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Dubai based merchant bank KCP Capital is looking at raising funds to the tune of Rs 130 crore from the Indian market.
KCP Capital has signed a distribution agreement with Platinum Partners, a New York based investment management group with more than $1 billion in assets under management to this effect.
KCP Capital along with Platinum Partners will attract investments from India and other emerging markets of the Middle East, Russia, CIS and Czech Republic, a company release said.
“We are happy to offer global investment opportunities to match the needs of sophisticated and discerning Indian investors,” Kamal Tayara, Managing Partner, KCP Capital said adding that “We are also in discussion with multiple investors from India and may raise funds from single or multiple investors.”
KCP Capital will be looking at a minimum investment of $1 million from high net worth and Institutional Investors for the two market specific funds managed by Platinum Partners.
Mark Nordlicht, Chairman and CIO of Platinum Partners said: “We are happy to offer unique investment opportunity to sophisticated Indian investors looking for market neutral returns.”
Nordlicht further added that “we are hopeful of raising significant funds from investors in India by leveraging cross-border and cross-cultural expertise of KCP Capital in managing assets and maximising returns”.
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