{"id":92461,"date":"2026-11-02T06:48:36","date_gmt":"2026-11-02T11:48:36","guid":{"rendered":"https:\/\/hedgeco.net\/news\/11\/2026\/valuequests-tristar-fund-secured-more-than-%e2%82%b92100-crore-for-indian-advanced-manufacturing-exceeding-its-target-and-greenshoe.html"},"modified":"2026-11-02T06:48:36","modified_gmt":"2026-11-02T11:48:36","slug":"valuequests-tristar-fund-secured-more-than-%e2%82%b92100-crore-for-indian-advanced-manufacturing-exceeding-its-target-and-greenshoe","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2026\/valuequests-tristar-fund-secured-more-than-%e2%82%b92100-crore-for-indian-advanced-manufacturing-exceeding-its-target-and-greenshoe.html","title":{"rendered":"ValueQuest’s Tristar Fund Secured More Than ?2,100 Crore for Indian Advanced Manufacturing, Exceeding Its Target and Greenshoe:"},"content":{"rendered":"

\"ValueQuest's<\/p>\n

HedgeCo.Net \u2014 ValueQuest Tristar Fund, an Indian private equity fund focused on advanced manufacturing, said Monday it has secured more than ?2,100 crore, or about $221 million, in investor commitments, surpassing its original target including the full greenshoe option. The milestone came within 15 months of the fund’s first close.<\/p>\n

Tristar is a closed-ended Category II Alternative Investment Fund managed by Quest4Value Investment Managers LLP, with ValueQuest Investment Advisors as sponsor. It invests across aerospace, defence, precision engineering and energy-transition-linked manufacturing.<\/p>\n

The fund has made four investments: Hi-Q Electronics, which makes mission-critical printed circuit boards for aerospace and defence; Rangsons Aerospace, which specializes in fluid distribution systems and satellite communications; Waaree Energy Storage Solutions, focused on battery storage; and Trusted Aerospace & Engineers (TASE Global), a precision engineering company with cross-border manufacturing capabilities.<\/p>\n

“Sector growth alone does not guarantee investment returns,” said Aniket Dharamshi, co-founder and managing partner of ValueQuest Investment Advisors, adding that the firm’s upfront work lets it partner with promoters and deepen exposure as they deliver against milestones. ValueQuest, a public-markets manager that moved into private equity in 2023, manages more than ?6,000 crore across two strategies, three funds and co-investments, and is also raising SCALE Fund II for growth and late-stage deals.<\/p>\n

The close adds to evidence that domestic and global LPs are leaning into India’s manufacturing build-out, a theme that has drawn capital as supply chains diversify and defence procurement localizes.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 ValueQuest Tristar Fund, an Indian private equity fund focused on advanced manufacturing, said Monday it has secured more than ?2,100 crore, or about $221 million, in\u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":92460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[17226,17227,17225,17224,17223,17222],"class_list":["post-92461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-equity","tag-advanced-manufacturing","tag-aerospace-and-defence","tag-aif","tag-india-private-equity","tag-tristar-fund","tag-valuequest"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=92461"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/92460"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=92461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=92461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=92461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}