Masterclass – Investing in AIFs

MASTERCLASS BANNERS_SEP

Agenda

14:00 Investing in AIFs – Regulatory Aspects
Confirmed:
Suneet Barve, Partner, IC Universal Legal
14:45  Investment Opportunities & Challenges – CAT II Funds
Confirmed:
Karthik Athreya , Sundaram Alternate Assets Ltd
15:30 Networking Break
15:50 AIWMI Presentation
16:00
Panel discussion Investment in AIFs – The Road ahead
Confirmed:
Christophe Beelaerts, CEO, BNP Paribas Securities Services India
Ravi Saraogi, Head – Investor Relations & Products, Northern Arc Investments
Saravanan V. N., Alternative Investment Fund Manager, Unifi Capital
Madanagopal Ram, Fund Manager Sundaram AIF Cat III & Head of Equity Research, Sundaram AMC
17:00 End of Masterclass

Speaker

Madanagopal_Ramu_Sundaram

Madanagopal Ramu

Ravi Saraogi

Ravi Saraogi

Saravanan

Saravanan V.N.

Suneet barve

Suneet Barve

Karthik Athreya

Karthik Athreya

christophe

Christophe Beelaerts

Venue

The Accord Metropolitan. G N Chetty Road, T Nagar, Chennai 600071

Contact

 +91 8828116801/02/03 | events@aiwmindia.com

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Madanagopal Ramu is the Fund Manager for Sundaram PMS and Sundaram Alternate Investment Funds Category III. He currently manages an AUM of over Rs.1300 Crores of Sundaram PMS. Madan joined Sundaram Mutual fund in 2010 as a Research Analyst, from Centrum Broking and has made rapid progress during his tenure in Sundaram AMC. He became Head of Research in April 2015 and started actively managing funds from January 2016. Madan comes with strong academic qualifications. He is a qualified Cost Accountant and has a Management degree from BIM Trichy.

Madan has vast experience being Head of Equity Research for Sundaram AMC Ltd. He was the Joint Fund Manager for Sundaram Infrastructure Advantage Fund, Sundaram Equity Multiplier, Sundaram Value Fund series of close ended funds and Sundaram Long Term Tax Advantage series of close ended funds. Equity Multiplier Fund is a 4 star rated fund by Value Research and Infrastructure Advantage Fund is ranked ‘2’ by CRISIL. Both the funds are quartile 1 funds based on their last 1 year performance.

I am a finance professional with close to ten years of work experience in the field of asset management, investment banking, equity strategy and risk analytics. I joined Northern Arc Investments (formerly IFMR Investments), an impact investment based asset management company, more than five years back as a key member to set up their asset management business. Today, Northern Arc Investments has assets under management of INR 1100 crores across six Alternative Investment Funds (AIFs) that provide private debt and mezzanine funding to institutions that promote financial inclusion in India.

My role at Northern Arc Investments has encompassed a wide range of functional areas that are core to the alternative asset management business. These include,

1) Product design – Fund design including sector focus, asset allocation and fund structuring

2) Fund set up – Liaising with counterparties including legal team, tax team, trustees, auditors, fund administrators and auditors for setting up of the fund structure

3) Fund raising and investor relations – I have successfully led the fund raising effort at Northern Arc Investments with external investor commitments of over INR 750 crores till date for the domestic AIFs. This includes setting up of meetings with CXOs, investment teams, negotiation on legal documentation, deal execution and fund drawdowns.

4) Portfolio management – I have worked closely with the investment team to ensure a robust investment and deal pipeline for our funds. This also includes institutionalizing the investment process, deciding on eligibility norms, managing fund exposure norms, risk monitoring of investee companies, building fund models to estimate return-risk.

5) Risk analytics – At IFMR Investments, I have developed risk analytics framework for estimating default risk in our fund structures based on techniques like Monte Carlo simulation.

6) Fund operations – I oversee the fund operations at IFMR Investments  which includes computation of daily NAV, preparation of daily Unit Statements, regulatory filings, preparing drawdown and investment plans including cashflow planning, investor reporting and audit.

7) Legal framework and regulations – Product design and portfolio management demands high level of familiarity with legal and regulatory guidelines.

In my current capacity at Northern Arc Investments, I head the Investor Relations (fund raising) and Product function.
Prior to IFMR Investments, my previous roles (refer CV in Annexure) have given me a strong background in financial research and equity strategy which complements my current role in alternative asset management.

I have been passionate about research and advocacy on issues pertaining to asset management in general and AIFs in particular. I have published extensively on various topics – AIFs, taxes, fund structuring, investment norms, political-economy, economic history, risk analytics and other topics in finance/economics in leading platforms like Hindu Business Line, Mint, Securitisation & Structured Finance Handbook, IFMR Blog, VC Circle, Swarajya Magazine, Emerging Markets Review. Select publications listed below,

Raising the caps for lower rated bonds, Dec 18, 2017, Hindu Business Line http://premium.thehindubusinessline.com/portfolio/macro-view/by-invitation-raising-the-caps-for-lower-ratedbonds/article9995603.ece On-shoring offshore funds to India, Jun 27, 2017, Mint

SARAVANAN V.N.
VICE PRESIDENT-UNIFI CAPITAL
Saravanan is a Chartered Accountant with 17+ years of experience in equity research, corporate finance, auditing and taxation. He has been with Unifi for the last 12 years and currently tracks pharmaceuticals and speciality chemicals sectors besides domestic debt markets. Additional responsibilities include advising on debt fund investments, hedging and arbitrage opportunities. His prior experience includes 3 years of articleship in PWC, 2 years in ICICI Bank Corporate Banking division. Saravanan manages the event arbitrage fund and Unifi High yield fund (cat III AIF) whose current AUM is about Rs.650+ crs.

Suneet Barve is a Partner with IC Universal Legal and co-heads the Funds practice where he advises large number of domestic and foreign clients on setup of master-feeder fund structures, GP/manager ownership and governance aspects, set-up and structuring of alternative investment funds and foreign portolfio investors. He has assisted clients with drafting fund documents, structuring of GP/sponsor carry, carry sharing arrangements with employees, negotiation of fund terms with the LPs, managed account structures and regulatory licenses and compliances.

Suneet had previously worked with Franklin Templeton as their Head of Legal in India. He has previously worked with Nishith Desai Associates where he was part of the Funds team and handled the firm’s Singapore office for a brief period. He has also worked with MalviRanchoddas& Co. and Crawford Bayley & Co. where he practiced corporate and securities laws.

Suneet holds a Master’s degree in Law from Mumbai University with specialization in constitutional law and commercial laws. He is a graduate in Law and Commerce from Mumbai University.

 

Karthik Athreya is a financial services entrepreneur with over 20 years of experience across principal investing, funds management, investment banking, corporate finance, assurance and transaction diligence services. Karthik has worked in several reputed institutions and has created sizeable businesses and operations of scale in each of his roles.

Since 2016, Karthik has been working to build an alternatives investment business in partnership with the reputed Sundaram Group as head of their alternate credit products to create a niche high yield credit business as part of Sundaram Mutual. He assisted Sundaram Mutual in the launch and execution of its first AIF Cat II high yield credit fund which is actively investing in the market today.

Prior to this, Karthik led the India business of Clearwater Capital Partners, a pan Asian private equity fund since 2007 and was a member of the firm’s Management & Investment Committees based in Mumbai. He  was responsible for Clearwater’s Indian investments, including overseeing the asset management team, and was  involved with extensive corporate finance, risk management and exit strategies. As part of his asset management responsibilities, Karthik oversaw growth, organization and business building strategies for Clearwater’s portfolio companies, including the conceptualisation, build out and growth of Altico Capital, a high yield , asset-backed credit business, which is one of the fastest growing real estate credit NBFCs in the country today.

Prior to Clearwater, Karthik was a founder employee of YES Bank Limited, a greenfield private sector bank where he helped build out the investment banking business and also assisted in the early stage corporate build out the bank. Karthik also worked as a Director in the Investment Banking business of Rabo India Finance, a subsidiary of Rabobank Nederlands prior to which, Karthik worked in the Corporate Finance group of Arthur Andersen post 3 years with PricewaterhouseCoopers in their assurance & transaction advisory business.

Karthik is a qualified Chartered Accountant and a Commerce graduate from the prestigious Loyola College, Chennai, India. Karthik is also a member of the Royal Institute of Chartered Surveyors (RICS), a global and an active real estate practice forum  in its India chapter.

A well rounded experienced executive in the securities servicing market, Mr. Beelaerts brings a rich experience of 20 years, having overseen various senior operating roles with large industry players in Europe. In his last European role, Christophe was the Head of Operations for Mutual Fund and Private Equity at the Luxembourg delivery centre for BNP Paribas Securities Services.

For the last three years, he has been involved in the development of the Indian market, working as CFO and head of business development for Sundaram BNP Paribas Fund Services Limited. This JV of BNP Paribas focuses on providing fund accounting and investor servicing solutions for different classes of asset managers including AIF.

He is of the strong conviction that though PE Investments are in a nascent stage in India, there is a great potential in future considering the large investments that are required to meet the aspiration needs of the country.

He is a graduate from Solvay Business School as Commercial Engineer – VUB/ULB – Finance & Marketing and has followed Professional Trainings in Service Excellence Programs at Insead through BNP Paribas Securities Services.

Level 9, Platina Block G,
Plot C-59 Bandra-Kurla Complex
Mumbai-400051
Ph: +91 86574 87784
Email: info@iaaif.com

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