Public markets (Cat III) · SEBI registry
Athena Alternative Investments Trust
Public markets (listed) · Public markets (listed equity) · Mumbai
At a glance
- Stage focus
- Public markets (listed)
- Primary sector
- Public markets (listed equity)
- City
- Mumbai
- HQ / office
- Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra
- Fund registered
- 2022
- Corpus (as reported)
- Targeted Rs 1,000 crore raise in first year (2023, at launch)
- Website
- prajana-alternatives.com
About
Athena Alternative Investments Trust is a SEBI-registered Category III AIF (Reg. IN/AIF3/22-23/1166) managed by Prajana Advisors Private Limited, sponsored by Trust Investment Advisors (Trust Group), with Axis Bank as trustee. Vineet Bagri is CEO/CIO. Its first product is an equity-derivatives absolute-return scheme. The manager's site (prajana-alternatives.com) is a 'Launching Soon' GoDaddy placeholder, not a confirmed live firm site.
Investment focus
Listed-equity absolute-return strategy via equity derivatives (Stock Convertible Scheme); open-ended Category III AIF. Not a startup VC.
SEBI registration
SEBI AIF Category III — reported as “Cat III”
- IN/AIF3/22-23/1166
SIDBI Fund of Funds
None found
Team & organisation
Trust-structured Category III AIF (SEBI IN/AIF3/22-23/1166), managed by Prajana Advisors Pvt Ltd; launched by Trust Group as 'Athena Investments' (Stock Convertible Scheme). Note: provided site prajana-alternatives.com is a placeholder 'Launching Soon' page
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Frequently asked
- What does Athena Alternative Investments Trust invest in?
- Listed-equity absolute-return strategy via equity derivatives (Stock Convertible Scheme); open-ended Category III AIF. Not a startup VC.
- How do I pitch Athena Alternative Investments Trust through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ hedge (Cat III) — listed-equity derivatives fund, not startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.sebi.gov.in/sebi_data/commondocs/dec-2023/Athena_Alternative_Investments_Trust_AL_p.pdf; https://www.business-standard.com/content/press-releases-ani/trust-group-launches-athena-investments-a-category-iii-alternate-investment-fund-which-aims-to-raise-rs-1000-cr-123011900903_1.html