Prudent Equity, a wealth management firm based in Gurugram, has raised one-fourth of its Rs 500 crore corpus for its first AIF.

Ace, a category-III alternative investment fund, will be sector-agnostic and will concentrate on small and mid-cap companies with diverse themes.

According to the company, the fund’s investment characteristics will include prudent capital allocation, a margin of safety, and high corporate governance standards.

Prudent Equity, founded in 2012, provides equity investment advice to individuals, family offices, high net-worth individuals (HNIs), and corporations.

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