Michael Larson won the Microsoft founder's loyalty by delivering consistent returns, often making investments that didn't gel with his charitable endeavours.
His Lupa Systems is looking for about $150 million each from fewer than half-a-dozen family offices.
US billionaire Bill Hwang and his private investment firm, Archegos Capital Management, are at the centre of one of the biggest margin calls of all time.
Conditions have become even more favourable for such institutions to grow in India after the Covid-19 disruption
The sweet spot for the third fund would be around Rs 125-150 crore as compared to around Rs 60-65 crore in the previous fund
A third of families still do not use wealth management services
It have become more active in India and emerged a key source of early-stage venture capital