We are trusted and discreet advisors for Limited Parnters to help them navigate the private capital markets landscape across investment advisory for subscription to primary fund issuances, including ongoing advisory to manage such positions to purchase or sale of secondary interests through a variety of structures.
Investment advisory
We offer Limited Partners including high-net-worth individuals, family offices and institutional investors, comprehensive investment advisory services. Our approach includes conducting thorough due diligence on products and managers, deciphering complex products and structures, assisting in the negotiation of fee terms and documentation, and ensuring alignment between products and the investors' strategic objectives.
- Product due dilligence
- Manager due dilligence
- Evaluation and negotiation of fee and commercial terms
- Documentation
- Alignment with investment objectives
Purchase and sale of secondary interests
We assist Limited Partners (LPs) in the acquisition and disposition of secondary positions in existing fund vehicles. Secondary purchases present compelling opportunities, enabling LPs to make targeted investments in identified deals, rather than committing to blind pool vehicles. This approach allows for more precise calibration of value picks to the desired risk-return profile sought by investors. Additionally, secondary purchases offer immediate deployment opportunities, mitigating the inefficiencies associated with prolonged and uncertain drawdowns. On the other hand, LPs seeking early liquidity may pursue secondary sales, which can be structured in various ways to align with both the seller's and buyer's objectives.
- Purchase and sale of secondary interests
- Sourcing of prospects
- Evaluation
- Structuring
- Documentation
- Transactions/structures
- Outright sales
- Preferred equity
- Earn out structures
- Deferred payments
- Leverage
Illustrative Transaction Experience
Private Capital Markets
| Particulars | Structure | Asset Class(es) | Investment (INR Cr)* |
Investment (USD MM)* |
Status |
|---|---|---|---|---|---|
| Set up of fund management platform (across 2 funds, incl. fund set-up, fund raise/placement, fund administration and compliance) | Cat II AIF | Warehousing | 2,500 | 325 | Active |
* Investments translated to USD/INR at approx. exchange rate at time of investment
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