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Samena Capital to have India office

Team YS
posted on 8th June 2009
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Samena Capital, a one-year-old fund manager with an office in London,

is planning to expand its operations out of the UK. Having identified

Asia as a growth market the Samena management intends to set up

offices in India and Japan by mid-2010. Instituted in February 2008,

the company is promoted by a group of Indian and Middle Eastern

entrepreneurs including Atul Punj, the founder of Indian engineering

and construction firm Punj Lloyd.


Taking their first step towards establishing a foothold in the Asian

region, Samena has decided to take over Hong Kong investment firm

Vision Asia Pacific (VAP). According to a Reuters report,  Samena

manages a $200 million special situations fund and is in the process

of raising money for a Japanese fund, will add $75 million to assets

under management (AUM) after absorbing its Hong Kong counterpart.


Reuters quoted Samena President Shirish Saraf saying, "The VAP

transaction will provide Samena with an Asian base to identify new

opportunities as well as bring onboard asset managers with strong

track records who lack access to capital."


Its first fund, the special situations fund, is understood to have

returned 32% since its initial closing in August 2008. Just last

month, the firm had launched a Japanese long/short equity fund with

about $25 million in seed money that it hopes to grow to over $100

million.

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