Waterfield Advisors Raising $250 Mn Fund of Funds

Waterfield Advisors, an independent SEBI-registered multi-family office and wealth-advisory firm, is raising a $250 million Fund-of-Funds and looking for the first close of this fund in the next 4-6 weeks, said the Founder & CEO of Waterfield Advisors, Soumya Rajan, in an interview to The BusinessLine.

Waterfield helps its clients plan, structure and manage their family wealth, working exclusively on their behalf as their dedicated family office. The firm advises over 100 family offices in India, overseeing financial assets surpassing $4 billion.

Waterfield Advisors is also aiming to open an office in Dubai by the first half of 2024, in order to establish itself as a global wealth management player,said Soumya Rajan.

Established in 2011, the Mumbai headquartered firm also has a presence in Gujarat’s GIFT City and intends to expand its global footprint into newer markets such as Singapore and London.

With offices across India in New Delhi, Mumbai, Chennai, Pune, Goa, Kochi, and Bangalore, Waterfield wants Gujarat’s GIFT City to be a hub for operating all its global businesses.

The firm intents to serve its domestic clients' offshore needs and intents to partner global investors, including NRIs, looking at India.

Last month, Waterfield launched its own philanthropic foundation to act as a platform for testing innovative philanthropic models creating impact, and potentially leading to groundbreaking strategies.

In March this year, the Advisory firm launched Heritage – a wealth advisory platform for high-net-worth women.

As an advisory firm on the Investment side, Waterfield has an open architecture platform working with all the leading product manufacturers across AMCs, PMS and AIF providers.

It is expected that the family offices in India will account for 30% of the total $100 billion of startup funding by 2025.

Currently the number of family offices in India is over 300, registering a growth rate of about 284% since 2018. It is to noted that there were only 45 formal family office structures in India in 2018 out of 5,300 globally.

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