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Julius Baer closes India equity fund

The Rs3bn India Equity Fund 1 is Julius Baer's maiden India alternative investment fund.

Julius Baer has raised more than Rs3bn ($36.13m) for its India Equity Fund 1.

The close-ended category three (Cat III), alternative investment fund (AIF) invests in companies undergoing strategic transformation due to broad macro shifts such as demographic change and increased digitalisation.

It also invests in companies undergoing transformation triggered by company-specific events such as corporate restructurings.

“Over the past few years, AIFs have grown tenfold and have evolved as a popular investment vehicle for clients in India. We received our Cat III AIF license in 2023 and are pleased by the overwhelming response to our maiden India Equity Fund 1 – a clear testament to the confidence in our investment team’s robust track record,” said Umang Papneja, CEO of Julius Baer India.

“As the market needs evolve, we will continue to evolve our produce suite, offering distinctive and diversified investment solutions to meet the changing needs of our UHNI (ultra high net worth individual) clients in India.”

Part of the Mark Allen Group.