Waterfield Advisors announces the first close of its Rs 500 Cr Fund of Funds

Waterfield Advisors, India’s largest Multi-Family Office and wealth advisory firm, today announced the first close at Rs. 200 Crs of its maiden Rs 500 Cr Fund of Funds (FoF), raising 40% of the target corpus within 3 months of receiving SEBI approval. The fund has an additional Rs. 250 Cr green-shoe option, which Waterfield expects to exercise to achieve a final close of the Fund by end September this year.

The first close saw commitments from well-established single family offices and ultra-high net worth (UHNW) individuals, who see the FoF as an opportunity to build a well-diversified portfolio of top quartile domestic venture capital and private equity funds.

The FoF is a pioneering effort to create institutional capability that transcends what individual investors on their own can achieve. It will leverage the expertise and access of Waterfield to enable investors to secure preferential access, better economics and rights which are generally reserved for institutional investors.

Soumya Rajan, Founder & CEO of Waterfield Advisors commented “We are delighted to announce the first close of our Fund of Funds, which reaffirms the need for more institutional domestic capital to enter the Private Equity and Venture Capital (PE/VC) space in India and support home-grown managers. We are particularly encouraged by the strong support we have received from Family offices, UHNI and HNI’s who recognise the benefits of our strong analytics capabilities and relationships in the PE/VC space, which help them access top-quartile managers, with the additional benefit of institutional rights.”

About Waterfield Advisors

Waterfield Advisors is India’s leading Independent Multi-Family Office and Wealth Advisory Firm. Established in 2011, we advise on over USD 3.6 Billion of assets on behalf of several prominent Indian business families whom it serves from its 6 offices in India.

A signatory of UNPRI, Waterfield Advisors was the first wealth management firm in India to pioneer fee-based investment advisory without any conflict of interest. Waterfield advises its clients on financial and estate planning, succession planning, family governance and philanthropy.