Waterfield Advisors Announces Final Close Of Its Fund of Funds I At INR 540 Crore Approximately 70 per cent of the fund will be deployed into 5-6 PE/VC funds that focus on early-stage venture to growth stage private equity in India and the remaining 30 per cent of the fund will be deployed directly in 4 to 5 companies as co- investments

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Multi-family office Waterfield Advisors announces the final close of its Fund of Funds I at INR 540 crore. The fund was launched in early 2021 to raise INR 500Cr with the first close done in June 2021 at INR 200 crore. The fund is now oversubscribed, with the final close marked at INR 540 crore. Till date, 64 per cent of the fund has been committed to five funds across private equity and venture capital funds with ticket sizes ranging $5 million to $10 million and 6 per cent of the fund have been invested in one company as a co- investment, according to a statement by the company.

"India is clearly at an inflection point of creating a sustainable and a mature PE/VC ecosystem. And to capitalise on this, we at Waterfield have not only been early movers but have also very thoughtfully stitched together a platform that provides private market investors an opportunity to invest in the ecosystem through an institutionalised setup which is backed by an experienced team and a thoughtfully constructed strategy," said Siddharth Jhunjhunwala, head, Fund of Funds, Waterfield Fund managers.

The Waterfield Fund of Funds platform was primarily set up to address the challenges faced by domestic investors while allocating money to PE/VC funds, and to help institutionalize domestic capital to allow family offices and HNIs to participate in this asset class by partnering with top quartile fund managers in India with required bargaining power for certain rights like preferential economics, LPAC seat, co-investments, and pro rata in subsequent funds, the statement added.

The Fund has a very well aligned investment strategy with investor-friendly terms as carry and management fees are lower than the current market standards. Approximately 70 per cent of the fund will be deployed into 5-6 PE/VC funds that focus on early-stage venture to growth stage private equity in India and the remaining 30 per cent of the fund will be deployed directly in 4 to 5 companies as co- investments, claimed by the company in a statement.

Established in 2011, Waterfield Advisors is registered with SEBI as an Investment Advisor and advises large business families and new-age entrepreneurs.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Finvolve to Invest INR 300-350 Cr in 2025, Targeting 40-45 High-Impact Startups

Finvolve's Accelerator Fund will invest INR 50 lakhs to INR 1 crore per startup, while its Seed Fund will deploy INR 4 crore to INR 8 crore, boosting market entry and innovation.

News and Trends

Venturi Partners Invests USD 25 Mn in Affordable Footwear Brand JQR

The funding is set to drive JQR's expansion into new offline markets, the establishment of an online platform, and the enhancement of its product range to cater to India's growing demand for affordable yet high-quality sneakers.

News and Trends

Crèmeitalia and White Rivers Media Raise Funding for Expansion and Innovation

The following startups have announced their latest investment rounds.

News and Trends

MDAVF Exits Cyronics and JSR Dynamics, Realises INR 73.61 Cr

The fund realised INR 14.46 crore from Cyronics Innovation Labs Private Limited (CILPL) and INR 59.15 crore from JSR Dynamics Private Limited.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.