Avendus Capital Alternate Strategies, an asset management business of Avendus Capital launches the Category III Alternative Investment Fund. Avendus Absolute Return Fund will be managed by an experienced team led by Andrew Holland and Vaibhav Sanghavi. The team which also includes Piyush Shah and Bhautik Ambani who previously managed one of the largest domestic Hedge funds in India. Bloomberg ranked their previous fund in the top 91 percentile among 800 global hedge funds in 2016.
Avezo Advisors Pvt. Ltd (Avezo) is a joint venture between Avendus Capital(www.avendus.com) and Zodius team (www.zodius.com). Avezo is a SEBI registered Portfolio Manager and also acts an Investment Manager to SEBI registered Alternative Investment Fund.
Avezo is an advisor to two families of funds that are investing behind exciting and accelerating democratization of business in India and creating avenues for generating superior returns to domestic and global investors
Avezo Growth Funds invests in Indian listed mid-cap companies with a long term “buy and hold” strategy. The Funds primarily invest in high-growth and well-managed companies that are direct beneficiaries of India’s rising consumption, increasing urbanization and the rapid adoption of digital technologies.
The Funds uniquely bring a private equity evaluation approach to investing in public markets. This entails in-depth primary research, multiple management meetings, and thorough commercial due diligence which spreads over several months. Post investment, the fund team follows an active engagement model with its portfolio companies, but through constructive action or feedback rather than by having any affirmative rights or control. Areas of engagement can include improving investor relations, corporate governance and senior talent introductions.
The Indian mid-cap investment opportunity is extremely attractive for disciplined and detail-oriented investors such as the Avezo team managing these funds. The team has built a tremendous track record since 2009, making long term investments spread over three funds which have handsomely outperformed all market indices. Moreover, it has built a deep understanding of the Indian mid-cap universe of approximately 500 companies, and has met with and evaluated around 50% of them.
Zodius Technology Fund has invested in exceptional market-defining businesses in new and high growth areas, where an exciting new market is emerging and there is no leader in place . The Investment team is highly differentiated among technology investors in India as it has invested in multiple stages, has ran and operated successful business, has taken companies public and profitably exited several investments. As such, they bring a wealth of business operations experience, which helps them identify the most promising companies to invest in and also add value to their existing models.