Waterfield Capital Trust

Stage focus

Early stage (Pre-Series A)

Primary sector

Sector agnostic

City

Mumbai

HQ / office

Mumbai, Maharashtra (Maker Chambers VI, Nariman Point)

Fund registered

2021

Corpus (as reported)

Maiden Fund of Funds target Rs 500 Cr; first close ~Rs 200 Cr (raised 40% of target within 3 months of SEBI approval)

Website

waterfieldadvisors.com

LinkedIn

Profile ↗

Manager is Waterfield Advisors, an independent Mumbai-based multi-family office and wealth/asset management firm founded 2011. It runs Category II AIF Fund-of-Funds (Waterfield FoF I and FoF II) that diversify across leading domestic PE and VC funds for UHNW investors and single family offices.

Category II Fund-of-Funds: invests in top-quartile domestic private equity and venture capital funds (PE/VC FoF), sector-agnostic

Fund of Funds minimum investor commitment INR 1 Cr; wealth/family-office advisory mandates INR 5-100 Cr+ (these are client minimums, not portfolio-fund cheque sizes)

As compiled from public sources — verify with the investor.

SEBI AIF Category II — reported as “Cat II”

• IN/AIF2/21-22/0876
• IN/AIF2/23-24/1275

None found as a government LP into Waterfield's own funds. Note: Waterfield runs a Fund-of-Funds (Cat II, FOF I & FOF II) that invests into PE/VC funds alongside SIDBI's FFS; this is co-investment, not SIDBI/government capital backing the Waterfield AIF itself

Not disclosed precisely; multi-entity firm (founded 2011 by Soumya Rajan & Sanjay Teli); dedicated FoF investment team under a Managing Partner

Trust-structured Category II AIF managed by Waterfield Fund Managers Private Limited; multi-fund FoF platform (Waterfield FOF I & FOF II), part of broader Waterfield Advisors group

What does Waterfield Capital Trust invest in?

Category II Fund-of-Funds: invests in top-quartile domestic private equity and venture capital funds (PE/VC FoF), sector-agnostic

What cheque size does Waterfield Capital Trust write?

As compiled from public sources: Fund of Funds minimum investor commitment INR 1 Cr; wealth/family-office advisory mandates INR 5-100 Cr+ (these are client minimums, not portfolio-fund cheque sizes)

How do I pitch Waterfield Capital Trust through iHub India?

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VC fund (Cat I)

3F Ventures

Early stage (Pre-Series A) · Pharma & Life sciences · Mumbai

Equity-free grants: Micro Grant INR 50k-1 Lakh; Indie Grant INR 10k-15k; wildcard stipend ~INR 10k/month (per own site). Not a conventional equity AIF chequeContact on file

VC fund (Cat II)

5 RIVERS CAPITAL TRUST I

Early stage (Pre-Series A) · Private credit / Debt · Mumbai

USD 1-12 million per case (litigation/dispute finance)Contact on file

VC fund (Cat I)

77 EAST VENTURE FUND

Early stage (Pre-Series A) · Food & FMCG (D2C) · Bengaluru

Not disclosed (Cat I AIF; SEBI min investor commitment INR 1 Cr)Contact on file

VC fund (Cat II)

8X VENTURES FUND

Early stage (Pre-Series A) · Deep Tech (AI/ML/Robotics) · New Delhi

Early-stage deeptech cheques (not precisely disclosed on site); Fund II corpus INR 200 Cr + INR 100 Cr greenshoe targeting 18-20 startupsContact on file

VC fund (Cat II)

A88 TRUST

Early stage (Pre-Series A) · Deep Tech (AI/ML/Robotics) · New Delhi

Contact on file

VC fund (Cat II)

ABANS INVESTMENT TRUST

Early stage (Pre-Series A) · Public markets (listed equity) · Mumbai

Contact on file

All Early stage (Pre-Series A) investors →

• ⚑ PE/VC fund-of-funds (invests in other funds, not direct 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://waterfieldadvisors.com; https://waterfieldadvisors.com/fund-of-funds