James Murdoch weighs tapping billionaire families for India investments

His Lupa Systems is looking for about $150 million each from fewer than half-a-dozen family offices.

James Murdoch is considering raising funds from ultra-rich families around the globe, a move that would give him more firepower to make acquisitions and further establish his investment firm.

Murdoch’s Lupa Systems is looking for about $150 million each from fewer than half-a-dozen family offices for investments in India, according to a person with knowledge of the matter. It intends to use an external fundraiser to help with the drive, said the person, who asked not to be identified as the plans are private and still tentative.

A spokesperson for Murdoch declined to comment.

James, 48, set up Lupa Systems