Financial services boutique firm Atherstone Group will float a $75 million (Rs 307.5 crore) fund raised from European investors to make early-stage investments of $1-4 million apiece in Indian companies. This fund is being raised from European investors, leveraging the networks of its partners in Switzerland, Poland and the United Kingdom.
The fund will concentrate on making investments in small and medium-sized enterprises (SMEs), which require funding to take their business to the next level. The firm hopes to make multi-bagger returns by focusing on a market segment that has significantly less competition than bigger deals running into tens or hundreds of million dollars.
The Atherstone Group’s SME fund is part of a move to start a full-fledged alternative asset management business that will focus on raising funds from overseas for different objectives. The Atherstone Group’s SME fund is part of a move to start a full-fledged alternative asset management business that will focus on raising funds from overseas for different objectives.
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That is a good thing for SME's. Finally someone has really took the step forward to help SME's move to the next level.
NEW DELHI MAIL ORDER SERVICES LTD.
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