Nikhil Kamath's AIF True Beacon in talks with Middle East funds for partnership - Arabianbusiness

Nikhil Kamath's AIF True Beacon in talks with Middle East funds for partnership - Arabianbusiness

Nikhil Kamath, India’s celebrated start-up investor and fund manager, is in discussions with some of the leading sovereign funds and investment firms in the Gulf region for a partnership deal with True Beacon, his alternative investment fund (AIF).

Besides sovereign wealth funds, institutional investors and family-managed offices are among the investment entities on True Beacon’s radar for the proposed partnership deal, under which it proposes to manage a specified corpus of a fund in the region for investments in India.

“Yes, we are currently in talks with some of the investment funds in the Middle East for a partnership deal,” Kamath told Arabian Business.

“We are quite hopeful on this, though nothing has been finalised yet,” he added.

Though most of the leading investment firms in the Gulf region have offices in India to manage their India investment plans, there are instances of some of the investment funds in the Middle East parking specified amount of funds with asset management companies in India under exclusive arrangements for managing their investments in certain sectors in the country.