Julius Baer has raised over Rs 300 crore for its first Indian Category III AIF.
The scheme is a closed-end Category 3 Alternative Investment Fund (AIF) and its investments are primarily driven by changes driven by overall macro changes, including favorable demographics, changing regulatory frameworks and increased digitalization.
The fund also invests in companies undergoing tactical changes triggered by company-specific events, such as corporate restructuring through mergers and acquisitions.
Julius Baer believes that these changes will accelerate the growth and improve profitability of these companies within three years.
Over the past few years, AIFs have grown tenfold and have evolved into a popular investment vehicle for Indian clients.
Julius Baer, India’s largest international asset manager, received Category III AIF license in 2023. “We are delighted with the overwhelming response to our first India Equity Fund 1, which is a clear testament to our confidence in the solid performance of our investment team. As market needs evolve, we are committed to meeting the evolving needs of our Indian UHNI clients. We will continue to evolve our agri-food offering while providing unique and diverse investment solutions to meet the needs of our customers,” said Umang Papneja, CEO, Julius Baer India. As a management group and premium brand in this global sector, it focuses on providing service and advice to sophisticated private clients. As of the end of 2023, assets under management amount to $483 billion.
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