Exhilway Announces $1 bn Global Opportunities Fund
Exhilway Global Wealth Opportunities Fund L.P. will raise US $1 billion from the accredited investors in United States.
- (1888PressRelease) July 24, 2013 - Exhilway Global Wealth (EGW) has announced its largest ever PE fund which will raise US $1 billion from the accredited investors based in the United States. The fund will be called Exhilway Global Opportunities Fund L.P. The fund has already zeroed upon 50 companies from India which will receive US $167 million of PE funding. The fund assures of a fixed return to the accredited investors with the possibility of unlimited upside returns. EGW will provide further details on the fund next week after its board discuss the core points in Singapore.
The fund may hit the markets by the first week of August, 2013 and will seek a minimum investment of US $2,00,000 per accredited investor.
The fund will invest 60% of the raised funds in the United States and rest of the 40% will be invested in the global emerging economies.
"Our idea is to deliver high quality growth, India is what we are starting off to create a portfolio of fixed income for our investors. United States is what we believe in, the economy is getting on track and we are confident that US will deliver quality entrepreneurs as it has always did. Just to be a over all champion, we are looking at other countries which can help us balance our portfolio," said Brian Stockwell, Research Analyst with EGW.
EGW works on an innovative strategy of generating fixed return for its investors and providing them unlimited upside returns on the equity holding. EGW with its 40% dedicated emerging markets corpus is looking to invest in India, Africa and Australia.
"India & Africa offers great opportunities, but both the countries possess different class of entrepreneurs. We will not take any investment calls which tends out to be risky for our investors. Our strategy is to play safe, play unlimited," said Ajay Garg, Director, EGW.
The global business of Exhilway is valued at little over US $2 billion and employs close to 200 people worldwide. EGW as per its internal targets will raise close to US $5 billion by the end of 2014.
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