Baer Capital plans four new funds over next 3 years
Baer Capital Partners, a private equity firm launched last year, unveiled its plans for the next three-year period, which include launching four funds besides foraying into investment banking, wealth management and private banking in the country.
By PTI |
MUMBAI: Baer Capital Partners, a private equity firm launched last year, unveiled its plans for the next three-year period, which include launching four funds besides foraying into investment banking, wealth management and private banking in the country.
"We plan to launch a $250-million hedge fund this year-end followed by a market-benchmarked fund and a dedicated infrastructure fund by mid-next year," Baer Capital Partners Founder and President Alok Sama told media here.
The market-benchmarked fund and the infrastructure fund would be around $100-million and USD 400-million respectively, he said.
Specialised sector-specific funds focusing on media, healthcare and life-sciences are planned for launch in the next 2-3-year period.
Baer Capital also plans to launch its investment and private banking and wealth management businesses in the country in the medium-term.
"We plan to enter these businesses in the next two-three years," Sama said.
On the hedge fund planned for launch end-this year, Sama said that a team was presently being put in place for managing the fund.
"This will focus only on listed mid-cap companies and will have the flexibility to use futures options to guard against market declines," Sama said, adding that "investment will be across sectors."
Investors in this fund will be mainly institutions, predominantly drawn from Europe, the Middle-East and the US with a small presence of high networth individuals," he said.
"We plan to launch a $250-million hedge fund this year-end followed by a market-benchmarked fund and a dedicated infrastructure fund by mid-next year," Baer Capital Partners Founder and President Alok Sama told media here.
The market-benchmarked fund and the infrastructure fund would be around $100-million and USD 400-million respectively, he said.
Specialised sector-specific funds focusing on media, healthcare and life-sciences are planned for launch in the next 2-3-year period.
Baer Capital also plans to launch its investment and private banking and wealth management businesses in the country in the medium-term.
"We plan to enter these businesses in the next two-three years," Sama said.
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On the hedge fund planned for launch end-this year, Sama said that a team was presently being put in place for managing the fund.
"This will focus only on listed mid-cap companies and will have the flexibility to use futures options to guard against market declines," Sama said, adding that "investment will be across sectors."
Investors in this fund will be mainly institutions, predominantly drawn from Europe, the Middle-East and the US with a small presence of high networth individuals," he said.
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