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Wealth advisory firm Waterfield Advisors announced the first close at Rs 200 crore of its maiden Rs 500 crore Fund of Funds (FoF), raising 40 per cent of the target corpus within 3 months of receiving regulatory approval. The fund has an additional Rs 250 crore green-shoe option, which Waterfield expects to exercise to achieve a final close of the Fund by end September this year.
The first close saw commitments from single-family offices and ultra-high net worth (UHNW) individuals.
“We are delighted to announce the first close of our Fund of Funds, which reaffirms the need for more institutional domestic capital
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