Evolvence India Fund II (EIF II) which was launched in 2014 is the second independent hybrid private equity fund focused on investments in India. EIF II is a hybrid fund with an investment strategy of investing in select small and mid-market private equity managers and actively co-investing alongside them. The fund aims to achieve diversification and reduce risk through fund investments and generate alpha and superior performance by cherry picking attractive co-investment opportunities.

EIF II investment team analysis indicates that the next wave of private equity returns in India will be centered around two themes – (1) growth of small and medium (SME) companies and (2) sectors which cater to the domestic consumption. As a result, EIF II’s investment strategy will target these themes as part of both its fund investments and co-investments program.
EIF II is in a unique position with its successful track record and presence on the ground in India to identify top quartile managers in the increasingly crowded Indian PE market and deliver superior risk adjusted returns for investors seeking exposure to the high growth Indian market.