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142, 14th Floor, Maker Chambers VI, Nariman Point, Mumbai - 400021

7, Avighna House, 82, Dr. Annie Besant Road, Worli Naka, Siddharth Nagar, Worli, Mumbai, Maharashtra 400018

SEBI Office: Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra(East), Mumbai - 400051

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SEBI Office: 2nd Floor, Jeevan Mangal Building, No.4, Residency Road, Bengaluru - 560025

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SEBI Office: 7th Floor, 756-L, Anna Salai, Chennai - 600002

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Centre A, 8th Floor, Alapatt Heritage Building, MG Road, Kochi - 682035

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Unit No. 701, A Wing, 7th floor, Sunteck Kanaka Corporate Park, Patto, Panjim, Goa - 403001

SEBI Office: 6th Floor, EDC House, Atmaram Borkar Road, Panaji - 403001, Goa

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WeWork Krishe Emerald – 03B104, Kondapur Main Road, Laxmi Cyber City, Whitefields, Kondapur, Hyderabad, Telangana 500081

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Waterfield Advisors announces the final close of its Fund of Funds I at INR 540 Crores

ANNOUNCEMENT • PRESS RELEASE
Waterfield Newsroom
December 07, 2022

Mumbai, India, December 07, 2022: Multi-family office Waterfield Advisors announces the final close of its Fund of Funds I at INR 540 Crore. 

The fund was launched in early 2021 to raise INR 500Cr with the first close done in June 2021 at INR 200Cr. The fund is now oversubscribed, with the final close marked at INR 540 Cr. Till date, ~64% of the fund has been committed to five funds across private equity and venture capital funds with ticket sizes ranging USD 5mn-10mn and ~6% of the fund has been invested in one company as a co-investment.

Reflecting on the achievement, Siddharth Jhunjhunwala, Head – Fund of Funds, Waterfield Fund Managers said, “India is clearly at an inflection point of creating a sustainable and a mature PE/VC ecosystem. And to capitalise on this, we at Waterfield have not only been early movers but have also very thoughtfully stitched together a platform that provides private market investors an opportunity to invest in the ecosystem through an institutionalised setup which is backed by an experienced team and a thoughtfully constructed strategy. Our endeavour is to be a ‘one stop solution’ for both domestic and international investors, when it comes to investing in the growing PE/VC ecosystem.”

The Waterfield Fund of Funds platform was primarily set up to address the challenges faced by domestic investors while allocating money to PE/VC funds, and to help institutionalize domestic capital to allow family offices and HNIs to participate in this asset class by partnering with top quartile fund managers in India with required bargaining power for certain rights like preferential economics, LPAC seat, co-investments, and pro rata in subsequent funds.

The Fund has a very well aligned investment strategy with investor-friendly terms as carry and management fees are lower than the current market standards. Approximately 70% of the fund will be deployed into 5-6 PE/VC funds that focus on early-stage venture to growth stage private equity in India and the remaining 30% of the fund will be deployed directly in 4-5 companies as co-investments.

Rohan Paranjpey, Managing Director - Alternative Investments, Waterfield Advisors, commented on the milestone, “In India, the concept of Fund of Funds was unheard of and GPs preferred to raise international capital since international investors are large cheque writers & understand the asset class. As pioneers of Fund of Funds in the country, our aim was to bring the Indian investors up to speed with how global investors look at the market, and at the same time be a partner to GPs. Arriving at the final close of our first FoF, we have got a great set of GPs across all the stages of investing, and the portfolio is extremely thoughtfully constructed. What truly sets us apart is our deep understanding of the Indian PE/VC ecosystem. Since both Siddharth and I have been direct investors, we know the major players, & have witnessed the space evolve over the past 7-8 years. This understanding makes the Waterfield Fund of Funds unique."

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Your legacy awaits



Topic of Enquiry*:


How did you discover Waterfield?







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Follow Us
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Offices
Mumbai
+91-22-66210700

142, 14th Floor, Maker Chambers VI, Nariman Point, Mumbai - 400021

7, Avighna House, 82, Dr. Annie Besant Road, Worli Naka, Siddharth Nagar, Worli, Mumbai, Maharashtra 400018

SEBI Office: Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra(East), Mumbai - 400051

Noida
+91-88-60824008

18B106, 18th Floor, Berger Delhi One, Sector 16B, Noida - 201301

SEBI Office: NBCC Complex, Office Tower-1, 8th Floor, Plate B, East Kidwai Nagar, New Delhi – 110023

Bengaluru
+91-80-67433089

815, 8th Floor, The Estate, Regus Business Centre, Dickenson Road, Bengaluru - 560042

SEBI Office: 2nd Floor, Jeevan Mangal Building, No.4, Residency Road, Bengaluru - 560025

Chennai
+91-44-66385532

Workafella No.10, Uthamar Gandhi Salai, Nungambakkam High Road, Nungambakam, Chennai - 600034

SEBI Office: 7th Floor, 756-L, Anna Salai, Chennai - 600002

Kochi
+91-484-4148112

Centre A, 8th Floor, Alapatt Heritage Building, MG Road, Kochi - 682035

SEBI Office: 6th Floor, Finance Tower, Kaloor, Kochi - 682017

Goa
+91-99-23191607

Unit No. 701, A Wing, 7th floor, Sunteck Kanaka Corporate Park, Patto, Panjim, Goa - 403001

SEBI Office: 6th Floor, EDC House, Atmaram Borkar Road, Panaji - 403001, Goa

Hyderabad
+91-98-21084780

WeWork Krishe Emerald – 03B104, Kondapur Main Road, Laxmi Cyber City, Whitefields, Kondapur, Hyderabad, Telangana 500081

Pune
+91-77580-42089

1-111, Raheja Woods 8, Central Avenue, Kalyani Nagar, Pune, MH 411006