Over the last decade, The Xander Group has become a leading investment firm especially in emerging markets, and a trusted cross border brand. Xander bridges the gap between institutional investors, multi-national corporations, and financial centers like New York, London and Singapore on the one hand, and investment opportunities, expanding domestic corporations and entrepreneurs in emerging markets like India, Africa and Latin America on the other. In recent years, the firm has also enabled investors from Asia to access attractive opportunities in developed markets, especially the United States. Here are a few milestones in Xander's history so far.
On May 2nd, the firm announces the launch of Xander JV Partners II, a customized club investment vehicle, anchored by one of Europe’s leading pension funds, that will focus on acquisition of core / core plus office properties in India. Later that month, on May 16th, the partnership celebrates its ninth anniversary in Boston.
Xander brings its anniversary celebration to the Unites States for the first time, holding the partnership's eighth anniversary celebration in New York in May. Earlier, at the end of April, Virtuous Retail, the Xander owned, Indian shopping center platform launches its first flagship development, VR Surat, a 55,000 sqm retail and community center in Surat, the world's diamond capital and the 4th fastest growing urban center globally.
In the fall, Xander holds the final closing of Master Fund IV. Like previous funds, the corpus is entire privately placed and oversubscribed. Earlier in the year, Xander celebrates the seventh anniversary of its India partnership in London.
Xander brings its anniversary celebrations (sixth of the partnership) back to New Delhi to commemorate 100 years of the city. In the fourth quarter, the firm expands its Singapore office and also holds the first closing of Xander Master Fund IV.
Xander makes its first investment in the infrastructure sector and establishes Xander Credit in Singapore and Xander Finance (an Indian Non-Bank Finance Company licensed by the Reserve Bank of India) in India to invest in structured debt and high yield credit opportunities. Fifth anniversary celebrations are held in Jodhpur, India.
Fourth anniversary celebrations are held at Waddesdon Manor in England. Xander expands its Indian investment advisory presence by setting up an office in Mumbai.
Xander starts the year by opening its London office. In the spring, the firm celebrates the third anniversary of its partnership in Mumbai. Xander holds a successful closing for Master Fund III in August even as the financial crisis takes hold. Like previous Xander funds, Master Fund III is privately placed and oversubscribed signaling the trust and confidence that Xander’s institutional investors continue to have in the firm and its emerging markets investment platform even in the most tumultuous of times.
In the spring, Xander celebrates its second anniversary while simultaneously signing a Strategic Alliance Agreement with Tata Retail Enterprises (Trent Ltd.). Within 60 days, Xander raises and closes Xander JV Fund, a dedicated investment vehicle for developing, acquiring and operating retail real estate in India. The JV Fund is hugely oversubscribed and leads to the founding of Virtuous Retail Ltd. with an equity commitment of US$ 600 MM.
Xander celebrates the first anniversary of its partnership in March in New Delhi. In May, Xander funds its first investment in India. It is the largest Foreign Direct Investment deal in Indian real estate as on date. In the fall, Xander closes Master Fund II. Like the first Master Fund, the corpus is entire privately placed and oversubscribed. To enhance its Asia reach, the firm establishes its Singapore operations in the fourth quarter that year.
Xander is founded on March 24th. During the summer Xander establishes its Mauritius operations and holds the closing of Xander Master Fund. The firm sets up an Indian investment advisory office in New Delhi in October.