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Public markets (Cat III) · SEBI registry

Athena Alternative Investments Trust

Public markets (listed) · Public markets (listed equity) · Mumbai

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At a glance

Stage focus
Public markets (listed)
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)

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