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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Private equity, venture capital investments into Asia in 2017 overtook Europe for first time

Private equity (PE) and venture capital (VC) investments into South-east Asia hit a record US$23.5 billion in 2017, going by an inaugural report by the Singapore Venture Capital & Private Equity Association (SVCA).

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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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Avendus to raise Rs 3,000 crore via AIFs

Avendus Capital is raising Rs 3,000 crore to expand its kitty on alternative investments, with the financial services firm targeting family offices, high net worth individuals and corporate treasuries to sell its products.

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Limits notified for tax breaks to angel investors

The government announced it had exempted investments by individuals in some categories of start-ups from the so-called ‘angel tax’. The notification says start-ups may avail of the tax concession only if total investment, including funding from angel investors (those who make the initial equity investment) does not exceed Rs 100 million.

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The Digital Challenge Through A Private Equity Lens

The digital revolution is presenting a bewildering mix of risks and opportunities for investors. At a time when technology is disrupting markets and transforming businesses with alarming speed, the risk of getting blindsided is an ever-present concern. Yet it cuts both ways. The explosion of data, analytics and connectivity has dramatically enhanced PE funds’ ability to assess companies in due diligence and to improve their performance during the holding period. As markets rapidly transform, funds can find as many opportunities as risks if they have developed the ability to handicap change better than the competition.

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SEBI puts in place detailed modality on beneficial owners of FPIs

Market regulator SEBI came out with a circular on 10th April giving detailed framework in order to identify and verify beneficial owners of foreign portfolio investors (FPIs). Beneficial owner (BO) is the natural person, who ultimately owns or controls an FPI. Under the framework, beneficial ownership of FPIs having structure of company or trust should be identified on controlling ownership interest and control basis.

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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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It’s A Seller’s Market For Private Equity Funds

With public markets strong and asset valuations high, private equity funds took advantage of a seller’s market in 2017. Exit value jumped 8.6%, to $366 billion, and the number of exits increased 3% to 1,063. Sellers saw strength across channels and geographies.

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Blockchain Platform To Tokenize “Antiquated” Alternative Investments Sector

An established, award-winning financial services company is vowing to “create huge efficiencies and scalability” for the alternative investments industry by implementing Blockchain and “tokenizing an antiquated system.”

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