Kamath’s hedge fund will also be eyeing investment opportunities in the UAE, including in the much sought after real estate assets in Dubai, in a big way with a new investment vehicle to manage pooled funds from residents allowed for overseas investments under India’s amended liberalized remittances scheme
True Beacon
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alternate investment funds
Indian entrepreneur looks to woo cash-rich Middle East investors with maiden wealth fund
The fund, to be launched by Kamath’s investment venture True Beacon later this week, aims to mop up $100 million in the first year of operation
capital market investors
Indian tycoon Nikhil Kamath to launch new funds to woo more Middle East investors
True Beacon, Kamath’s hedge fund, is also planning to seek a portfolio management service (PMS) license on the back of rising non-resident Indian (NRI) interest to invest in the Indian capital market, currently among the best performing globally
Indian NRIs
Star Indian start-up founder Nikhil Kamath to woo cash-rich Gulf-based NRIs with new $200m India-focused fund
True Beacon II is to be launched next week and will have a minimum investment requirement of $1m
alternative investment fund
Nikhil Kamath’s AIF True Beacon in talks with Middle East funds for partnership
The proposed partnership arrangement is for managing a specified corpus of one of the funds in the region for investments in India.
Financial Services
Exclusive: New fund from India’s Nikhil Kamath to target Middle East investors
India’s unicorn equity trading platform Zerodha co-founder seeks to woo Gulf millennials to invest in new fund, which will have a $1 million minimum investment level
Bombay Stock Exchange
Why Indian expats in the Gulf are looking back home for higher stock market returns
Funds such as True Beacon say it has been clocking 20% month-on-month growth in non-resident Indian investments
Indian businessman
Indian entrepreneur Nikhil Kamath looking for Middle East members for new millionaire’s club
Kamath is set to unveil platform for the world’s uber wealthy to facilitate mega business deals among members
alternative investment fund
Why Dubai, Abu Dhabi are on the radar of Indian unicorn founder Nikhil Kamath
True Beacon, a disruptive alternative investment fund, is considering the UAE to launch new fund of up to $1bn