Benefits of assured allocation, post IPO valuation gains and better yield on capital
Mumbai, May 22, 2017: IIFL Special Opportunities Fund has garnered commitment of approximately USD 250 million. The fund was launched in February 2017 to generate long-term capital appreciation through investment in equity and equity related instruments of to-be listed companies.
IIFL Special Opportunities Fund is a close ended scheme under Category II Alternative Investment Fund.
Mr. Amit Shah, CEO of IIFL Asset Management Business said, “IIFL Asset Management has been successful in creating a niche for itself in the industry by moving away from regular products. We provide a plethora of differentiated innovative products across asset classes backed by strong holistic research. Within this space, we are one of the largest players across asset classes, whether real estate, fixed income or equities. IIFL Special Opportunities Fund is a unique offering focusing on Pre-IPO and IPO space which has been introduced in India for the first time.”
Speaking on the key features of the fund, Mr. Prashasta Seth, CIO of IIFL Asset Management Business said, “Over the last few years IPO makers have done very well and many IPOs have given triple digit returns. However investors have found it difficult to access the IPO markets and benefit from it. IIFL Special Opportunities Fund is the first attempt to create an organized pool of capital to access this market. We are excited to be the first asset management company to introduce this unique offering to the investor community.”
The fund raised a commitment amount of USD 250 million within just three months of launch making it one of the largest collection from an AIF fund so far. Following the success of the first Series, the company has plans to launch IIFL Special Opportunities Fund – Series 2.
About IIFL Asset Management Limited
IIFL Asset Management Ltd. is part of IIFL Investment Managers (formerly IIFL Wealth & Asset Management Ltd). IIFL AMC is an India-focused global asset management firm. Launched in 2008 with the objective of providing differentiated investment products suited for the market environment, IIFL AMC offers dual capabilities in onshore and offshore asset management. IIFL Asset Management Business refers to licensed asset management activity carried out by IIFL Investment Managers through its group companies based in Singapore, India and Mauritius. The AMC’s differentiated suite of mutual funds, alternative investment funds and venture capital funds span public and private equities, fixed income securities and real estate. Its distinctive products bring out the entrepreneurial edge, agility and speed of execution of a boutique asset management firm.