The fund of funds to be raised from Indian family offices will help back successful homegrown PE and VC funds
Multi-family office and advisory firm Waterfield Advisors is raising a $100 million fund of funds (FoF) from Indian family offices, which will back successful homegrown private equity (PE) and venture capital (VC) funds.
A FoF is a pooled fund which invests capital in other funds, allowing its investors diversified access to fund managers, instead of directly investing in individual funds and managing them. While FoFs are major investors in alternative investment funds such as PE, VC, credit and infrastructure globally, in India, there are hardly such structures available currently for HNIs and family offices.
Waterfield has come up with the FoF plan to help Indian family offices with better access to Indian fund managers, said Soumya Rajan, founder and CEO, Waterfield Advisors.
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