PE/VC monthly exits highest ever in November worth $2.7 billion

According to EY’s monhtly PE deal tracker, November 2017 recorded the highest monthly value of exits ever with 25 exits worth $2.7 billion. It was mainly on account of one large open market exit that of Qatar Foundation Endowment selling 5 per cent stake in Bharti Airtel for US$1.5 billion. There were two PE backed IPO in November 2017 which saw Kedaara selling 13.6 per cent stake in Mahindra Logistics for US$65 million and Reliance Alternative Investment Fund selling 33 per cent stake in Khadim for US$68 million.

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Fund managers make switch to high-growth AIF industry

Alternative Investment Funds (AIFs) industry is experiencing the influx of top money managers from broking, asset management, and even PE firms. Marquee fund managers are making the switch to newly introduced alternative investment funds (AIFs), which are seeing a rapid growth in commitments thanks to a spike in the number of wealthy investors.

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Everything You Need to Know About Hedge Fund Conversions

Hedge fund conversions—mutual funds that were once hedge funds—are a response to investor demand for better portfolio management tools. For years, investors needed options beyond traditional long-only, buy-and-hold strategies. Demand for alternative strategies has become even more pronounced recently in an environment where years of easy monetary policy across the globe has likely diminished the potential effectiveness of the traditional 60/40 stock/bond portfolio to weather periods of equity market turmoil. With both the equity and fixed income markets near all-time highs, investors are concerned about the risk in traditional portfolios.

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Private equity deals touch over Rs 56,000 crore, M&A activity hits over Rs 13,000 crore in September quarter

Corporate India witnessed significant deal activity in the September quarter this year, as private equity invested $8.7 billion and M&A transactions attracted $2.1 billion, says a report.

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Family Business Summit India 2017 – 10th Nov.

Indian Association of Alternative Investment Funds (IAAIF) is supporting the upcoming event, Family Business Summit India 2017 (FBSI17) scheduled on November 10th at Hotel Shangri La in New Delhi.  FBSI17 is being organised by Association of International Wealth Management of India (AIWMI). AIWMI has been instrumental in bringing niche global concepts in the areas of wealth management, credit, alternative investments and family offices through its series of events and conferences.

Family Owned Businesses have very significant economic impact across the globe. In India, it is estimated that Family Owned firms account for nearly 90% of the industrial output and 27% of employment.  However, it is also a fact that approximately 30% of the family firms make it beyond the 2nd generation and only a third of them survive to the 3rd generation.

This inaugural edition of FBSI17 will bring together entrepreneurs from multi-generational businesses and those building a legacy for their next generations to discuss the most pressing issues faced by family business owners and get inspired by some of the most successful family business leaders from across the country.

The Family Business Summit India is based on the concepts of business succession and wealth preservation brought into focus by AIWMI’s flagship event, the Family Office Summit India (FOSI). Beyond that, FBSI17 will also cover important areas of Family Governance, Sustained Togetherness, Competitive Advantage, Investment Trends, Alternative Investments and much more.

This Summit will provide an excellent opportunity to listen and interact with thought leaders and business leaders share their knowledge and experiences. This is an event primarily for business families but is also a learning ground for private bankers, wealth managers and advisors who are looking for a more in-depth understanding of their High Networth clients’ needs and can re-align their strategies according to their requirements.

Event Website- https://bitsy.in/22B0FA

For more details please write to events@aiwmindia.com

SBAI develops cost disclosure for hedge funds

The Standards Board for Alternative Investments (SBAI), formerly the Hedge Fund Standards Board, an industry body, has developed a standardized figure for expenses and fees that it said would allow investors to better understand, compare and monitor costs across hedge funds and other alternative investment products.

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Private Equity Fund Raising Cools Down

After a record-setting second quarter, new commitments to private capital funds fell over the last three months – but 2017 could still finish on a high note. Prequin, in a report released on Tuesday, 3rd Oct ’17, reported a 31% drop in the fund raised during the third quarter.

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Conference on Institutional Participation in Commodity Derivatives Market – 26th Sept

Indian Association of Alternative Investment Funds (IAAIF) is supporting the Conference on Institutional Participation in Commodity Derivative Markets organised by Federation of Indian Chambers of Commerce & Industry (FICCI) on September 26th, at The St. Regis, Mumbai.  

Securities and Exchange Board of India (SEBI) has recently permitted Category III Alternative Investment Funds (AIFs) to participate in the commodity derivatives market, the first category of financial institutions to participate in this market. IAAIF has been proactively engaged with SEBI by way of representations and meetings for allowing Category III AIFs to participate in commodities segment. It is expected that other categories of financial institutions would, similarly, be allowed over time.

Against this backdrop, FICCI, in partnership with MCX Investor Protection Fund and Thomson Reuters is organizing this day-long Conference to delve on the benefits of institutional participation in Commodity Derivatives market as well as the experience in this segment of other Regulators such as U.S. Commodity Futures Trading Commission.

Participants at the Conference would be fund managers from global financial institutions like mutual funds and ETFs active in commodity-based trading and other institutions who would be participating for the first time in India’s commodity markets.

Participation is based on Invitation only, no payment of fee is required.  However due to limited seats pre-registration is important. To register, visit here or please send your details and details of other participants from your organisation to foram@aiwmindia.com