NIBL Equity Partners, a private equity fund operating under the approval of the Specialized Investment Fund (SIF) Regulations 2075. It is also regulated by the NIBL Equity Partner Constitution of 2080, Specialized Investment Fund Regulation 2075, Investment Policy and Investor Agreements, we are proudly managed by NIMB Ace Capital Limited, with Nepal Investment Mega Bank Limited as the anchor investor.
Our focus lies in capital investments across diverse sectors, including Clean Energy, Manufacturing, Pharmaceutical, E-commerce & IT, Agriculture, Hospitality, Education, and Real Estate. We have an emphasis on the Green Economy, including transition to clean energy and promoting alternative practices to fight climate change. We specialize in later-stage investments, targeting matured companies with robust fundamentals and growth potential.
Our investment process integrates Environmental, Social, and Governance (ESG) factors, rigorously evaluating potential investee companies’ ESG performance to align with sustainability goals, mitigate risks effectively, and contribute to Nepal’s sustainable future.
Our vision is to build an ecosystem in Nepal, which fosters prosperity and positive change for business and communities alike in an investment ecosystem.
Our mission is to create value for all stakeholders through investment in innovative businesses, employee opportunities creator and promoting sustainable development.
NIBL Equity Partners is a Private Equity Fund structured under the Specialized Investment Fund (SIF) regulations of 2075 with a lifespan of 15 years with target fund size of NPR 10 billion.
NIBL Equity Partners
Close-Ended Private Equity
NIMB Ace Capital
Nepal Investment Mega Bank
NPR 10b
2 Years
6 Years
15 Years
NIMB Ace Capital Limited, our fund manager, is a subsidiary of Nepal Investment Mega Bank Limited, established in 2011. Specializing in merchant, investment banking, and asset management, NIMB Ace Capital has a comprehensive range of services, including public offering and underwriting of securities, trusteeship services for bond issuances, and ancillary services such as Registrar to Shares, Debentures, and Bonds, along with Corporate Advisory.
With an impressive record of accomplishment, NIMB Ace Capital Limited manages assets totalling NPR 5 billion in Portfolio Management Services and NPR 6.8 billion in Mutual Funds. This includes the first Open-Ended Systemic Investment Plan Mutual Fund with a total size of NPR 2.6 billion, contributing to a remarkable NPR 12 billion in assets under management.
Nepal Investment Mega Bank Limited, licensed as a Class “A” financial institution by the Nepal Rastra Bank, has been a prominent commercial bank since its establishment in 1986. Originally Nepal Indosuez Bank, it transformed into Nepal Investment Bank in 2002 under the leadership of Mr. Prithivi Bahadur Pande. NIMB has become one of Nepal’s largest banks, securing six Bank of the Year awards from The Banker. NIMB Ace Capital emerged as a spin-off from NIMB, establishing itself as an independent entity, excelling in merchant and investment banking while aligning with new regulations.
The Investor Advisory Board, comprising of 3 members, one from fund manager, one from anchor investor and one from other unitholders. Investors Advisory Board is responsible for overall supervision of the Fund operations and providing guidance, strategy where required on behalf of the unitholders.
Advisory
Mr. Anil Keshary Shah is a key figure in Nepal's finance sector, renowned for his role as the CEO of Nabil Bank Limited. Under his leadership, the bank has undergone modernization and expanded its services.
Investor Advisor Member
Mr. Arvind Mathur, a CFA charter holder, has over four decades of investment expertise spanning private equity, listed markets, and fixed income. As Chairman and President of the International Institute of Venture Capital, Private Equity and M&A, and an advisor to a portfolio institution of a $12 billion US private equity fund, he has worked closely with global investors and Sovereign Wealth Funds, including GIC, Temasek, ADIA, Bank Negara Malaysia, and CalPERS. He is a former staff member of the Asian Development Bank. He completed advanced training programs at Harvard Business School, Columbia Business School, and various New York-headquartered investment banks, including Citi & Goldman Sachs. He has helped structure infrastructure and private equity funds across Asia and delivered professional training in leading financial centers worldwide. In his non-executive role as Investor Advisor Member, he supports the fund by advising on ESG, governance, and helping in capacity-building.
Advisory
J.B. Rajbhandary, a chartered accountant and senior partner at J.B. Rajbhandary & DiBins, served on the 2nd Council of the Institute of Chartered Accountants of Nepal in 2000 AD. He also has work experience in India, the United States, the United Kingdom, and France.
Investment Committee comprising 3 experienced members appointed by NIMB Ace Capital Limited. They are committee oversees all investment decisions.
Chairman
Mr. Tibrewal is a registered Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). He is the CFO at Nepal Investment Bank Ltd with over 24 years of experience in accounts, finance, taxation, and audit. Also served as Assistant Manager for Deloitte Haskins & Sells, UK.
CEO
Mr. Shivanth B. Pande holds master's degree in financial economics from the University of St. Andrews, Scotland, UK. He has worked as consultant in Deloitte Touche Tohmatsu Emerging Markets Group, London. Over 19 years of experience in the field of finance include the area of expertise in Economic Research and Financial Analysis, Mobile Banking, SME Finance, Private Equity, and Venture Capital.
Head of Corporate Credit
Over 24 years in banking sector overseeing credit division and exposed to various sectors in Nepal.
The management team at NIBL Equity Partners is comprised of dynamic professionals committed to driving strategic investments, working closely with NIMB Ace Capital Limited.
CEO
Mr. Shivanth B. Pande holds a master's degree in financial economics from the University of St. Andrews, Scotland, UK. He has worked as consultant in Deloitte Touche Tohmatsu Emerging Markets Group, London. Over 19 years of experience in the field of finance include the area of expertise in Economic Research and Financial Analysis, Mobile Banking, SME Finance, Private Equity, and Venture Capital.
General Manager
Mr. Dhungana is a Chartered Accountant from the Institute of Chartered Accountants of Nepal (ICAN) and bachelor's degree and Diploma in IFRS from ACCA. Holds over 20 years of experience specializing in the field of Investment Banking, Merchant Banking, Wealth Management, Investment, Auditing, Accounting, Consultancy, Due Diligence Audit including 7 years of experience in HLB P.L. Shrestha & Co. and served as Manager- Assurance & Audit at S.R. Pandey & Chartered Accountants for 3 years and over 10 years of experience in Nepalese Capital Markets in Merchant Banking and Investment Banking, where he served as Chief Operating Officer at Nabil Investment Banking Ltd for over 2.5 years.
Investment Team compromises of skilled and dedicated group who focuses on identifying and capitalizing on strategic opportunist.
Investment Manager
Mr. Mandal is an ACCA member, who holds more than 7 years of progressive experience in Private Equity and Venture Capitalism (PEVC), transaction advisory, Due Diligence Audit (DDA), Financial planning and analysis (FP&A), and audit across various companies and organizations in Nepal.
Investment Associate
Mr. Karna holds an MBA in Finance from Symbiosis International University, Pune. He has over four 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.
Senior Investment Associate
Rajshree holds a Master’s degree in Quantitative Finance from Northeastern University, Boston and brings three years of work 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. Rajshree 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 Associate
ACCA with 6+ years with a solid background in the banking industry. Expertise spanning in Treasury Management, Risk Management, Finance, Accounting, Financial Modelling, Valuation, and known for confidently navigating complex financial landscapes with precision.
Investment Analyst
ACCA Finalist with 3 years of Private Equity experience, built upon a strong foundation gained through an insightful internship. Specializes in financial modeling, valuation, and investment analysis, contributing to deal execution and gaining exposure to fundraising dynamics.
Investment Associate
Ms. Suwal holds an MBA in Finance from Ace Institute of Management and a Bachelor’s degree in Development Studies with a specialization in Economics from National College. She has over four years of experience in branding and marketing, finance, and project management, along with a broad perspective on socio-economic issues.
Investment Associate
Chartered Accountant from Institute of Chartered Accountants of Nepal (ICAN) with over 5 years of experience in auditing, accounting, internal controls, and financial management. She has a strong background in leading high-performing teams and conducting in-depth audits across various industries, delivering actionable insights to drive performance and strengthen internal frameworks. With expertise in accounting principles and Nepal Financial reporting Framework (NFRS), she is skilled in improving operational efficiency and supporting strategic growth.
Investment Analyst
Economics graduate specializing in policy impact with experience across key applied economic fields. 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.
Investment Associate
Riya is a graduate of Augustana College with a bachelor's degree in business management, specializing in Finance, Marketing, and Data Analytics. She brings three and a half years of experience across high-growth technology sectors, including e-commerce, ridesharing, and AI. She has hands-on exposure to branding and marketing, campaign performance analysis, data analytics, market research, and UI design. Riya brings analytical judgment based on a market-driven perspective to evaluate business performance, understanding competitive landscape, and supporting strategic decision-making.
