Investment Opportunity in True North Fund VII
Other Terms - True North Fund VII
Share Class Structure
Class A4
Class A6
Hurdle (Pre-tax)
INR 25 Cr- INR 250 Cr
10% p.a.
Management Fees¹
2% p.a.
Share of Profits
Placement Fees
20%
INR 3 Cr- INR 25 Cr
2% p.a.
20%
1%
Fund Category
Sponsor & Manager
Trustee
Final Closing
Commitment Period
Placement Fee
Operational Fund Expenses
Upfront Contribution
Drawdown Amount
Tentative Drawdown Schedule² (% of commitment)
Minimum Commitment
10% p.a.
SEBI approved CAT II - AIF (Close Ended)
True North Managers LLP
True North Fund Trusteeship Entity Private Limited
18 Months from Initial Closing (Extendable by 6 months with appropriate approvals)
5 Years from Final Closing (in accordance with the fund documents)
1% Upfront at the time of commitment (Applicable for eligible investors with commitment less than INR 25 Cr)
At Actuals (Estimated to be 0.5% p.a. of commitment over Fund life)
5% of Capital Commitment (At the time of execution of documents)
Based on the Capital call made by the Fund (Except for upfront contribution)
To be paid within 20 calendar days from capital call notice
Yr 1
30-35%
(incl. upfront contribution)
INR 3 Cr
Yr 2
25-30%
Yr 3
25-30%
Yr 4
20-25%
Type of Investors
Person resident in India and Person resident outside India including non-resident Indians (In approved
geographies including US) including high net worth individuals, Hindu undivided families, banks, financial
institutions, bodies corporate, partnership firms, registered and unregistered trusts, societies, association of
persons etc.
1Calculated basis the commitment during the investment period, and post the commitment period, basis
the invested capital
0
22
2 Manager can call capital on need basis and the schedule is purely an estimation truenorth
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