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PGIM India AMC has launched its category III AIF.
In a press release, Ajit Menon, CEO, PGIM India AMC, said, “With the launch of AIF, we have expanded our offering to more segments of investors especially in the higher wealth tiers including family offices.”
Aniruddha Naha, CIO, Alternates will manage this fund. Naha said, “The endeavour is to create investment portfolios focussing on opportunities across segments which may command a faster growing profit pool triggered by changing nature of economy while keeping an extremely tight discipline of buying the strong balance sheets, cashflows in business and focus on strong capital allocation ethics by the companies. The outcome is high conviction portfolios representing broader, stronger and durable themes, agnostic of popular benchmarks.”
The fund house aims to raise Rs.1000 crore through this fund.