Gerken Capital, a US-based privately held firm specialising in managing and advising alternative asset funds, is planning to launch an India focused hedge fund with primary strategy of investing in listed companies. According to a media report, the fund coud invest upto 20 per cent of its corpus into unlisted entities in India both through straight deals or pre-IPO transactions.
The firm currently manages Greater China and Latin America funds. In addition to the India focused hedge fund, Gerken is also likely to pour money into India through its emerging markets hedge fund portfolio with offerings focused on Russia, India, the Middle East and North Africa, apart from a BRIC market focused private equity fund of funds. The fund of funds — GCA Private Equity FoF II, would invest upto 20 per cent of its portfolio to secondary and direct deals.
Gerken currently manages the AC Private Equity Fund, which was established in 1999 and is fully invested with 14 US and European VC and buy-out funds.
Gerken, which is led by its chairman & CEO Lou Gerken, was founded in 1989 and incorporated in the state of California in 1994. Since inception it has established, managed or advised in excess of twenty alternative asset funds with aggregate assets under management in excess of $4.6 billion. At present, it is managing and/or advising seven alternative asset funds with about $1.5 billion of assets under management.
For the last three years it focus has been on creating funds in which it has a greater ownership stake as well as direct involvement in the investment management. It’s strategy is to create international alternative asset funds that are region or strategy specific. Prior to 2005, its business included advisory roles without a controlling interest in the funds.

Posted on 02/27/08, 9:40 PM
in: Private Equity
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