Samvitti Capital, a SEBI registered asset management boutique founded by first generation professionals and based out of Mulki, Karnataka, today announced the launch of its new Alternative Investment Fund (AIF). The new category 3 Fund called ’Samvitti Capital Alpha Opportunities’ will be open ended in nature and focused entirely on the secondary markets. The capital for this AIF will be raised largely from high net-worth individuals, corporates and family offices.
Samvitti Capital today manages assets of over Rs 340 crores with more than 100 clients.
This is Samvitti’s third AIF to be launched since 2015. The first one is the ‘Samvitti Capital Alternative Investment Fund’ – a three year closed ended long-only AIF that is benchmarked against the CNX Nifty Index over the life of the fund – a first. This fund is closed for subscriptions. The second one is the ‘Samvitti Capital Alpha Fund –an open ended long-short fund with quarterly redemption which seeks to generate absolute returns by positioning itself on both the long and short side of the markets using various strategies.