Shardul Amarchand Mangaldas advises Mr. Gigi George in setting up Taking Off To The Future Airport Fund and Taking Off To The Future Investment Management LLP

April 8, 2019

Shardul Amarchand Mangaldas & Co (SAM & Co) has advised Mr. Gigi George in setting up airport-specific fund “Taking Off To The Future Airport Fund”, which can raise a capital of up to Rs. 10,000 crore and Investment Manager “Taking Off To The Future Investment Management LLP”, a Category II Alternative Investment Fund that will focus on investing in portfolio companies involved in green field and brown field airports and an aerotropolis consisting of hotels, IT parks, logistics parks, educational and medical services, convention centres, commercial and residential buildings.

This is the first airport infrastructure focused fund that has received the approval of the Securities and Exchange Board of India (SEBI).

The General Corporate practice group of SAM & Co acted as advisors to Mr. George and were involved in all aspects relating to the setting up of the Fund and the Investment Manager, and obtaining a registration of the Fund with SEBI under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.

The transaction team from SAM & Co included Mr. Jay Gandhi, Partner; Mr. Abhishek Parekh, Principal Associate; Ms. Natalee Nanda, Associate and Ms. Joanna Barretto, Associate.

The Trust was registered on December 20, 2018 and the approval from SEBI was received on March 29, 2019.