Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
BHive to float new fund, closes debut vehicle after top exec quits
Mint Mumbai
|August 17, 2023
Bengaluru-based co-working space provider BHive said Wednesday it will wind up its maiden alternative investment fund following the departure of the fund manager and will instead raise a new vehicle.
Sandeep Gupta, who was managing the debut fund, resigned to pursue new opportunities outside BHive, the company said. Gupta was also the co-founder and chief business officer of BHive Group's alternative asset management platform BHive Alts.
The alternative asset platform, which launched the first fund in May 2022, is now starting another vehicle focused on investing in co-working spaces. The vehicle's size will be about ₹400 crore, the same as that of the debut fund. It is unclear who will manage the new fund.
This story is from the August 17, 2023 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Automation hits tech jobs as GCCs too dial back on hiring
Quess ended last quarter with ₹3,832 crore in revenue, up 5% sequentially.
1 mins
November 21, 2025
Mint Mumbai
Donald Trump puts on ‘unbelievable show’ for Saudi crown prince
In feting the crown prince, Trump has again pivoted to foreign policy, one of his focus areas
4 mins
November 21, 2025
Mint Mumbai
India must build from within to protect itself in a fractured world
Can we function if the world unplugs us digitally? This is the litmus test of our sovereignty today
3 mins
November 21, 2025
Mint Mumbai
Mahindra targets 8-fold auto growth
Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.
1 min
November 21, 2025
Mint Mumbai
Standardize expenditure heads by FY28: CAG tells states
CAG's move is aimed at overhauling India's public finance system.
1 min
November 21, 2025
Mint Mumbai
Decoding Narayana stock spurt
Narayana Hrudayalaya Ltd investors must be in the pink of health.
2 mins
November 21, 2025
Mint Mumbai
Valuation format plan may cut IBC disputes: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new format for professionals valuing distressed assets to make reports uniform, credible, and reduce lawsuits.
1 mins
November 21, 2025
Mint Mumbai
Delhi may miss the biggest e-bus roll-out
The 2,800 electric buses allocated to Delhi under the PME-Drive scheme meant to electrify public transport hangs in the balance, as the city government has yet to meet a crucial condition under the incentive plan.
2 mins
November 21, 2025
Mint Mumbai
Institutional investor pushback eases
The percentage of company resolutions opposed by large institutional investors declined in the first half ended September, even as promoters continue to have their way on most decisions put to a vote.
2 mins
November 21, 2025
Mint Mumbai
KKR to raise $15 bn in new Asia PE fund
KKR has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest buyout fundraisings, three people with knowledge of the matter said.
1 min
November 21, 2025
Translate
Change font size