{"id":46079,"date":"2024-12-18T17:41:40","date_gmt":"2024-12-18T17:41:40","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/?p=46079"},"modified":"2024-12-18T17:41:40","modified_gmt":"2024-12-18T17:41:40","slug":"artha-global-opportunities-fundbecomes-first-foreign-distressed-debt-fundto-relocate-from-mauritius-to-gift-city","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2024\/12\/18\/artha-global-opportunities-fundbecomes-first-foreign-distressed-debt-fundto-relocate-from-mauritius-to-gift-city\/","title":{"rendered":"Artha Global Opportunities FundBecomes First foreign Distressed debt fundto Relocate from Mauritius to GIFT City"},"content":{"rendered":"

Aims to Achieve $1 Billion AUM in 3 Years<\/strong><\/p>\n

New Delhi, 18th December 2024<\/strong>: Artha Global Opportunities Fund, a Mauritius headquartered and SEBI-registered fund investing in distressed assets and special situations in India has become the first Foreign PortfolioInvestor (FPI) to move its domicile from Mauritius to GIFT City, Gandhinagar in response to PM Modi\u2019s ambition to make GIFT city a world class international financial services centre (IFSC).\"\"<\/p>\n

\u201cOur Radiant Capital Global Opportunities Incorporated VCC Sub Fund 1, launched under the Variable Capital Company (VCC) structure in Mauritius in 2023, has become the first SEBI-registered Category I foreign portfolio investor specialising in distressed assets; to relocate to GIFT City,\u201d said Sachin Sawrikar, Founder & Managing Partner, Artha Bharat Investment Managers IFSC LLP. \u201cThis relocation of the funds permanent establishment aligns with Prime Minister Modi\u2019s vision to establish GIFT City as a global financial hub.\u201d<\/p>\n

As part of the transfer of domicile, Radiant Capital Global Opportunities VCC Sub Fund 1 will merge into a newly established, IFSC-registeredentity named the Artha Global Opportunities Fund<\/strong>. This special situations\/distressed debt fund, is awaiting lenders\u2019 No Objection Certificates (NOCs) to finalize the transition. The fund, with a planned lifespan of 7 years, invests in Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs) in India. Artha Bharat carefully selects SRs representing non-performing loans that are backed by operational assets to ensure that the fund realises returns for investors within its fund life.<\/p>\n

\u201cOur Artha Global Opportunities Fund is on track to deliver over 5x returns on invested capital to unitholders, showcasing our ability to achieve exceptional results,\u201d added Sawrikar.<\/p>\n

The Fund is managed by Artha Bharat Investment Managers IFSC LLP, promoted by Sachin Sawrikar, a private equity industry veteran and former SBI Mutual Fund equity fund manager.\"\"<\/p>\n

In order to give further heft to PM Modi\u2019s vision for GIFT city, Artha Bharat also plans to make it\u2019s IFSC operations, a base for its growth plans to launch 3 new funds. This will help grow its Assets Under Management (AUM) from INR 1,100 crore to $1 billion within the next three years. The funds will be marketed to Non-Resident Indians (NRIs) living overseas and also to Ultra High Net Worth Individuals (UHNIs) in India, seeking global diversification.<\/p>\n

\u201cAs a pioneer in GIFT city, the new funds we plan to launch will further diversify our portfolio and meet the evolving needs of global investors.\u201d<\/p>\n

\n

\n

Strategic New Fund Launches in 2025<\/strong><\/p>\n

Building on its strong track record, Artha Bharat plans to introduce three innovative funds in 2025:<\/p>\n

    \n
  1. Hedge Fund (US Retail Sector)<\/strong>: This fund targets alpha generation of 3%-5% above market returns quarterly by taking long\/short positions in the US retail sector.<\/li>\n
  2. Global Arbitrage Fund<\/strong>: Designed for stable, low-risk US$ returns of 8%-10% annually by employing arbitrage strategies.<\/li>\n
  3. Fixed Maturity Plan (FMP)<\/strong>: Targeting 9%-10% annual returns in USD over a 3-4 year horizon. This fund is structured for predictable income.<\/li>\n<\/ol>\n

    Benefits of GIFT City Relocation<\/strong><\/p>\n

    Artha Bharat believes that moving their permanent establishment from Mauritius to GIFT City will bring multiple benefits. According to Sawrikar, the regulator in GIFT City is highly approachable and business-friendly. \u201cWhile the regulations initially followed a domestic model that involved micromanagement, they have evolved into a more conducive framework for an IFSC. This flexibility has made it easier for us to navigate the regulatory environment and focus on our growth,\u201d he added.<\/p>\n

    Artha Bharat expects that having a nearshore presence in the Gandhinagar IFSC will help them attract a larger pool of talent in India for their operations as compared to what is available in a smaller nation such as Mauritius. \u201cUnlike foreign portfolio investors (FPIs) based in other jurisdictions, we now have a physical presence in India with a dedicated team. This local presence helps us access a strong talent pool and provides valuable insights into the Indian market. We believe this will significantly enhance the fund’s performance going forward,\u201d said Sawrikar.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Aims to Achieve $1 Billion AUM in 3 Years New Delhi, 18th December 2024: Artha Global Opportunities Fund, a Mauritius headquartered and SEBI-registered fund investing in distressed assets and special situations in India has become the first Foreign PortfolioInvestor (FPI) to move its domicile from Mauritius to GIFT City, Gandhinagar in response to PM Modi\u2019s …<\/p>\n","protected":false},"author":1,"featured_media":46081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/46079"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=46079"}],"version-history":[{"count":1,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/46079\/revisions"}],"predecessor-version":[{"id":46082,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/46079\/revisions\/46082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/46081"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=46079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=46079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=46079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}