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Passage To India is a value with a growth catalyst Fund focusing on undervalued Indian securities. Passage has a 5 year operating history in India as a Foreign Institutional Investor (FII).

Mr. Ralph Kruger, Managing Director of Arcstone Capital, said: "I look forward to working with Maneesh Nath in developing a solid long term portfolio that will enhance shareholders returns over the long term.". "Maneesh's value investing skills, stock selection process combined with a rich Indian experience will strengthen Arcstone's Indian knowledge and experience. This is another step in building Arcstone's strength and endurance in the Indian market place. Welcome aboard Maneesh!"

Arcstone Capital continues to find value and growth in the Indian market and continues to expand its Indian network, partnering with a large private wealth office in Mumbai and a boutique investment firm in Chennai. Co-investments and portfolio collaboration with its associates and partners have increased the firm’s scope and depth in the growing Indian market place.

www.arcstonecapital.com

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