Fund News
Wealth mgmt firm Client Associates marks first close of maiden fund at Rs.300-Cr
Gurugram-headquartered wealth management firm Client Associates has made the first close for its maiden Category II alternative investment fund (AIF) at INR 300 crore (about USD 36 million). The Client Associates Alternate Fund (CAAF) would invest in consumer tech startups at Pre-Series A to Series B stages. It will look to back 12-15 companies with cheque sizes in the range between INR 10 crore and INR 50 crore. CAAF will also explore pre-IPO stage opportunities.Client Associates is targeting commitments of INR 500 crore (USD 60 million) by exercising INR 200 crore (USD 24 million) green shoe options and closing the fund by the end of FY25.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
