BOSTON, MA – October 29, 2015 – Venus India Structured Finance Fund (“Fund”) has been announced as the winner of the 2015 HFM award in the “Emerging Markets” category.
The US Performance Hedge Fund Awards were announced at a ceremony in New York organized by HFM and attended by respected industry’s peers. HFM is one of the largest international hedge fund information and membership networking groups, providing services for the hedge fund management community.
The nominees were selected by HFM based on quantitative and qualitative criteria established by HFM and a panel of independent judges chose the winner in each category. The award judges were selected by HFM for their wealth of experience and expertise, as well as their absence of conflicts of interest.
In March 2015, Venus India Structured Finance Fund won the HedgePo Investors Choice Award in the Emerging Market Fund category.
About Venus Capital
Venus Capital Management Inc. is the Boston-based, India-focused investment adviser, which manages the Venus India Structured Finance Fund. The Fund was established over two years ago and lends to small and medium-sized companies in India through a Non-Banking Financial Company (“NBFC”), which started in June 2013. The NBFC currently has $30 million in assets under management and targets to raise $250 million in the next 12 months.
Venus Capital founder and CEO, Vik Mehrotra, says the Fund seeks to generate absolute returns uncorrelated to any indices while reducing risk in its investors’ portfolios.
Fund investors can participate in secured and unsecured lending with the objective of preserving capital and generating current annual yields in INR of 15-18% without equity kickers, and the objective of 25-30% returns in INR with equity kickers.
Mr. Mehrotra adds, “The Fund offers a potential opportunity of producing private equity-like returns with debt-like risks in India”.
Venus Capital is well known for its low risk, high alpha approach for investing in India. Venus Capital has global reach with local knowledge. Over its many years of presence in emerging markets, it has developed strong relationships with brokers, analysts, fund managers and independent investors, all of whom are invaluable in assisting Venus Capital to identify, source, and analyse these opportunities. Venus has partnered with RP&C in London and the Goel family (of Dhampur Sugar) in India to enhance its worldwide presence with strong local relationships.
For more information please visit www.venuscapital.com
This press release is published solely for information purposes and is not to be construed as an offer to sell or solicitation of an offer to buy any security. Forward looking statements that relate to future events, targets, or future financial performance can only be predictions and the actual events or results may differ from those discussed. The Fund has not had sufficient operating history to indicate whether investors will generally achieve the targets indicated over the term of the Fund. Past performance is not necessarily indicative of the future results and every investment has the potential for loss as well as profit.
Information regarding investment in the Fund is located in the Fund’s private placement memorandum and standard subscription agreement. Subscription in shares of the Fund may only be made pursuant to such documents and investors may not rely on information in this press release when making an investment.
This press release may not be distributed in the USA or to any third party without the express permission of Venus Capital.