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.
To catalyze a resilient and inclusive business ecosystem in Nepal by backing purpose-driven enterprises that generate measurable social and environmental impact alongside sustainable financial performance. By integrating global ESG standards with local insights, NIBL Equity Partners aims to create a long-term value for investors while advancing shared prosperity across the Nepalese economy.
At NIBL Equity Partners, we provide a investment platform that delivers attractive financial returns while acting as a catalyst for sustainable growth, responsible leadership, and inclusive economic transformation across Nepal.
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 6.2 billion in Portfolio Management Services and NPR 11.5 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 17.7 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.
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.
Investor Advisor Member
Mr. Upendra Poudyal has nearly four decades of experience across commercial banking, investment banking, and values-based sustainable finance, bringing a deep and nuanced understanding of Nepal’s financial ecosystem. He currently serves as the Asia Pacific Regional Representative of the Global Alliance for Banking on Values (GABV) and is the Chairman of the Advisory Committee of the Post Graduate Diploma in Sustainable Business Management programme of the School of Management, Tribhuvan University.
He has previously served as Chairman of Nabil Bank Ltd., Nepal’s first joint-venture bank, and Chief Executive Officer of NMB Bank for 17 years, leading major advancements in governance, risk management, and sustainable banking. He has contributed as a banking expert to ESG and Environmental and Social Risk Management capacity-building programmes supported by IFC, FMO, and Invest for Impact Nepal.
His contributions to strengthening Nepal’s banking sector have been recognized by the Government of Nepal with the Prawal Janasewa Shree (Fourth).
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.
Chief Executive Officer
Shivanth B. Pandé 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.
Chairman
Sachin 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.
Head of Corporate Credit
Mr. Sushil Shrestha, an MBA graduate from SIBM Pune, has over 24 years of banking experience. He has held key roles at NIMB Bank, including in remittance, corporate credit, and as Province Manager.
The management team at NIBL Equity Partners is comprised of dynamic professionals committed to driving strategic investments, working closely with NIMB Ace Capital Limited.
Chief Executive Officer
Mr. Shivanth B. Pandé 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.
Co-Head of NIBL Equity Partners
Ritu Pradhan has over 16 years of experience in leading investment initiatives across various sectors. She has held leadership positions in private equity and traditional commercial banking for SMEs, where she has successfully mobilized investments and led strategic growth efforts.
Ritu has also played a key role in Nepal’s first IFC-backed private equity fund. In her past role as Country Lead for CrossBoundary in Nepal, she worked to unlock capital for sustainable growth in the agricultural sector. She led several strategic initiatives, including USAID’s efforts to enhance trade and competitiveness for Nepal’s MSMEs in agriculture, digital services, and tourism, which expanded access to both financial and non-financial products.
Her experience spans managing buy-side deals, evaluating investments based on IFC’s ESG and GIIN principles, and piloting climate-focused investments for SMEs. Ritu is also a strong advocate for gender-lens investing, having led the Invest2Equal initiative, which applies the 2x principles to drive gender equality in investments.
Additionally, Ritu has designed innovative financing mechanisms, including technical assistance, grants, and blended finance, to support the growth, resilience, and recovery of Nepal’s private sector.
Deputy Chief Executive Officer
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.
Sr. 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.
Sr. Investment Manager
Mr. Subedi holds a Chartered Accountancy degree from the Institute of Chartered Accountants of India and Nepal in addition to the master’s degree in economics from Tribhuvan University. He has over 15 years of experience in auditing, assurance as well as economic, credit and investment analysis, in leading roles. Before joining NIBL Equity Partners, he served as Head of Credit Rating Division at ICRA Nepal Limited (a subsidiary of ICRA Limited - an affiliate of Moody’s Investors Service. Therein, he played a key role in shaping ICRA Nepal’s analytical standards, presiding over the credit assessment for issuers across banking, finance, corporates and infrastructure sectors and managing various stakeholders including investors and regulators. His prior professional experience also includes his tenure as senior associate at CSC & Co. Chartered accountants, the leading accounting firm in Nepal.
Investment Manager
Suyash Kharel is a CFA charterholder and an MBA graduate from the University of Toronto (Rotman School of Management) with over five years of experience across private equity 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
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.
Investment Analyst
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
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
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 & ESG Analyst
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 & ESG Analyst
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.
Investment Associate
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
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.
