Lily Growth Fund (LGF) was established in 2022 with the aim of applying a private equity and venture capital mindset to public markets. The fund focuses on identifying and concentrating capital in exponential growth opportunities — principally within the artificial intelligence and technology supercycle — while retaining the flexibility to pursue other high-conviction ideas as they arise.
The founder has generated the majority of his personal capital through this investment philosophy and has committed substantial proprietary capital to the fund, investing on equal terms alongside outside investors. LGF completed three full calendar years in December 2025.
The fund's philosophy is straightforward: a few great ideas, executed with conviction and patience, are all that is required to generate outsized long-term returns.
Asymmetric risk-reward through deep focus on a small number of high-conviction positions.
A private equity approach to public markets. Volatility is opportunity, not risk, for the long-term investor.
We sell when valuation is excessive or the original business thesis has materially changed.
We always maintain a cash reserve to protect downside and ensure we can act when opportunities arise.
This website is intended solely for professional and institutional investors and does not constitute an offer to sell or a solicitation of any offer to buy shares in the fund in any jurisdiction, or to any person to whom it would be unlawful to make such an offer. Past performance is not indicative of future results. Investment in the fund involves risk, including the possible loss of principal. Prospective investors should review the fund's offering documents carefully before investing.
Grenville serves as CIO and Fund Manager of Lily Growth Fund Ltd., a Cayman-domiciled fully regulated hedge fund. He brings over 40 years of extensive financial and investment experience spanning sub-brokerage, institutional advisory, investment banking, and proprietary fund management.
He began his career on the Bombay Stock Exchange (1988–1992) before joining Arthur Andersen in India and Singapore (1993–1997), where he headed the India desk in Singapore advising high-profile businesses. In 1998, he joined Morgan Stanley, working across their Hong Kong and London offices — structuring equity arbitrage solutions for clients and managing a listed securities and derivatives fund.
Over the past decade, Grenville has delivered exceptional investment performance by focusing on high-quality, disruptive technology businesses. He has been a lead speaker at numerous investment forums and a guest lecturer at universities on investing themes.
This website is intended solely for professional and institutional investors and does not constitute an offer to sell or a solicitation of any offer to buy shares in the fund in any jurisdiction, or to any person to whom it would be unlawful to make such an offer.
All enquiries are handled personally by the fund manager. For subscription information, please contact us and we will provide the relevant documentation and introduce you to the fund administrator.
This website is for informational purposes only and is directed solely at professional and institutional investors. It does not constitute an offer or solicitation to buy or sell securities. Investment in the fund involves significant risk. Prospective investors should read the fund's offering documents in full and seek independent professional advice before investing. Lily Growth Fund Ltd. is regulated by the Cayman Islands Monetary Authority (CIMA).