Neev Funds, across Neev I and Neev II is an INR 1,500 Cr. fund with a mandate to invest in climate and environment sectors. The Funds have invested in diverse sectors such as renewable energy, agri-logistics, dairy, healthcare, education, waste management, green hydrogen, pollution control, sustainable agriculture, water & sanitation, etc. The Neev Funds have taken a leadership position in the ESG investments space and is now recognised as a thought leader in impact investing. The Neev Fund is managed by SBI Ventures Limited (“SVL”) which is a wholly owned subsidiary of State Bank of India. SVL has scaled from managing one fund with an AUM of c. INR 500 Cr. in 2018 to an AUM of c. INR 33,000 Cr. across 6 funds.

NSIC Venture Capital Fund Ltd. (NVCFL), a wholly owned subsidiary of The National Small Industries Corporation, a Mini-Ratna Corporation of the Government of India under the MSME Ministry has setup a Fund of Funds (FoF) christened as Self Reliant India (SRI) Fund, as a Category II Alternate Investment Fund (AIF), for providing growth capital to the Micro, Small and Medium Enterprises (MSMEs). Subsequent to a competitive bid process, SBI Ventures Limited (SVL) was selected as the Investment Manager to the SRI Fund. SRI Fund was registered with effect from September 1, 2021 as a Category II AIF with SEBI. SRI Fund has commenced operations in October 2021 and has already committed funds to multiple daughter funds.. In addition to the SRI Fund, SVL also manages the UK-India Development Cooperation Fund (UKIDCF) which is a fund of fund platform for the Government of UK. The SRI Fund and the UKIDCF are collectively known as “Funds Platform”. Other than the Funds Platform, SVL also team oversees two private equity funds Neev I and Neev II. In order to manage and administer the Fund Platform, SVL is looking to onboard an Analyst to assist the investment and fund administration team of the Funds Platform.