Zenflow
Targeted Conviction. Single-Asset Precision. Institutional Access.
Move beyond broad mandates. Zenflow Finance pioneers access to Special Purpose Funds (SPFs) and Co-Investment Vehicles (CIVs) — allowing you to deploy capital into specific, high-conviction private deals with full transparency and structured protection.
The New Frontier
Why SPFs Are Dominating Portfolios
In wealth management, blind-pool investing is giving way to deal-by-deal precision. Special Purpose Funds are specialised AIF structures designed to invest in a single underlying asset — be it a high-growth tech unicorn, a specific renewable energy park, or a distressed real estate turnaround. Zero style drift means your capital goes exactly where intended. Co-investment alpha grants HNIs the ability to side-car alongside Tier-1 private equity firms. Ring-fenced liability ensures assets and liabilities are strictly isolated under the SEBI CIV framework.
Features
Why Invest Through Special Purpose Funds
Thematic Focus
Each SPV targets a single opportunity or thesis, giving you concentrated exposure without portfolio dilution.
Defined Tenure
Clear entry and exit timelines with pre-agreed lock-in periods and waterfall distribution terms.
Co-investment Access
Participate alongside institutional lead investors in deals typically unavailable to individual investors.
Rigorous Due Diligence
Every SPV undergoes multi-layered screening covering financial, legal, and operational risk assessment.
Transparent Reporting
Quarterly NAV updates, milestone tracking, and distribution notices delivered to your dashboard.
Tax-efficient Structuring
SPVs are structured as CAT II AIFs or LLPs to optimise pass-through taxation for investors.
How It Works
Invest in a Special Purpose Fund in 4 Steps
Review Opportunity
Evaluate the SPV thesis, target returns, tenure, and risk factors presented by Zenflow's research team.
Complete KYC & Commitment
Submit AIF-compliant KYC documents and sign the commitment letter to reserve your allocation.
Capital Drawdown
Funds are drawn as the SPV deploys capital, ensuring you earn returns from day one of deployment.
Exit & Distribution
Receive distributions upon asset realisation — either at maturity or as interim cash flows accrue.
Why Zenflow
Curated Alternative Investments
Institutional Deal Flow
We source deals from our network of fund managers, promoters, and institutional partners — opportunities rarely available through retail channels.
End-to-End Management
From deal sourcing to compliance, capital calls, and exit management — Zenflow handles the operational complexity.
Portfolio-level Oversight
We help you size SPV allocations relative to your total portfolio, so alternatives complement rather than concentrate risk.
Get Started
Explore Current SPV Opportunities
Speak with our alternatives desk to review active and upcoming special purpose fund offerings.
Frequently Asked Questions
Common Questions Answered
An SPF is a scheme of an AIF (typically Category I or II) set up to invest in a specific project or company. SEBI requires trustees to certify that these funds adhere to project-specific investment restrictions under the Specialised Investment Fund reporting format.
A CIV is specifically designed to allow investors of an existing AIF to invest more into a specific portfolio company alongside the main fund. It’s a tool for family office advisory to increase weightage in best-performing assets without increasing management fee on the entire corpus.
Three critical factors: Concentration Risk — SPFs are not diversified by definition; we recommend them only for the satellite portion of your portfolio. Exit Uncertainty — your exit depends on a specific event like an IPO or secondary sale. Due Diligence — we conduct forensic audits on every SPF target since there is no portfolio to hide behind.
For standard AIF schemes, the minimum is ₹1 Crore. Under the Accredited Investor framework, those with certified net worth can access specialised mandates with more flexible drawdown structures.
They follow the pass-through status of Category I & II AIFs. Gains are taxed in your hands as if you held the asset directly. For equity-linked SPFs held over 12 months, the LTCG rate is 12.5% on gains above ₹1.25 Lakh.
Expert Advisory
Ready to get started?
Schedule a call with our advisory team to discuss the right strategy for your goals.
SEBI-registered AIF | Category II
Special Purpose Funds and Co-Investment Vehicles are highly concentrated, illiquid, and carry a high risk of capital loss. These are not diversified products and are suitable only for sophisticated investors who can bear the loss of their entire investment. Please refer to the scheme-specific PPM and Project Information Memorandum for detailed risk disclosures. All activities are governed by SEBI (AIF) Regulations, 2012.
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