Blue Lotus Capital launches 3rd offshore fund with $100 mn target

Blue Lotus Capital (BLC) has launched its 3rd offshore fund – India Emerging Giants Fund (IEGF) – a PIPE strategy fund focusing on midcap companies in India. BLC, which has AUM of $240 million as of Dec’2020, has a presence across USA, UAE and Singapore. This new fund comes after a successful closing of its multi-asset global arbitrage fund last year. 

IEGF would be investing in emerging companies in the technology, manufacturing and consumer businesses. As per Harikrishnan S, Managing Partner of BLC “India offers better investment opportunity compared to other emerging markets in the coming years“.  He adds “India is one of the few large countries in the world that has been able to successfully manage the Covid-19 crisis and the economy is seeing a V-shaped recovery”. 

Harikrishnan points out that India growth story is well known to global investors for last 2 decades but this time two things are different: first, bold and strong structural reforms to formalize the economy and second, the changing nature of the global supply chain with everyone searching for an alternative to China. India would be a big beneficiary of this global shift with new initiatives like the Production Linked Incentive (PLI) schemes that encourage companies to augment capacity to capture emerging opportunities. 

This new fund launch is coming in the backdrop of $23 billion invested by Foreign Portfolio investors (FPIs) in India in 2020.  Another $4 billion has been invested by FPIs till date this year. As per the International Monetary Fund (IMF), the Indian economy is expected to grow at ~11.5% in FY22, which is the highest amongst emerging market economies.

About Blue Lotus Capital:

Blue Lotus Capital (BLC) is an independent global asset management and advisory firm. An active Foreign Institutional Investor (FPI) in midcaps across India and Emerging Markets, it has a global presence in US, India, UAE and Singapore. The Firm manages and advises long only offshore funds focused in investing in mid cap listed companies in Emerging Markets as well as a multi-asset class global arbitrage fund.

BLC serves institutional investors and family offices across the globe with the primary aim of generating superior returns using proprietary investment processes. The firm's strategy combines deep industry expertise and local market experience.