Monsoon Reopens Flagship Fund

Jul 9 2007 | 2:32pm ET

Monsoon Capital will reopen its $800 million flagship Monsoon India Inflection Fund next month to both new and existing investors.

The firm decided to reopen its flagship fund, which takes a private equity approach to investing in small-to-mid-cap Indian securities, because of increasing liquidity within its portfolio, “deeper conviction levels,” robust deal flow and a reduction in its cash levels.“Many of our companies have greater trading liquidity than we had anticipated and, therefore, we are now more comfortable building a more significant ownership position in them,” said Gautam Prakash, founder.

The fund closed to new investments at the end of last year.

“Since we had earlier gone through an exercise to prune the portfolio a bit, we are now down to 26 public positions. We believe we can effectively manage 30 to 35 positions in the portfolio and, therefore, we are likely to invest capital in several new companies.” Prakash added, “since our cash levels have reduced in the past six weeks due to the new investments we’ve made, we would like to build up some cash reserves.”

Prakash said that the fund is accepting another $100 million to $200 million, depending on its ability to deploy that capital in growth-oriented, value-priced securities in India, before closing again.

The fund has returned 83.3% net to investors from June 2006 through the end of last month.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.