The second hedge fund launched by Mumbai based private equity firm, Avendus Capital titled Avendus Enhanced Return Fund (AERF) has crossed Rs. 1000 crore in assets under management within last four months of its launch as reported by the financial service group on Tuesday.
AERF is an alternative investment fund that belongs to close-ended category III.
“The fund will invest approximately 70% of the proceeds in the long-only portfolio, and 30% in the long/short portfolio”, the statement said Andrew Holland and Vaibhav Sanghavi who are already managing Avendus Absolute Return fund will be managing AERF too.
Andrew Holland, CEO at Avendus Capital Public Market Alternate Strategies said,
Investors have been looking for investment opportunities that can make them participate in the medium term growth story and the markets.And at the same time, they want to keep the risk low to avoid any major setbacks. We strongly believe AERF will be successful in capturing investors committed to investing funds in the equity markets but in a risk-adjusted manner
Mumbai based Avendus Capital is currently backed by private equity firms such as Co Lp. and KKR and is working closely on expanding its wealth management and business verticals.
Avendus Capital is a global leader in Mergers & Acquisitions and Private Placement services to mid-market companies in the Enterprise Technology and Services sector.
Avendus Capital’s ET&S practice through its respective registered entities in the US, UK and India provides services to clients in North America, European Union and Asia Pacific. With over 100 transactions in this sector, Avendus brings global thought leadership to help its clients meet their strategic objectives.