Baer Capital anticipates first exit, second fund launch in 2010
Baer Capital Partners, an India-focused investment firm based in Dubai, is looking to make its first exit by ushering portfolio company A2Z Group onto an Indian exchange, coming as the four-year-old firm additionally looks to raise a reported $300 million for its second private equity fund.
According to reports citing Baer's CEO and co-founder Brij Singh, the firm looks to launch an IPO for power distributer A2Z by December, pending regulatory approval. PE firm Lexington Partners and Indian entrepreneur Rakesh Jhunjhunwala are also investors in the company.
Singh further said Baer is looking to ramp up its PE focus through the launch of a second fund, for which potential investors will be approached later this year. The vehicle looks to be $100 million larger than its predecessor, the $200 million Beacon India Private Equity Fund, which has invested in a range of targets such as coffee chains and an online art auction site.
Baer Capital additionally operates a two-year-old hedge fund in India called the Beacon India Alpha Equity Fund, and co-manages a $150 SPV with Goldman Sachs that invests in India's real estate sector.
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