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
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.
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 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.
Deputy CEO
Mr. Thapa holds Master of Science, Accounting and Finance, from University of Bath, Bath, UK. With over 20 years of experience specializing in strategy, partnerships, economic and financial analysis, and program and operations management working with both public/development and private sectors to secure desired results through innovative solutions, including 7 years at Beed Management Private Limited where he served as a Management Consultant and Financial Advisor in various sectors, as Head of Department for Business and Trade at British Embassy Kathmandu and as Mul Sector Business Conglomerate in New Business Development Unit at Chaudhary Group and as General Manager at Moses Private Limited – Strategic Partner of Frost & Sullivan (Research and Consulting Services) and as CEO at Silver Lining Private Limited (Data Centre and Cloud Services).
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
Ms. Adhikari is a Chartered Accountant qualified in Dec 2015 from Institute of Chartered Accountants of Nepal (ICAN). She holds the professional experience of 11 years associated with S.R Pandey & Co, Audit Firm, Nepal Clearing house Ltd (NCHL) and NMB Bank Ltd. She has significant insights with regards to financials modelling, financial planning and analysis, project financing, corporate advisory, credit and risk analysis, audit and assurance.
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 Analyst
Mr. Kharel, an ACCA member, currently pursuing CFA certification, holds over 7 years of professional experience in Private Equity, Banking & Audit Firm. His skillset includes Financial Modelling, Term Sheet preparation, Valuation, Project Financing, Corporate and Retail Credit. Additionally, he possesses experience in Statutory and Internal audit across various organizations in Nepal.
Investment Analyst
Ms. Thapa is an MBA graduate with specialization in Finance, having more than 2 years of experience in credit rating agency licensed by Security Board of Nepal (SEBON). She has honed skills in analysing financial data, assessing risk, and making informed credit rating decisions across diversified business sectors including BFIs, Energy, Hospitality, Manufacturing and other Trading and Service Business. She is passionate about financial markets and always eager to learn and grow in this dynamic industry.
Investment Analyst
Mr. Karna is Master in Business Administration Graduate in Finance from Symbiosis International University, Pune. With over 2 Years of experience in in Private Equity, Finance and Business. His in-depth knowledge spans various industries, including Capital Markets, Healthcare, Hydropower, and Manufacturing. Mr. Karna's proficiency in Finance and his practical exposure highlights his ability to navigate complex financial landscapes.
Legal Officer
Mr. Subedi is a Licensed Advocate in Nepal with more than 4 years of experience, specializing in corporate and commercial law. Previously, he worked as an Associate in a commercial Law firm. Mr. Subedi has experience across various legal domains, including private equity, corporate compliance, mergers and acquisitions, taxation, contract drafting and negotiation. Mr. Subedi holds a B.A.LLB Degree from Tribhuvan University and a Master of Laws (LLM) from South Asian University in New Delhi, India.
Research Analyst
Ms. Suwal holds Master of Business Administration in Finance from Ace Institute of Management and Bachelor's in Development Studies specialization in Economics from National College. With over 4 years of experience in branding and marketing, finance and project management with the broader perspective on socio-economics issues.
