Waterfield Advisors raises Rs 200 cr on first close of Rs 500-cr fund

The first close saw commitments from single-family offices and ultra-high net worth (UHNW) individuals.

Topics

Waterfield Advisors | fundings


Samreen Ahmad  | 
Bengaluru 

Screenshot

Screenshot

Wealth advisory firm Waterfield Advisors announced the first close at Rs 200 crore of its maiden Rs 500 crore Fund of Funds (FoF), raising 40 per cent of the target corpus within 3 months of receiving regulatory approval. The fund has an additional Rs 250 crore green-shoe option, which Waterfield expects to exercise to achieve a final close of the Fund by end September this year.

The first close saw commitments from single-family offices and ultra-high net worth (UHNW) individuals.

“We are delighted to announce the first close of our Fund of Funds, which reaffirms the need for more institutional domestic capital to enter the Private Equity and Venture Capital (PE/VC) space in India and support home-grown investment managers,” said Soumya Rajan, Founder & CEO of Waterfield Advisors.

FoF will leverage the expertise and access of Waterfield to enable investors to secure preferential access, better economics and rights which are generally reserved for institutional investors.

Established in 2011, Waterfield advises on over $3.6 billion of assets on behalf of several prominent Indian business families whom it serves from its six offices in India.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 10 2021. 19:24 IST