KCP Capital to raise Rs. 130 cr from India

Last Updated: Tue, Oct 30, 2012 10:56 hrs

Dubai, Oct 30 (IBNS) KCP Capital, a Dubai based merchant bank, investing and managing assets in high-growth industries, said it is looking at raising Rs. 130 crore investment funds from Indian market.

It has already signed distribution agreement with Platinum Partners to attract investments from India and other emerging markets of the Middle East, Russia, CIS and Czech Republic.

KCP Capital will be looking at a minimum investment of US $ 1 million from High Net Worth and Institutional Investors for the two market specific funds managed by Platinum Partners.

Kamal Tayara, Managing Partner, KCP Capital said, "We are happy to offer global investment opportunities to match the needs of sophisticated and discerning Indian investors.

"We have established good relations with NRI community in GCC countries some of whom are limited partners in our portfolio companies. We are also in discussion with multiple investors from India and may raise funds from single or multiple investors."

"Our association with Platinum Partners is intended to make accessible best breed of Western fund management to our investors and is in line with our long term strategy to expand our geographical footprint," he said.

Mark Nordlicht, Chairman and CIO, Platinum Partners, said, "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 maximizing returns."

Platinum partners is a New York based investment management group with more than $1 billion in assets under management.

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