Avendus-owned UK asset manager Ocean Dial floats maiden public equity fund

UK-based Ocean Dial Asset Management, acquired by financial services firm Avendus Group last year, has launched a maiden public equity fund that aims to raise Rs 1,500 crore ($221 million).

The alternative investment fund has already received commitment of Rs 50 crore ($7.4 million) from anchor investors including family offices and high net-worth or very wealthy individuals.

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Edelweiss Alternate Asset Advisors raises Rs. 2,000 crore fund

Edelweiss Alternative Asset Advisors Ltd, a unit of the Edelweiss group, achieved the targeted base offering size of Rs. 2,000 crore for its infrastructure sector focused fund—Edelweiss Infrastructure Yield Plus Fund. The fund aims to raise another Rs. 4,500 crore via a green shoe option in the next 12 months, the company said in a statement.

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Sebi issues Clarification on Clubbing Investment Limits of Foreign Govt, Related Entities.

Markets regulator SEBI issued a circular on 10th April 2018 clarifying on clubbing investment limits of foreign Government and foreign Government related entities from the same jurisdiction. According to SEBI they will be considered a single Foreign Portfolio Investor (FPI) for the investment cap of 10 per cent in a listed Indian company.

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Angel Tax: Indian Startups May Get Policy Boost From Indian Govt.

In a recent notification, while the Income Tax department has already halted angel tax recovery operations from startups, it appears that the Indian government is now considering to provide certain exemption to angel investors under Section 42 of the Companies Act.

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Webinar: Union Budget 2018 – Impact on AIFs, 19th Feb at 4.30PM

Indian Association of Alternative Investment Funds (IAAIF) is organising a webinar on “Union Budget 2018 – Impact on Alternative Investment Funds”. As a part of its objectives, IAAIF is committed to promote the professional development of the alternative investments industry and curating industry focused high quality education programs, events and professional & investor education initiatives. 

The Union Budget 2018 – Impact on Alternative Investment Funds webinar is scheduled on Monday 19th Feb 2018, from 4.30 PM to 5.30 PM. Webinar link:

http://aiwmindia.wiziqxt.com/online-class/302945

The webinar session will be conducted by Mr. Girish Vanvari, National Head of Tax, KPMG in India and Mr. Vikram Naik, Partner Deal Advisory Tax, KPMG in India

IAAIF Webinar: Union Budget 2018-Impact on AIFs 13th Feb 2018

Indian Association of Alternative Investment Funds (IAAIF) is organising a webinar on “Union Budget 2018 – Impact on Alternative Investment Funds”. As a part of its objectives, IAAIF is committed to promote the professional development of the alternative investments industry and curating industry focused high quality education programs, events and professional & investor education initiatives. 

The Union Budget 2018 – Impact on Alternative Investment Funds webinar is scheduled on Tue 13th Feb 2018, from 4.30 PM to 5.30 PM. Webinar link:

http://aiwmindia.wiziqxt.com/learner/online-class/300622

The webinar session will be conducted by Mr. Girish Vanvari, National Head of Tax, KPMG in India. Girish has over two decades of consulting experience, wherein he laid the foundation of the Mergers and Acquisitions (M&A) tax and International Tax practices at KPMG in India. His experience includes advising on several significant M&A deals and restructuring transactions in India on a year-to-year basis, along with advising well-known transnational organisations and many leading Indian enterprises on regulatory, tax, financial and business related matters. He is a regular speaker/panelist at various M&A and international taxation conferences and seminars. He also regularly contributes articles in several newspapers and business magazines.

 

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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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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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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3rd Annual Credit Summit India 2017 – 29th Aug, Taj Santacruz, Mumbai

The Credit Summit India 2017 (CSI2017) scheduled on 29th August at Hotel Taj Santacruz, Mumbai, is the country’s largest event attracting  professionals from all credit functions.  This Summit is dedicated to special topics in credit risk measurement and management as well as to the discussion of causes and impacts of events on international financial markets and current regulatory activities in the field. The conference is designed to provide an in-depth insight into credit themes, fixed income securities and trends across all major sectors. It is also expected to expand the knowledge on the functioning of the credit / debt business through discussion of both existing and new methods and models of credit analysis, credit risk management and related topics such as relationship lending and regulation.

The conference shall bring together Credit & Fixed Income industry professionals, Regulators, Media, Thought Leaders and Academics active in the field of credit risk management to discuss emerging issues related to: Credit Analysis, Fixed Income, Credit Ratings, Future of Regulations, Credit Portfolio Models & Limitations, Credit Derivatives & Structured Finance, Credit Rating Agencies & Relationship Lending.

Don’t miss out on this biggest and unique gathering of professionals and regulators on Credit. For details on agenda, speakers and to register for the event, please visit: http://www.creditsummit.in/