Religare Global Asset Management (RGAM), the global asset management division of the diversified financial services company Religare Enterprises, has up to $15 billion in assets under management, according to Shachindra Nath, group CEO, Religare enterprises. This, perhaps, makes it the largest alternative investing platform from India. Such motivations have been possible primarily due to how Religare has been building out its global asset management practise.
It follows a multi-boutique asset management strategy and acquired majority equity interests in two large US-based established institutional asset managers – Landmark Partners (a private equity and real estate fund-of-funds asset manager focused on secondary transactions) & Northgate Capital (an asset management firm). The financial services company has an aspiration to grow the assets under management under its alternative investing platform to about $30-$40 billion in size. In an interview with VCCircle, Nath talks about building out its asset management business, raising a healthcare fund, partnerships with affiliate funds and lessons learnt from its art fund. Watch the video for more.