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    Waterfield expects $5 billion AUM in 2 years; launches global platform with Zephyr

    Synopsis

    The new platform will allow investors access to a diverse class of products across the world in public and private markets, both the companies said.

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    The transaction will be a global expansion for Waterfield, which is currently advising family offices within the country.
    MUMBAI: Waterfield Advisors expects to have at least $5 billion assets under management within the next 18-24 months as the Mumbai-based multi-family office advisory firm plans to offer wealth management services with New York-based Zephyr to help ultra HNIs to diversify portfolios across global asset classes.

    The new platform will allow investors access to a diverse class of products across the world in public and private markets, both the companies said.

    “We work with business families that, in some sense, are global in nature, having interest and businesses overseas. A globally diversified portfolio—one that puts its eggs in many different baskets—tends to be better positioned to weather large year-on-year market gyrations and provide a more stable set of returns over time. This was a gap in our offering and with this partnership, we expect to fill that void and offer a full set of solutions to our clients, in our signature no-conflict model” said Soumya Rajan, Founder and CEO, Waterfield Advisors.

    The platform provides investors the opportunity to invest in multiple global geographies across multiple asset classes, said Thomas Barry, President and Chief Executive Officer of Zephyr Management. “I believe the move is well-timed. Global investing provides UHNIs the opportunity to invest in some of the best companies in the world, benefits of diversification, and allows them to build a ‘safety’ net outside their country of residence.”

    The transaction will be a global expansion for Waterfield, which is currently advising family offices within the country. The firm, co-founded by former Standard Chartered Private banking head Soumya Rajan counts top business families and high net worth individuals as its clients. The firm currently manages about $3.5 billion.

    Waterfield founded in 2011 and advises more than 70 prominent Indian business families. The firm advises clients in the areas of financial planning, investment management, corporate governance, business succession, legacy planning, and philanthropy, its website showed.

    In December 2019, Waterfield has raised $6 million funding from a consortium of marquee investment firms and ultra-high net worth individuals including Zephyr, TVS Capital, Lakshmi Narayanan, former Vice Chairman of Cognizant and Gaurav Dalmia, Chairman of Dalmia Group Holdings.

    New York-based Zephyr is a global emerging markets investment manager. Founded in 1994, the firm specializes in focused and value added private equity investment funds.
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