Norton Rose (Middle East) has advised Baer Capital Partners on the establishment of the Beacon India Alpha Equity Fund, an open-ended Mauritius-domiciled investment fund that will invest in In
Norton Rose (Middle East) has advised Baer Capital Partners on the establishment of the Beacon India Alpha Equity Fund, an open-ended Mauritius-domiciled investment fund that will invest in Indian equity- and debt-linked securities, derivatives and related structured products.
The law firm’s Dubai office initially advised on the creation of Baer Capital in 2006, and has since been mandated to advise on various transactions, including the establishment of Baer’s first private equity fund and a USD150m fundraising for an investment in the Vatika Group, an Indian real estate developer.
‘The Beacon India Alpha Equity Fund is a long/short equity fund focused on listed Indian equities and managed by Baer Capital Partners International,’ says Brij Singh, founder and chief executive of Baer Capital Partners. ‘The fund is an integral part of our mission to create a best in class alternative asset management platform focused on India.’
The Norton Rose team advising on the Beacon India Alpha Equity Fund was led by Dubai-based partner Jane Clayton, assisted by Wael Jabsheh in Dubai and Sanna Lehti in London.
Meanwhile, Norton Rose has strengthened the Dubai office with the appointment of Andrew Lewis, a corporate partner from New Zealand who has spent the past 11 years as a partner with Simpson Grierson in Auckland, where he co-chairs the private equity and venture capital group.
Lewis’s arrival follows the appointment as a corporate finance partner of fellow New Zealander Andrew Abernethy from Bell Gully in June. It brings the number of Norton Rose’s Middle East partners to 12 partners, comprising nine in Dubai and one each in Bahrain, Riyadh and Abu Dhabi. The firm opened its Abu Dhabi office in May, and its Saudi practice was launched at the beginning of this year through an alliance with local firm Abdulaziz Al-Assaf.
The Norton Rose Group comprises more than 1,000 lawyers operating from offices in Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brussels, Dubai, Frankfurt, Hong Kong, Jakarta, London, Milan, Moscow, Munich, Paris, Piraeus, Prague, Riyadh, Rome, Shanghai, Singapore and Warsaw.
