Falcon Edge Capital, a New York-based hedge fund, has raised $45.7 mn for its first India-focussed fund called Falcon Edge India I LP.
Falcon Edge India I LP is a pooled investment fund that will primarily focus on private equity investments in India. So far, the fund has 9 investors on board. As per their fillings to US Securities and Exchange Commission, Falcon Edge has plans to raise funds.However, media reports from January last year suggested that Falcon Edge was looking to raise $150 mn to invest in financial services companies. Looking at Falcon Edge’s investment track record last year, though, it is unlikely that Falcon will restrict its focus to financial services. Even though this is Falcon Edge’s first India-focussed fund, the company has been active in the Indian startup ecosystem since 2014.
Falcon Edge Capital is a diversified global alternative asset manager founded in 2012 by Rick Gerson, Navroz Udwadia and Ryan Khoury, and is supported by a team of experienced investment professionals with diverse and differentiated expertise across sectors, industries, and geographies. It offers a variety of investment products that cover a number of asset classes, themes and geographies. These include public equity, venture capital, distressed, private equity and activist strategies as well as a financial center joint venture with a leading sovereign entity.
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