NIBL Equity Partners is a private equity fund managed by NIMB Ace Capital and backed by Nepal Investment Mega Bank. We empower growth-stage companies across sectors like clean energy, agriculture, and hospitality by combining global best practices with deep local expertise.
With a minimum investment of NPR 100 million, we integrate capital with institutional governance and operational excellence to build resilient, high-value ecosystems. Operating under SIF Regulations 2075, we are committed to driving sustainable returns and shaping the future of Nepal’s economy.
We accelerate growth for established companies through capital injection, strategic oversight, and a deep-rooted commitment to ESG and women-led enterprises.
A Specialized Investment Fund managed by NIMB Ace Capital, bridging the gap between institutional discipline and entrepreneurial vision.
Operates under SIF Regulations 2075 & Constitution 2080, managed by NIMB Ace Capital with anchor investor Nepal Investment Mega Bank.
Focused on later-stage companies with robust fundamentals and scalable growth potential.
Integrates Environmental, Social & Governance factors to align with sustainability goals and mitigate risks.
Investments across Clean Energy, Manufacturing, Pharma, E-commerce & IT, Agriculture, Hospitality, Education, and Real Estate.
A Specialized Investment Fund managed by NIMB Ace Capital, bridging the gap between institutional discipline and entrepreneurial vision.
Operates under SIF Regulations 2075 & Constitution 2080, managed by NIMB Ace Capital with anchor investor Nepal Investment Mega Bank.
Focused on later-stage companies with robust fundamentals and scalable growth potential.
Integrates Environmental, Social & Governance factors to align with sustainability goals and mitigate risks.
Investments across Clean Energy, Manufacturing, Pharma, E-commerce & IT, Agriculture, Hospitality, Education, and Real Estate.
Capital Raised
NAV Growth
We envision a self-sustaining business ecosystem in Nepal, built on purpose, integrity, and lasting impact, benefiting not only entrepreneurs but the wider Nepalese community. By aligning global investment standards with local priorities, we strive to be Nepal's most trusted growth partner, guiding the way toward meaningful, transformative success.
At NIBL Equity Partners, we are committed to offering a dependable vehicle for financial returns that also serves as a catalyst for sustainable progress, responsible leadership, and inclusive economic transformation.
We envision a self-sustaining business ecosystem in Nepal, built on purpose, integrity, and lasting impact, benefiting not only entrepreneurs but the wider Nepalese community. By aligning global investment standards with local priorities, we strive to be Nepal’s most trusted growth partner, guiding the way toward meaningful, transformative success.
At NIBL Equity Partners, we are committed to offering a dependable vehicle for financial returns that also serves as a catalyst for sustainable progress, responsible leadership, and inclusive economic transformation.
NIBL Equity Partners is a close-ended private equity fund, structured under the Specialized Investment Fund (SIF) Regulations of 2075, with a lifespan of 15 years and a target fund size of NPR 10 billion. Managed by NIMB Ace Capital and backed by Nepal Investment Mega Bank, the fund is focused on creating long-term, sustainable value by investing in high-potential, growth-stage companies across diverse sectors.
NIBL Equity Partners
2023
Close-Ended Private Equity
NIMB Ace Capital
Nepal Investment Mega Bank
NPR 10B
2 Years
6 Years
15 Years
Investment Ecosystem
NIMB Ace Capital Limited, our fund manager, is a subsidiary of Nepal Investment Mega Bank. Established in 2011, the company specializes in merchant banking, investment banking, and asset management. With expertise in capital markets, NIMB Ace Capital provides services including public offerings, underwriting, bond trusteeship, corporate advisory, and registrar services.
Investment Ecosystem
Nepal Investment Mega Bank Limited is the anchor investor behind NIBL Equity Partners. Licensed as a Class “A” commercial bank by Nepal Rastra Bank, the institution has been a major player in Nepal’s banking sector since 1986.
1986
Class “A”
Commercial Bank
6 Times
Bank of the Year by The Banker
One of Nepal’s largest financial institutions
Meet the Team
Managed by NIMB Ace Capital, our team combines financial expertise with deep local insight to scale Nepal’s high-potential enterprises. We provide the strategic stewardship and capital necessary to transform established businesses into national market leaders.
Investor Advisor Member
Arvind Mathur, a CFA charter holder with over four decades of experience across private equity, capital markets, and fixed income investments. He currently serves as Chairman and President of the International Institute of Venture Capital, Private Equity, and M&A, and advises institutions backed by a $12 billion US private equity fund. A former staff member of the Asian Development Bank, he provides guidance on governance, ESG integration, and institutional capacity building.
40+ Years investment experience
Advisor to $12B PE Fund institutions
Global sovereign wealth fund exposure (GIC, Temasek, ADIA)
Former Asian Development Bank professional
Harvard & Columbia Business School programs
Investor Advisor Member
Upendra Poudyal brings nearly four decades of leadership experience in commercial banking, investment banking, and sustainable finance. He currently serves as the Asia Pacific Regional Representative of the Global Alliance for Banking on Values and chairs the Advisory Committee for the Post Graduate Diploma in Sustainable Business Management at Tribhuvan University. He previously served as Chairman of Nabil Bank and Chief Executive Officer of NMB Bank for 17 years, where he played a key role in strengthening governance, risk management, and sustainable banking practices.
40+ Years investment experience
Advisor to $12B PE Fund institutions
Global sovereign wealth fund exposure (GIC, Temasek, ADIA)
Former Asian Development Bank professional
Harvard & Columbia Business School programs
Chief Executive Officer
Shivanth B. Pandé is the Chief Executive Officer of NIBL Equity Partners. He holds a Master’s degree in Financial Economics from the University of St Andrews, UK, and previously worked as a consultant with Deloitte Touche Tohmatsu’s Emerging Markets Group in London. With over 19 years of experience in finance, his expertise includes economic research, financial analysis, SME finance, private equity, and venture capital.
Chairman
Sachin Tibrewal is a Chartered Accountant registered with the Institute of Chartered Accountants of India (ICAI) and currently serves as the Chief Financial Officer at Nepal Investment Bank Ltd. With over 24 years of experience in finance, accounting, taxation, and audit, he has built extensive expertise in financial management and corporate governance. He previously served as Assistant Manager at Deloitte Haskins & Sells, UK.
Head of Corporate Credit
Sushil Shrestha is an MBA graduate from SIBM Pune with over 24 years of experience in the banking sector. At NIMB Bank, he has held several key leadership roles across remittance, corporate credit, and regional operations, including serving as a Province Manager. His experience spans credit management, corporate banking, and operational leadership.
Chief Executive Officer
Shivanth B. Pandé is the Chief Executive Officer of NIBL Equity Partners. He holds a Master’s degree in Financial Economics from the University of St Andrews, UK, and previously worked as a consultant with Deloitte Touche Tohmatsu’s Emerging Markets Group in London. With over 19 years of experience in finance, his expertise includes economic research, financial analysis, SME finance, private equity, and venture capital.
Co-Head of NIBL Equity Partners
Ritu Pradhan brings over 16 years of experience in investment and private sector development, leading investment initiatives across multiple sectors. She has held leadership roles in private equity and SME banking and played a key role in Nepal’s first IFC-backed private equity fund. As Country Lead for CrossBoundary in Nepal, she worked to unlock capital for sustainable growth in agriculture and led initiatives supporting MSMEs across agriculture, tourism, and digital services. Her expertise includes buy-side investments, ESG-aligned investment evaluation, and innovative financing structures.
Deputy Chief Executive Officer
Sachindra Dhungana is a Chartered Accountant from the Institute of Chartered Accountants of Nepal (ICAN) with a Diploma in IFRS from ACCA. With over 20 years of experience, he specializes in investment banking, merchant banking, wealth management, and capital markets. He previously served as Chief Operating Officer at Nabil Investment Banking Ltd, bringing extensive expertise in investment advisory, due diligence, and financial management.
Sr. Investment Manager
Suprim Mandal has more than 10 years of progressive experience in private equity investment, strategy and structuring, transaction advisory, due diligence, financial planning and analysis (FP&A), and statutory audit. He has worked with a diverse range of private- and public-sector organizations in Nepal, including bilateral and multilateral institutions. He holds an MSc from the University of London and has completed a programme in Private Equity and Capital Market Financing at the Indian Institute of Management Bangalore (IIM Bangalore). He is also an ACCA-qualified professional.
Investment Manager
Suyash Kharel is a CFA charterholder and MBA graduate from the University of Toronto (Rotman School of Management) with over 5 years of experience across private and public equity markets in North America and Nepal. He brings strong expertise in equity research, valuation, and investment analysis, combining global market exposure with a nuanced understanding of emerging and developed markets to support disciplined investment decision-making and long-term value creation.
Investment Analyst
Ravi Karna holds an MBA in Finance from Symbiosis International University, Pune. He has over 4 years of experience in private equity, finance, and business, with expertise across industries including capital markets, healthcare, hydropower, and manufacturing. His strong financial knowledge and practical exposure demonstrate his ability to navigate complex financial landscapes.
Investment Analyst
Nikhil is an ACCA professional with over 6 years of experience in the banking sector, with a core focus on treasury management, corporate finance, and risk mitigation. Building on this extensive background, he seamlessly translates operational financial insights into active portfolio management and investment strategy. He utilizes advanced financial modeling, multi-scenario valuation, and technical analysis to uncover high-potential investment opportunities. Combining robust analytical capabilities with a disciplined, globally aligned investment approach, he drives NIBL Equity Partners’ commitment to delivering superior, long-term portfolio value.
Investment Analyst
Kritika Shrestha is a Chartered Accountant from ICAN with over 6 years of experience in auditing, investment analysis, and financial management. She specializes in deal evaluation, financial modeling, due diligence, and portfolio management, with a strong focus on identifying investment opportunities and optimizing portfolio performance. Proficient in financial structuring, risk management, valuations, and market analysis, she provides strategic insights to drive financial growth. With extensive experience leading audits across diverse industries, she excels in enhancing internal controls and supporting data-driven investment decisions.
Investment Analyst
Rajshree Upadhyay holds a Master’s degree in Quantitative Finance from Northeastern University, Boston, and brings 3 years of experience in finance, investment research, and tech. She gained hands-on public-markets investment experience through the 360 Huntington Fund in Boston. She has passed the CFA Level I examination and remains on track to complete the full CFA program. She brings strong analytical judgment, solid financial modelling skills, and a disciplined investment approach grounded in internationally recognized standards, supporting NIBL Equity Partners’ mission of delivering sustainable, long-term value across its portfolio.
Investment & ESG Analyst
Daisy Suwal holds an MBA in Finance from Ace Institute of Management and a Bachelor’s degree in Development Studies (Economics) from National College. She brings over 5 years of professional experience, having worked across branding, marketing, finance, and project management, with a strong grounding in socio-economic analysis. She has completed specialized training in Private Equity and Venture Capital from Università Commerciale Luigi Bocconi, as well as IFC sustainability programs. She brings a multidisciplinary perspective to her role, combining financial acumen with ESG insights to support investment analysis, informed decision-making, and value creation across the portfolio.
Investment & ESG Analyst
Riya Shrestha holds a bachelor’s degree in Business Management from Augustana College with a specialization in Finance, Marketing, and Data Analytics. She has 4 years of experience across high-growth tech sectors, including e-commerce, ridesharing platforms, and AI, which have allowed her to work at the intersection of business strategy, operations, branding, and market intelligence. She brings a quantitative, market-driven analytical perspective to analyze investments, assess company performance, identify value creation opportunities, and support strategic recommendations across the portfolio. She brings data-backed insights and cross-functional leadership to every engagement.
Investment Associate
Samraj Magar has more than 3 years of private equity experience, built on a strong foundation gained through a valuable internship in the private equity field. His expertise includes financial modelling, valuation, investment analysis, and financial due diligence, with a particular focus on tech, hospitality, and real estate. He has also developed experience in fundraising dynamics, including investor engagement and an understanding of the fundraising process. Samraj brings a disciplined, practical approach to investment decision-making while continuing to progress toward his ACCA qualification.
Investment Associate
Mohit Khatri is an economics graduate specializing in policy impact with experience across key applied economic fields. He is skilled in data analysis and investment analysis, applying economic frameworks to evaluate market dynamics, assessing opportunities, and supporting strategic decision-making that enhances strategic planning and sustainable development.
