ICICI Pru Alternatives
AIFIME's View on ICICI Pru Alternatives
AMC View
ICICI Pru Alternatives is part of a highly respected financial house in India. The AMC backs that up with strong team pedigree, and years/large AUM of execution in alternatives space.
AMC Pedigree
AMC is backed by strong experience in real estate with 4245Cr managed assets across 77 inv over the past 16 years.
Team Pedigree
Rahul Rai (Head, RE) comes with 3 decades of RE experience and corp banking + Nimesh Shah (3 decades of banking) + Shekar Daga (Head, Pvt Capital) with 2 decades of experience across corp lending, structured fin, PE, special situation and distressed debt
Investment Philosophy
Large Alternative AMCs have distinct investment philosophy for various offerings they come up over time. The primary focus is the value-add in the alternatives space for investors.
AMC Background
ICICI Prudential Alternatives AMC is a leading asset manager with deep expertise in real estate (Managed 77 real estate investments ~₹4,245 crore over 16 years) and long-short strategies via its AIFs. It is backed by ICICI Pru AMC, which is the top-3 asset managers in India, known for managing mutual fund assets.
Investment Philosophy
Large Alternative AMCs have distinct investment philosophy for various offerings they come up over time. The primary focus is the value-add in the alternatives space for investors.
Investment team
Rahul Rai | 4-star rated FM
Head RE | 34 yrs Experience | 15 yrs at current firm
Past Experience: SUN-Apollo Real Estate Advisors, E&Y
Rahul Rai joined the AMC in November 2010. With over 24 years of experience spanning Real Estate Investments, Corporate Finance and Tax & Regulatory assignments, he leads the Real Estate business practice at the AMC. Prior to joining the AMC, Rahul worked with SUN-Apollo Real Estate Advisors as Principal with the responsibility over the entire life cycle of the investment. He has also worked at Ernst and Young where he headed the Real Estate transactions practice and prior to that has worked with Arthur Andersen. Within the real estate sector, Rahul has exposure across all product classes and cities and has strong relationships with leading developers. He is a Chartered Accountant and Cost Accountant. He is a graduate in Commerce from Mumbai University.
Shekar Daga | 3-star rated FM
Head Pvt Capital | 26 yrs Experience | 4 yrs at current firm
Past Experience: Aion Capital, ICICI Bank
Shekhar Daga is the Head- Private Capital at ICICI Prudential AMC. In a career spanning over two decades, Shekhar has handled entire gamut of investment management across corporate lending, structured finance, private equity, special situation and distressed debt. Previously, he was a partner at AION Capital and served on the board of multiple portfolio companies including Clix Capital. He was earlier with ICICI Bank in their Structured finance and distressed debt group. Shekhar is a rank holder CA from Institute of Chartered Accountants of India.
Nimesh Shah | 4-star rated FM
CEO | 31 yrs Experience | 18 yrs at current firm
Past Experience: ICICI Bank
Nimesh Shah joined the Company in July 2007 as Managing Director and Chief Executive Officer. He has been instrumental in laying a foundation for building a superior asset management firm. He has over 30 years of experience in the banking and financial services industry. Prior to his current role, he was serving the ICICI Group as a Senior General Manager at ICICI Bank where he held several key roles in project finance, corporate banking and international banking functions. He is also a Director of the Mutual Fund industry trade body AMFI and a Chartered Accountant by qualification.
