IDFC, a leading financial services group, and Natixis Global Asset Management (NGAM) has finalised strategic partnership for IDFC’s Asset Management Company (AMC) whereby NGAM has acquired a 25% stake in the IDFC Asset Management Company (IDFC AMC) and the IDFC AMC Trustee Company.
IDFC AMC is the investment manager of IDFC Mutual Fund and is the IDFC group's asset management platform focused on retail and institutional investors in the public market. This transaction, completed on December 08, 2011, allows NGAM to expand its global footprint in Asia.
The new partnership further strengthens NGAM's global business which currently features a significant presence in Asia, including Japan, Taiwan, Singapore and China The agreement also offers IDFC AMC the opportunity to reach international investors who are interested in participating in India's growth and investing in Indian equity markets,
IDFC’s core business is to provide debt finance for infrastructure projects. The company provides financial assistance to various segments such as power, roads, ports, telecommunications, Information Technology, Urban Infrastructure, Health care, education Infrastructure, food and agri business infrastructure, health care and tourism.
IDFC Asset Management Company, is a well-established fund house sponsored by IDFC with average Assets under Management (AUM) of Rs 28,908 crore ($5.6 billion) as of 30 September, 2011.
