Artha Bharat Investment Managers Secures ADGM Licence in Abu Dhabi
Artha Bharat Investment Managers ME Limited has obtained a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), allowing it to expand fund managem
Artha Bharat Investment Managers has secured a significant Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This licence, granted to Artha Bharat Investment Managers ME Limited, allows the firm to significantly expand its fund management capabilities within the Middle East.
Promoted by Sachin Sawrikar, Founder and Group CEO of Artha Bharat Investment Managers, the licence authorises the firm to manage collective investment funds and discretionary portfolios. Also, it permits advising on investments and credit, arranging investment deals, and arranging custody and credit services for professional and institutional clients.
Expansion and Growth Targets
Currently managing over USD 800 million across four funds, Artha Bharat aims to grow its assets under management to USD 3 billion following this ADGM approval. The new licence complements Artha Bharat's existing regulated presences in GIFT City and Mauritius.
According to Sachin Sawrikar, the ADGM licence is crucial for directly engaging with sovereign wealth funds and institutional investors in the Middle East, who often prefer to work with investment managers regulated in a familiar regional jurisdiction.
New Fund Structure and Investor Focus
Artha Bharat Investment Managers ME Limited plans to launch the Artha Bharat ICC, an ADGM Incorporated Cell Company, as its initial investment vehicle. This umbrella fund structure will enable the group to launch multiple funds under a single regulatory framework and prospectus, with each fund operating as a separate incorporated cell.
The proposed funds will be structured as Exempt Funds, offered via private placement to eligible professional clients, requiring a minimum initial subscription of USD 50,000. Beyond institutional investors, Artha Bharat intends to use the ADGM platform to provide investment strategies for Indian investors seeking global portfolio diversification, offering a platform for long-term wealth creation and tax-efficient compounding of gains until distribution or redemption.
Questions, answered
- What specific activities is Artha Bharat Investment Managers authorised to perform with its ADGM licence?
- The Financial Services Permission (FSP) from ADGM authorises Artha Bharat Investment Managers ME Limited to manage collective investment funds, manage discretionary portfolios, advise on investments and credit, arrange investment deals, and arrange custody and credit for professional and institutional clients.
- What is Artha Bharat's target for assets under management (AUM) after securing the ADGM licence?
- Artha Bharat Investment Managers aims to grow its assets under management (AUM) from its current USD 800 million to USD 3 billion following the approval of its ADGM licence.
- What is the planned investment vehicle Artha Bharat will launch in ADGM?
- Artha Bharat Investment Managers ME Limited plans to launch the Artha Bharat ICC, an ADGM Incorporated Cell Company, which will serve as an umbrella fund structure to launch multiple funds under a common regulatory framework.
- What is the minimum initial subscription for the proposed Exempt Funds offered by Artha Bharat in ADGM?
- The proposed Exempt Funds from Artha Bharat will be offered via private placement to eligible professional clients, with a minimum initial subscription requirement of USD 50,000.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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