Kubera Cross-Border Fund Ltd (KUBCq)

As of December 30, 2019, Kubera Cross-Border Fund Limited has gone out of business. Kubera Cross-Border Fund Limited, L.P. specializes in investing in companies or assets that operate in a cross-border environment with a focus on businesses primarily operating between the United States and India and on businesses that serve, or seek to serve customers in North American and European markets. Its typical investment targets include Indian businesses that provide services to clients in developed country markets and United States-based companies whose business models stand to benefit substantially from the opportunity to utilize Indian outsourcing services. The fund’s investments may also be appropriated to target United States companies that use low cost domiciles other than India such as China or the Philippines. It seeks to invest between $20 million and $75 million but can make substantially larger investments where appropriate and smaller investments if follow-on investments are anticipated. The fund’s initial investments will not exceed 20 percent of the company’s Net Asset Value (NAV) which will be calculated at the time of the investment. It prefers to invest in companies that generate at least $10 million in annual revenues and/or post-acquisition revenues if the investment is intended to facilitate future acquisition. The fund seeks to invest by way of cash. It takes a minimum stake of 10 percent in its investee companies and takes control position and a board seat on its portfolio companies. In cases where the fund holds a minority interest, it will seek to secure minority protection rights. The fund, on an average, exits its investments between two years and five years.