Wealth advisory agency Waterfield Advisors introduced the primary shut at Rs 200 crore of its maiden Rs 500 crore Fund of Funds (FoF), elevating 40 per cent of the goal corpus inside 3 months of receiving regulatory approval. The fund has an extra Rs 250 crore green-shoe possibility, which Waterfield expects to train to realize a closing shut of the Fund by finish September this yr.
The primary shut noticed commitments from single-family workplaces and ultra-high web value (UHNW) people.
“We’re delighted to announce the primary shut of our Fund of Funds, which reaffirms the necessity for extra institutional home capital to enter the Personal Fairness and Enterprise Capital (PE/VC) house in India and help home-grown funding managers,” mentioned Soumya Rajan, Founder & CEO of Waterfield Advisors.
FoF will leverage the experience and entry of Waterfield to allow buyers to safe preferential entry, higher economics and rights that are typically reserved for institutional buyers.
Established in 2011, Waterfield advises on over $3.6 billion of belongings on behalf of a number of distinguished Indian enterprise households whom it serves from its six workplaces in India.
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