Partnering to Build
Nepal's Private Sector
Growth Engine
Multiply Capital Management Limited (MCML) is a specialized alternative investment firm launching the Aviyan Growth Fund — a NPR 3.0 billion private equity vehicle focused on Nepal's high-potential sectors.
Key Highlights
SEBON-licensed Specialized Investment Fund Manager
Inaugural fund: Aviyan Growth Fund (NPR 3.0B)
Hands-on value creation and governance uplift
Co-investment opportunities for partners
Nepal's Premier
Alternative Investment Manager
Multiply Capital Management Limited (MCML) is a SEBON-licensed Specialized Investment Fund Manager, founded by a multidisciplinary team of entrepreneurs, economists, and investment professionals led by the Aviyan Group.
We focus on private equity, venture capital, and alternative asset classes — delivering superior risk-adjusted returns while contributing to Nepal's economic transformation.
Publicly listed Aviyan Microfinance Limited — demonstrating proven capability in building, scaling, and taking companies to public markets.
Why MCML
Why Invest with MCML
Seasoned, Best-in-Class Team
~225+ years combined experience across banking, private equity, policy, hydropower, and financial services with a proven track record.
Disciplined Investment Process
Rigorous investment framework with robust governance standards and systematic risk management protocols.
Aviyan Group Track Record
Proven ecosystem advantage through successful development of 7 operating companies, including a publicly listed microfinance institution.
Deep Local Market Insights and International Best Practices
On-the-ground expertise with strong execution capability and an extensive network nationally and internationally.
ESG as Guiding Principle
Environmental, social, and governance principles as core components of investment strategy and value creation.
Active Ownership Approach
Hands-on partnership model driving operational excellence, strategic growth, and exit readiness for portfolio companies.
Principles That Guide Every Decision
Integrity & Accountability
Every action guided by ethical standards and full transparency with investors and stakeholders.
Partnership & Trust
Deep alignment with portfolio companies and investors built on shared success and mutual respect.
Innovation & Excellence
Bringing best-in-class practices and creative thinking to Nepal's evolving private capital landscape.
ESG at Core
Environmental, social, and governance considerations are integral to every investment decision.
Disciplined Governance
Rigorous investment processes, regular reporting, and robust risk management at every stage.
Long-Term Value Creation
Sustainable growth and prosperity for investors, portfolio companies, and Nepal's economy.
Three-Pillar Investment Approach
Pricing Arbitrage
Investing at attractive valuations in fundamentally strong, scalable businesses — structuring disciplined entries with downside protection.
Operational Excellence
Actively overseeing portfolio companies to implement measures that enhance overall efficiency, strengthen balance sheets, and create sustainable long-term value.
Exit Optimization
IPO, strategic sale, secondary sale, and promoter/management buyback options — realizing attractive risk-adjusted returns for investors.
Focused on Nepal's
Growth Sectors
A concentrated portfolio across four high-conviction sectors, with 50% allocated to renewable energy — Nepal's most critical growth driver.
Hydropower and solar energy projects with strong growth potential and stable long-term cash flows.
Tourism-driven hospitality and commercial real estate development capitalizing on Nepal's growing inbound tourism.
Export-oriented agriculture and import-substitution manufacturing with strong domestic demand.
High-growth technology startups in financial, education, and health sectors disrupting traditional service models.
Seasoned Professionals.
Proven Track Record.
A multidisciplinary team of economists, bankers, entrepreneurs, and policy experts with a combined ~225+ years of experience across Nepal and global markets.
Investor Portal
Secure Access for
Limited Partners
Access real-time portfolio performance, fund documents, capital account statements, and investment analytics through our encrypted investor portal.
Access Investor Portal