ValueQuest Tristar Fund
ValueQuest
Fund profile
About the Fund
ValueQuest Tristar Fund follows a high-conviction private equity strategy focused on India's structural manufacturing opportunity. It targets aerospace, defence, precision engineering, energy transition and manufacturing businesses benefiting from supply-chain diversification and import substitution. The fund combines thematic research and fundamental underwriting to identify businesses with durable advantages, strong customer relationships and scalable growth potential.
Source: About the Fund PDF.
Key metrics
AUM
₹2,000 Cr
Minimum investment
₹1 Cr
Vintage
2025
Sponsor & team
INR 240 Cr
Typical investment
INR 125 – 400 Cr
Tenure
8 yrs
Source-verified detail
Key Information
Fund manager
Ravi Dharamshi
Investment manager
ValueQuest
SEBI category
Category 2
Strategy
Private Equity
Targeted fund size
3000 Cr
Management fee
2.25%
Commitment period
Until March 2030
Initial drawdown
50% of aggregate commitment
Status
Active
Data as of
31 Jul 2026
Source: Fact sheet / official materials provided by ValueQuest.
Disclosed figures
Target Return and Fee Rates
Target Return and Fee Rates
Source: Fact sheet / official materials provided by ValueQuest.
ValueQuest
About the Fund Manager

Ravi Dharamshi
Founder & CIO, ValueQuest
Has two decades or more of experience in Indian equities and began his investing career under the mentorship of Rakesh Jhunjhunwala. Founded ValueQuest in 2010 and leads its research-driven, long-term investment philosophy focused on identifying structural opportunities ahead of market consensus.
- Experience
- Two decades or more
- Founded ValueQuest
- 2010
- Mentor
- Rakesh Jhunjhunwala
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