The Wealth Company eyeing Rs 10,000crore raise in CY2025

CHENNAI: The Wealth CompanyAsset Management is looking at raising Rs 10,000 crore this year (CY2025). It will include the Bharat Value Fund (Series - IV) that the firm will launch soon."In the past one year, we have raised close to Rs 4,000 crore. We want to raise Rs 10,000 crore, wherein the primary investments will be made in the manufacturing and new age renewable sectors," its managing director Madhu Lunawat told reporters here on Thursday. The company is launching the Bharat Value Fund (Series - IV) with a total size of more than Rs 3,000 crore. "Typically, we close each fund within a period of six months to one year," she added.The Wealth Company is planning to expand its presence in Tamil Nadu by three-fold covering Chennai, Coimbatore, Madurai and Trichy. Currently, Chennai accounts for 5.1% (Rs 155 crore) of its total Assets under Management (AUM). “We plan to increase our presence in the state targeting a 15% share of our total AUM over the next two years," she said.