Waterfield Fund of Funds

Overview

Waterfield Fund of Funds is a prominent Indian fund of funds platform that provides investors with access to top quartile private equity and venture capital funds. The platform was established to address the challenges faced by domestic investors in allocating capital to private equity and venture capital funds, aiming to institutionalize domestic capital and enable family offices and high-net-worth individuals to participate in these asset classes. By partnering with leading fund managers in India, Waterfield Fund of Funds offers investors opportunities to invest in the growing private equity and venture capital ecosystem through an institutionalized setup backed by an experienced team and a thoughtfully constructed strategy. The fund's investment strategy is well-aligned with investor-friendly terms, offering lower carry and management fees compared to current market standards. Approximately 70% of the fund is deployed into five to six private equity and venture capital funds focusing on early-stage venture to growth-stage private equity in India, with ticket sizes ranging from USD 5 million to USD 10 million. The remaining 30% is invested directly in four to five companies as co-investments. This approach allows investors to diversify their portfolios and gain exposure to a wide range of high-performing funds and companies across various sectors. Waterfield Fund of Funds has demonstrated a strong track record, with its maiden fund achieving a final close at INR 540 crore in December 2022, oversubscribed from the initial target of INR 500 crore. This success reflects the growing interest and confidence in India's private equity and venture capital ecosystem. The platform continues to play a pivotal role in connecting domestic investors with top-tier fund managers, thereby contributing to the development and growth of the Indian private market landscape.