InCred acquires Vishuddha Capital

MUMBAI:

InCred

Asset Management, part of former

Deutsche Bank

CEO Anshu Jain-backed InCred Capital, is acquiring

Vishuddha

Capital Management LLP – an equity focussed AIF, founded by fund manager Aditya Sood. The deal follows Punita Kumar Sinha, who was formerly a senior MD at Blackstone, joining InCred to spearhead the asset management business.


With this deal InCred Asset Management will be able to provide differentiated investment ideas across equity, debt and alternatives to cater to the investment needs of Indian investors both for onshore and offshore products, as well as to a global audience looking to invest in the India growth story, the company said in a statement.

Vishuddha Capital was founded in 2018 by Aditya Sood, a fund manager with ICICI Prudential AMC Portfolio Management Services (PMS) where he was managing a portfolio of more than Rs 4,000 crores. The company provides investment management services to a variety of clients through an equity AIF - ‘The India Value and Growth Fund I”, which has a proven track managing a multi-cap investment strategy. Sood has over 17 years of experience in investing, across India and the UK.

“The acquisition of Vishuddha adds an important element to the Wealth and Asset Management product suite within InCred Capital. I have been impressed by Aditya’s passion and vision for the business and I am looking forward to working with him and his team to take this business to new heights.” Said Bhupinder Singh, Founder & CEO of InCred Group who was formerly a Deutsche Bank veteran before turning entrepreneur.

InCred Capital - the institutional and Asset / Wealth Management arm of the InCred group kickstarted operations with its wealth, investment banking, and capital markets businesses in 2019. Speaking on his company’s decision, Aditya Sood, Founder of Vishuddha, said “We are looking forward to joining the broad-based InCred Capital platform which will provide significant synergies for Vishuddha’s business. The Indian asset management landscape will see massive growth in the years to come and InCred is very well positioned to take advantage of that.”