Private Equity

Private Equity Fund Investments

Sanctum Wealth raises Rs.78-Cr from Xander Group

Press Release  

Mumbai-headquartered Sanctum Wealth Management has raised INR 78 crore from The Xander Group. The investment will be made through Xander's Singapore-based financial services arm and the funds will be used to strengthen Sanctum's operating platform and increase its client coverage. Zanskar Advisors was the investment banker for the transaction. Sanctum Wealth commenced business in April 2016 through the acquisition of the Royal Bank of Scotland's Indian private banking business. It manages more than INR 16,000 crore for more than 1,100 high-net-worth families in India and abroad. These include the full spectrum of investment services, estate planning solutions, real estate services and private market solutions.

From the Venture Intelligence PE-VC Deal Database: Between Dec-2015 and Mar-2018, Sanctum Wealth Management had raised over USD 12.5 M from Sanctum Wealth Management and Tuscan Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)