Alpha Alternatives, a multi-asset class asset management company based in Mumbai, has secured around INR 130 Crore in its 2nd fundraising round, giving the firm a valuation of almost 200 Million US Dollars.
The asset management platform stated that the latest fundraising round included some of its existing investors and various new prominent Family Offices, which are private wealth management advisory companies. Alpha Alternatives was able to secure around INR 115 Crore in its 1st fundraising round in 2020, selling a minority interest ownership stake in the firm to several investors.
According to Naresh Kothari, Alpha Alternatives’ managing partner, the capital raised will go towards diversifying the company’s asset classes. They appreciate the faith their customers have shown in their company and personnel. The most significant endorsement for their firm comes from long-term investors that consistently and diligently fund their enterprise. With the money they receive, they will be able to strengthen their position as a leader in commodities and absolute return, step up their credit and quant investing, increase their global reach, as well as launch new asset classes such as tangible assets and fixed income.
A lead investor of Alpha Alternatives, Abhishek Dalmia, said that the company is a unique platform for managing assets and is considered a leader in the industry who is constantly driving forward the limits of achievement, managing risk, clarity, and justness to investors. They have worked alongside the multi-asset class asset management company since its inception and look forward to the future.
Alpha Alternatives develops complex investing strategies for both client and internal funds. They open up a variety of investment alternatives for investors that are often only available through proprietary trading desks. The organization employs a variety of initiatives, including fixed income, quant and value-driven equities, commodities, credit, and absolute return.