Mumbai, July 17, 2017: IIFL Special Opportunities Fund - Series 2, has garnered a commitment of approximately USD 216 million. The fund was launched in May 2017 as a follow-up after the success of IIFL Special Opportunities Fund that raised ~USD 250 million.
IIFL Special Opportunities Fund – Series 2 is a close-ended scheme under Category II Alternative Investment Fund (AIF). The fund seeks to generate long-term capital appreciation through investment in equity and equity-related instruments of to-be listed companies.
Mr. Amit Shah, CEO of IIFL Asset Management Business said, “The huge success of IIFL Special Opportunities Fund prompted us to launch Series 2. Overwhelming demand by investors coupled with increasing investment avenues given the healthy IPO pipeline has resulted in rising confidence in such a unique product offering. Our AIFs offer our investors various opportunities to invest in securities that are otherwise unavailable to most investors.”
Mr. Prashasta Seth, CIO of IIFL Asset Management Business said, “We are seeing a host of opportunities in the IPO segment over the last few months. We are excited to be the first asset management company to introduce this unique offering to the investor community in India. Through our AIFs, investors augment their portfolios with investments in untapped and niche opportunities. The IIFL Special Opportunities Fund raised ~USD 250 million and the Series 2 fund has further garnered USD 216 mn.
IIFL Special Opportunities Fund – Series 2 has raised such commitment amount within just two months of its launch making it one of the largest collection from an AIF in India.
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 with an 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 includes mutual funds, alternative investment funds and venture capital funds spanning across 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.