About Us

Innovation Entrepreneurship Job Creation

Along with the goal of promoting access to finance to SMEs in Nepal, the NPEA also strives to advance innovation, entrepreneurship, and job creation.

The NPEA, incorporated as a non-profit entity under the Company Act, is governed by a Board of Directors and administered by a small team of professionals.

The association has the following broad objectives:

Strengthen and promote Nepal’s private and alternative investment ecosystem
Support policymaking that promotes private equity in Nepal
Level the playing field for fund managers – local & foreign
Nurture collaboration and rapport between all PEVC firms in Nepal
Act as a linkage between local PEVC firms & regional / global PEVC players
Help entities in the PEVC industry maintain a high standard of governance & professionalism
Train and help up-skill finance & management professionals
Conduct comprehensive research & analysis relevant to the industry

Aadhyanta Fund Management has recently obtained the PEVC license from Securities Board of Nepal under the Specialized Investment Fund Regulation 2075.

Aadhyanta is establishing a nurturing ecosystem through transformative approach to capital mobilization. The firm plans to accelerate Nepal’s transition to middle-income status by making investments accessible and engaging enterprises organically through empowerment of entrepreneurs and enterprises with investment, intelligence and integrative alliances enabling them to lead innovation.

Established in 2021, Alpha Plus Ventures Limited is a SIF Licensed firm with the objective of identifying undervalued private investments with strong potential, provide operational and financial structures to elevate profitability and growth of these companies, and bring the investments to public market for capital infusion once mature. The firm targets investments in high growth companies, value companies, as well as distressed companies that can be restructured.

Avasar Equity Limited is a Private Equity/Venture Capital Fund Manager licensed by Securities Board of Nepal (SEBON). The company is promoted by Siddhartha Bank, Sanima Bank, Kumari Bank, Nepal Bank, prominent personalities from diverse business sectors of Nepal and highly experienced professionals. Avasar Equity supports the long-term success of investee companies operating in various industries by connecting them to an array of resources and is driven by the commitment to help investee companies achieve their maximum potential.

Business Oxygen (BO2) is a fund with a climate focus. The investors of the fund are, the International Finance Corporation (IFC) of the World Bank group, FCDO, the Climate Investment Funds, and WLC Ventures. It provides risk capital to Small and Medium Enterprises (SMEs) and assists entrepreneurs to build their capacity and their enterprise through structured equity and quasi-equity investments. It specializes in providing investments and expertise to the missing middle (SMEs) that cannot access finance from BFIs due to lack of collateral. BO2 invests in businesses that are ready to scale up their operations and incorporate ESG measures.

Dolma provides capital and expertise to growth companies in Nepal. The fund is designed to generate sustainable private sector employment and stimulate further Foreign Direct Investment into Nepal. Dolma invests as a strategic partner, sharing risk with entrepreneurs and promoters. As an impact fund, Dolma builds positive social and environmental impact into the core of investee company strategies.

Global Equity Fund Private Limited (GEF) is an institutional private equity and venture capital fund promoted by Laxmi Bank; Prime Life Insurance; Everest Insurance and Laxmi Corp. It received a ‘Fund Management License’ from the Securities Board of Nepal (SEBON) under Specialized Investment Fund Regulation 2075 and among the first PE/VC Fund in Nepal to receive the approval. It is a sector agnostic impact fund which provides capital to small and medium sized enterprises which are at early stage, expansion, and growth stages. It is in a process to launch Laxmi Impact Growth Fund I with fund size of NPR 2 Billion, which aims to invest in 8 -10 mid-caps SMEs facing issues of: scaling up and expansion, lack of technical knowledge and assistance in helping to grow business, professionalization – environmental, social & governance (ESG), and shareholder transition or management succession.

Kriti Venture Fund was established in 2017 by Machhapuchchhre Kriti Capital Limited to mobilize domestic fund in productive sectors of Nepalese economy. Incorporated as an alternative investment fund, it promotes institutional investment in energy/infra, manufacturing, health, education, tourism, and agricultural sectors. TEAM Ventures, another member of the Association, is a major institutional shareholder, along with Shikhar Insurance Co. Ltd. and other prominent individual investors.

Established in 2011, NIBL Ace Capital aims to provide exceptional and customized financial services ranging from merchant banking, advisory, and asset management services to depository participants with the purpose to help clients plan and realize their financial goals with a well-conceived balance of risk and return.

Recently, the company has also obtained the license for venture capital investments in Nepal and as such we are confident that NIBL Ace Capital Limited will play a significant role in the development of the enterprising ecosystem in the country.

NIC ASIA Capital Limited, established on May 2016 is a wholly owned subsidiary of NIC ASIA Bank Limited and has been in operation for more than six years and has been extending its businesses and expertise in the field of Mutual Fund, Portfolio Management Services, Corporate Advisory, Depository Participant, Issue Management, Registrar to Share and Underwriting.

The company has also been recently awarded with the license under the Specialized investment Fund Rules, 2075 to operate Private Equity/Venture Capital (PE/VC) funds in Nepal.

NMB Capital (NMBCL) is a subsidiary of NMB Bank Limited, specializing in merchant and investment banking. Established on September 17, 2010, NMBCL offers a range of services including managing public offerings and underwriting securities, providing trusteeship services for bonds and debentures, and offering ancillary services for stock administration to issuing companies.

The company has obtained a license under the Specialized Investment Fund Rules, 2075 to operate Private Equity/Venture Capital (PE/VC) funds in Nepal. This exciting development allows us to welcome the company as our newest member!

One to Watch (OTW) is an investment management company based in Nepal since the last five years. OTW works with small and medium sized companies focusing on basic needs – food, infrastructure and health-care, companies that create impact as well as profits. Supporting and investing in the next generation of entrepreneurs who are leading commercially viable and impactful businesses that are actively solving problems and creating jobs in the local communities, OTW aims to close the “missing-middle” finance and business support gap for entrepreneurs.

Prabhu Capital is a leading merchant banking company in Nepal and has been serving its clients with innovative and modern merchant Banking services. Prabhu Capital obtained the merchant Banking license from the Securities Board of Nepal (SEBON) on September 9, 2010 since which the firm has been providing various merchant banking services namely Depository Participant (DP), Issue Management, Underwriting, Portfolio Management Services, Registrar to the Share (RTS) Services in addition to acting as a Mutual Fund Manager. The company has also obtained the license for venture capital investments in Nepal on September, 2022.

Reliable Venture Capital Limited is a SIF licensed venture capital firm promoted by leading Institutions, renowned Industrialists and eminent professionals from Banking, Insurance and other sectors.

Team Ventures invests in private and public companies/institutions to promote entrepreneurship and to foster institutional development by injecting equity capital & by providing strategic assistance in the managerial & governance level of the investee company to scale-up and expand their business operations. Utilizing a unique combination of analytic strategies and ground-based resources, Team Ventures’ portfolio consists of investments in multiple business sectors.

True North Associates (TNA) is an investment firm that aims to contribute to the development of the private sector in Nepal by investing in growth-stage companies with sector-disruptive business models. TNA has positioned itself as the only domestic permanent capital vehicle with PE/VC investment philosophy and the flexibility to uniquely structure each deal according to time horizon & exit options. Apart from contributing to building & shaping the entrepreneurial ecosystem in Nepal, TNA has developed a pipeline of investment targets which are now beginning to convert.

Neupane Law Associates provides legal services specializing in areas of banking, project finance, dispute resolution, foreign investment, M&A, joint ventures and cross-border transactions. In the last 35 years, the counsel have served clients in key business sectors such as aviation, financial services, private equity, hospitality, manufacturing, infrastructure, energy and technology.

A law firm based on Kathmandu, Pioneer Law Associates (PLA) specializes in the field of commercial law and as such, has been advising local and international clients for the past 3 decades. Founded in 1982, the firm has advised both onshore (with or without foreign investment) and offshore funds, in their establishment and operation of the private equity and investment funds especially dedicated to provide growth capital to small and medium enterprises, and sector focused funds for sectors such as hydropower. Pioneer Law has also been part of the legal reform project intended to identify the barriers to the private equity funds and simplifying entry, operation and exit of such funds.

The team has specializations in various sectors, forming separate litigation, intellectual property, commercial law, legal consultation, and drafting departments.

PKF T R Upadhya & Co. is a partnership firm registered with the Institute of Chartered Accountants of Nepal providing the highest levels of service and technical expertise from experts within the firm, Nepal and other PKF Member firms across all areas of assurance, taxation, advisory and business solutions.

PKF T R Upadhya & Co. is a member firm of PKF International, a network of legally independent firms with a presence in 440 locations in over 150 countries.

ME10 is a cloud based accounting solutions company focused on helping SMEs grow with meaningful management information, system implementation, internal control reviews and improvement and compliances with industrial, taxation and other requirements. The company serves a growing client base in Nepal and in the UK.

Vidhi Legal Concern is a full-service corporate, commercial law firm, with partners having first hand experience in diverse legal matters. Committed to excellence and innovative thinking , the firm provides pragmatic and tailored advisory approach helping clients gain competitive advantage. The counsel has assisted various PEVC companies in Nepal in regular, legal and compliance matters aiding them with legal sides of deal making and project implementation.