Dubai-based Baer Capital Partners has launched an open-end Mauritius-domiciled fund that invests in Indian equity- and debt-linked securities, derivatives and related structured products. The fund size is not revealed, however, VC Circle sources estimate it to be about $250 million.
“We are extremely excited about the launch of the Beacon India Alpha Equity Fund which is a long/short equity fund focused on listed Indian equities and managed by Baer Capital Partners International,” said Brij Singh, founder. Baer also manages a $220-million India-focused private equity fund that invests in Indian mid-market companies. Norton Rose (Middle East) LLP has advised Baer Capital on the establishment of the Beacon India Alpha Equity Fund.
VCCircle adds: The founders of Baer Capital Partners are Michael Baer, Alok Sama and Brij Raj Singh. The founders together own a controlling interest in the business. Baer’s Indian private equity fund is run by Deepak Shahdadpuri, former founder of GEM India Advisors.
The other major investors in Baer Capital Partners are The Highland Star Group, an investment vehicle created by Roddie Fleming and Bank of Scotland Corporate, Dubai Ventures, one of the investment arms of Dubai Holding, Shuaa Capital, the leading securities firm in the Gulf region, and Michael Hintze, founder and CEO of CQS, a London based hedge fund group with over $7 billion of assets under management.
The investments made by Baer Capital include SaffronArt.com, A2Z Maintenance & Engineering Services and Vatika Group.
