NAFA Capital Advisors

NAFA operates four distinct strategies from its Mumbai base. Its private equity practice targets early-stage, growth, and pre-IPO investments in small and medium-sized Indian businesses. A listed-equities arm executes opportunistic public-market investments. The debt capital markets vertical provides credit solutions, and a stressed-loan subsidiary—formed in partnership with Longan—acquires retail stressed loan portfolios from Indian NBFCs and banks. The firm also plans to launch a non-discretionary Portfolio Management Service called NAFA Wealth for retail investors.

No. NAFA does not publish its AUM, total capital deployed, or fund sizes on its website or in any public filing Altss has reviewed. Any figure would be an estimate, so the firm's public posture on scale is undetermined.

NAFA has not publicly detailed its sourcing model. Its integrated structure—operating across private equity, listed equities, debt capital markets, and stressed credit—suggests that deal flow may originate from multiple channels within the same platform, but no specific sourcing relationships, advisor networks, or origination partnerships are disclosed.

NAFA has partnered with Longan to set up an Indian subsidiary that acquires retail stressed-loan portfolios from NBFCs and Indian banks. The exact corporate structure, ownership split, and capital commitment between the two entities have not been publicly disclosed.

NAFA is an asset manager, not a family office. It offers its services to external clients, and its planned NAFA Wealth platform is explicitly aimed at retail investors across India. The firm does not disclose whether it manages capital for a single family or founding group alongside third-party assets.