White Oak Capital is an investment management and advisory firm established by Mr. Prashant Khemka in June 2017, with the vision of building a performance-centric organization that has a strong investment culture. With its operations based across India, Singapore, Mauritius, UK, and Switzerland, White Oak has attracted among the largest Foreign Portfolio Investment inflows into India over the last three years. White Oak group entities collectively have Assets Under Management (AUM) of $3.8 billion with, a global client base that includes sovereign wealth funds, pension plans, endowments, individuals, and family offices investing into India through a combination of separately managed accounts and investment funds.
White Oak has a strong performance-first culture, founded on a simple stock selection-based approach and robust risk management. Its deep bench of seasoned investment team members believes that outsized returns are earned over time by investing in great businesses at attractive valuations. The team employs a proprietary, cash flow-based ‘Opco-Finco’ analytical and valuation framework which provides unique insights in contrast to accounting earnings-based models. From a portfolio construction perspective, the team maintains a balanced portfolio to ensure that alpha generation captures their stock-picking ability, while consciously avoiding market timing, sector rotation, or other such top-down macro bets, which in their belief merely adds volatility without adding any alpha.
The team’s focus on alpha generation has consistently yielded peer-group leading performance across various funds since inception. The firm’s first domestic offering, White Oak India Equity Fund (WOIEF-I), has been awarded the Best Long Only CAT 3 AIF across all categories for three years ending March 31, 2021, by PMS AIF World. White Oak Group’s Irish domiciled Ashoka India Opportunities Fund (AIOF) also ranks as the best performing India UCITS fund since its inception at the end of 2018, according to data available from leading investment publications in Europe.
Mr. Prashant Khemka, Founder, White Oak Capital, said, “The Indian equity market has shown resilience to several adverse developments over the recent years. While the pace of vaccination from here on may influence market sentiments in the near term, global investors remain confident about structural underpinnings such as a strong domestically driven growth profile, a stable government, and a diverse and profitable corporate universe. Over the coming months, investors are likely to focus on the progress of privatization initiatives and implementation of the Production Linked Incentive (PLI) Scheme.”
Mr. Aashish Somaiyaa, CEO, White Oak Capital, said, “The investment team at White Oak Capital has a strong track record of execution and performance delivery. While the capital base thus far is mostly global in nature, we are very keen to serve domestic high net worth investors through our PMS and AIF offerings, and eventually, also the retail investors as and when we have regulatory approvals to do so. We are preparing our organization on all fronts for our domestic growth and hope to be a significant player known for process-backed fund performance as well as client servicing.”