18 - DEC - 2018

Samana Group to Launch $560 Million Alternative Investment Fund

The fund called Samana Global Fund or SGF 2020 will focus on investing into seven major diversified business verticals.

Samana Global Business Solutions will launch its first-ever category II alternative investment fund in India, and is keen to mobilise about Rs 40 billion ($560 million) through its first scheme, the company said on Tuesday. The fund called Samana Global Fund or SGF 2020 will focus on investing into seven major diversified business verticals including hospitality, healthcare, live farm, academy, land bank, retail and information technology, it said. The SGF 2020 Fund also plans to set a feeder fund at Abu Dhabi Global Market (ADGM) for international mobilization plans for India.

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