Client Associates Announces First Close of its Maiden Fund at ~INR 300 Crores with Strong Backing from Domestic Family Offices and UHNIs….

Investment Approach: CAAF will focus on nurturing high-growth companies in India’s consumer and financial services sectors.
Investor Confidence: The strong response from domestic family offices and UHNIs underscores the trust and confidence that clients have in our franchise.
Client-Centric Approach: With a track record of excellence spanning 22 years, Client Associates’ foray into asset management marks a new chapter in its commitment to delivering value and exceptional service to its esteemed clientele.

Staff Reporter : New Delhi, 13th May, 2024: Client Associates, a trusted name in the wealth management industry, has announced the first close of its maiden fund, Client Associates Alternate Fund (CAAF). With 22 years of excellence, Client Associates is currently managing Assets Under Advisory (AUA) of ~$5.5 billion and serving over 1100+ relationships with HNIs and UHNIs families in India. With the first close at about INR 300 crores of the company’s AIF Cat II, Client Associates is now targeting to achieve overall commitments of up to ~INR 500 crores by exercising the green shoe option of INR 200 crores and concluding the same during the ongoing financial year. Through this initiative, Client Associates is aiming to reinforce and further enhance its reputation as astute investors in the Indian investment landscape.
Himanshu Kohli, Co-founder, Client Associates, expressed his gratitude and enthusiasm on the first close, stating, “CAAF represents a significant milestone for us as we venture into the realm of asset management. We are thankful to our clients for the faith they have reposed in our abilities which has enabled us to make the first close in record time. We remain committed to continue to deliver superior outcomes for our clients in this new journey.”
Shivam Diwan, Executive Director – CA Alternate Funds, Client Associates, added, “CAAF’s investment strategy is designed to capitalize on the immense potential of India’s startup ecosystem. We are excited about the opportunity to partner fundamentally strong businesses with proven operational excellence. We aim to not only deliver solid returns for our clients but also contribute to the growth and development of the overall ecosystem.”
CAAF’s investment strategy focuses on identifying and supporting pre-Series A, Series A, and pre-Series B and Series B stage companies predominantly in the consumer and consumer-related sectors, along with financial services. The fund aims to construct a robust portfolio comprising 12-15 carefully selected companies, with planned investments ranging from INR 10 to INR 50 crore per company. Furthermore, CAAF will selectively explore later-stage opportunities (pre-IPO) where it feels there could be value creation opportunities for its Limited Partners (LPs).
The fund has garnered strong interest and participation from domestic Family offices and Ultra High-Net-Worth Individuals (UHNIs), primarily comprising existing relationships of Client Associates. Through CAAF, Client Associates reaffirms its commitment to excellence and innovation in wealth management, further solidifying its position as a leading player in the Indian investment landscape.

About Client Associates:
Client Associates (CA) is a pioneer in Multi Family Office and Private Wealth Management in India.
Founded by Senior Private Bankers Himanshu Kohli and Rohit Sarin in 2002, CA provides professional services for Private Wealth Management, managing assets under advice of approximately ~$5.5 billion for more than 1100+ HNI’s & UHNI’s families across India.
With a team of 225+ professionals, CA has presence in Gurgaon, Mumbai, Bengaluru, Kolkata, Patna, Hyderabad, Chennai, Kochi, and Ahmedabad, offering personalized and holistic wealth management solutions. Their comprehensive suite of services caters to the diverse and evolving needs of their discerning clientele, setting new standards in Private Wealth Management in India.
CA has received several accolades, including the Best Multi Family Office by AIWMI, 5 Times Winner of CNBC TV-18 Best Financial Advisors Award, Winner of Citywealth Asian Family Office of the Year, and Ranked 2nd by Private Banker International as the Outstanding Wealth Manager for Family Office Services Globally and Entrepreneur of the Year (Financial Innovation) in 2023 by Entrepreneur India.