Exclusive: New fund from India's Nikhil Kamath to target Middle East investors - Arabianbusiness
Nikhil Kamath, India’s emerging poster boy of start-ups and stock trading, will be betting on a significant chunk of investors from the Middle East to make his soon-to-be-launched second hedge fund another success.
True Beacon Global is expected to go live by the end of April and will be an open-ended fund in which subscribers can enter or exit anytime after the fund is launched.
Unlike the uber-rich from the region who account for about one-fifth of Kamath’s existing alternative investment fund (AIF) – True Beacon Fund One, this time around, the co-founder of India’s unicorn equity trading platform Zerodha will be wooing Gulf millennials to be part of his new fund.
True Beacon’s new fund will also have a minimum investment level of $1 million for participation, similar to its existing one.
“Our existing fund has about 20 percent participation from the Middle East – both non-resident Indians (NRIs) and local investors combined. We will be targeting a similar participation, if not more, from the region in our new fund also,” Nikhil Kamath, co-founder and chief investment officer of Zerodha and True Beacon, told Arabian Business in an interview.
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