the cheque. Meridian pairs that discipline with the governance, reporting and substance institutional and development-finance investors require.
Meaningful commitment from the sponsor, invested on the same terms as limited partners.
A transparent distribution waterfall, preferred return and interim clawback testing — structured to protect investors first.
Every opportunity screened against the IFC Performance Standards (PS1–8) and EDFI exclusions, monitored through the holding period.
Resident directors, independent committee oversight and segregated duties — built to be examined.
Sourced through relationships, underwritten against the downside, and built to be examined.
The platform is administered, audited and custodied to institutional standards, with duties separated across independent parties.
Responsible ownership. ESG is part of underwriting, not a bolt-on. Opportunities are screened against the IFC Performance Standards (PS1–8) and the EDFI exclusion list before capital is committed, with defined monitoring through the life of each investment — calibrated for institutional and development-finance investors.
Detailed materials are made available to eligible investors under appropriate confidentiality. Send us a message and the team will follow up to arrange an introduction.
Messages are received by Meridian 24’s investor relations team and handled in confidence.