Multiples Alternate Asset Management hones its micro-winner strategy

Founder Renuka Ramnath details her road map as she embarks on raising her third $1.1 billion fund, which she expects to close in the next three to four months

Multiples Alternate Asset Management, which is weeks into raising its third fund, targeted at $1.1 billion, expects to close the fund in the next three to four months, says founder Renuka Ramnath, adding, while the market today is much more competitive  than earlier, there are sure-fire signs of maturity. 
 

The mantra for the third fund will not differ vastly from the second one that Multiples raised. It is a micro-winner strategy, involving acute evaluation of the firm to be invested in, considering factors such as investment thesis, entrepreneur evaluation, rights in the deal, exit strategy. Additionally, the macro-economic factors cannot