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Guided by Value.
Astral Indian Equities Fund (SEBI Reg. IN/AIF3/22-23/1138) is a Category III AIF managed by LK Advisers — the Mittal family's London-based regulated investment management vehicle — operating through its India presence at 81, Maker Chambers III, 223 Nariman Point, Mumbai 400021. The fund is the India-domiciled vehicle of Arteqin Capital Limited (formerly Artian Investments), a London-based global asset manager founded in 2021 by Aditya Mittal (CEO of ArcelorMittal, son of Lakshmi Mittal) and Amit Lodha (18-year Fidelity International veteran and CFA/ACA). The name 'Arteqin' is derived from 'the art of equity investing' and 'Indian', paying homage to the heritage of its founders. The fund focuses on Indian public equities, leveraging Amit Lodha's deep India equity expertise honed across two decades of global fund management. Arteqin is authorised and regulated by the UK's Financial Conduct Authority; LK Advisers Limited (the Mittal family office) acts as an umbrella investment management platform. The fund's SEBI contact, Amit Lodha, also led the transaction on behalf of Aditya Mittal in the acquisition of the Boston Celtics NBA franchise.
Arteqin's investment philosophy is 'Guided by Value' — the belief that investment management is simultaneously a creative and analytical endeavour. The India equity strategy is built on a patient, long-term, value-oriented framework: identifying businesses with durable competitive advantages, high-quality management, and the ability to compound returns over multi-year periods. The process combines deep fundamental research with a disciplined valuation framework, drawing on 18 years of Amit Lodha's global equity investing experience across Fidelity's award-winning strategies. Arteqin places client interests first, operating through a transparent, collaborative culture where shared values and long-term thinking take precedence over short-term performance pressures. The India-focused mandate benefits from both Amit Lodha's deep familiarity with Indian corporates and the Mittal family's unique vantage point as global industrialists with significant India operations.
Sujay Kodlikeri
FMPortfolio Manager & Head of Equities, Arteqin Capital
Specialises in public equities, contributing to private market efforts in technology, healthcare, and industrials. Member of the Investment Committee. Previously Senior Investment Manager at Pictet's Total Return Sustainability Fund. Spent 12 years at Fidelity International, six as portfolio manager in US equities; lead analyst in US technology, global diversified financials, and European industrials. MBA (Analytical Finance), University of Chicago Booth School of Business; Masters in Manufacturing Management, Penn State; B.Tech (Mechanical Engineering). Relevant to the India mandate given his tech and healthcare coverage background.
Steffen Winnefeld
FMPortfolio Manager, Equities, Arteqin Capital
Specialises in global public equities, contributing to private market efforts across sectors. Member of Investment Committee. Previously partner at a long/short hedge fund; earlier portfolio manager at Fidelity International, where he launched and managed a long-biased European equities fund and co-launched the firm's first global equity absolute return fund. BS (Economics), Wharton School, University of Pennsylvania; MBA (Value Investing Program, with distinction), Columbia Business School.
Michal Kemp
FMPortfolio Manager & Head of Private Equity – Funds, Arteqin Capital; Director, LK Advisers
Specialises in PE fund-of-funds, co-investments, and direct investments. Member of Investment Committee. Also Director, Investment Manager and Head of PE & Real Estate at LK Advisers Limited (Mittal family office) since 2006. Previously portfolio manager at Integrated Asset Management (Sal Oppenheim Bank) and Key Asset Management (SEB), where he was lead PM of a Pan-Asian multi-strategy and equity long/short portfolio. BSc (Management), MSc (European Studies), LSE; CAIA charterholder.
Parul Jain
FMPortfolio Manager & Co-Head of Private Equity – Direct, Arteqin Capital
Specialises in private equity and M&A. Member of Investment Committee. Worked for Mittal Investments and family office entities for 16 years in senior roles including Head of M&A. Previously in corporate finance M&A and restructuring at KPMG India. Alumna of LSE; member of the Institute of Chartered Accountants of India; BA (Economics).
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David Dernis
FMPortfolio Manager – Head of Fixed Income & Co-Head of Private Equity Direct, Arteqin Capital
Manages fixed income portfolios; member of Investment Committee. Previously portfolio manager and credit analyst at Gordian Knot Limited (manager of Sigma Finance Corporation and Theta Corporation), covering corporate bonds to structured finance. Earlier at Dexia Municipal Finance as credit analyst. BSc (Economics), USTL, Lille; CFA charterholder.
Riccardo Muscio
FMPortfolio Manager & Head of Hedge Fund Selection, Arteqin Capital
Specialises in hedge funds and alternative investments; member of Investment Committee. Previously co-portfolio manager of multi-manager programmes at Fidelity International's Multi Asset Group; investment analyst at Stamford Associates; Belgrave Capital Management. BA (Business & Economics), Università degli Studi di Bari.
Aditya Mittal
Co-Founder & Mentor, Arteqin Capital
Co-founder of Arteqin Capital Limited. CEO and Director of ArcelorMittal since February 2021 (previously President and CFO). Following the formation of ArcelorMittal in 2006, held various senior leadership roles including managerial oversight of flat carbon steel businesses in the Americas and Europe. Chairman of ArcelorMittal Nippon Steel India. Board member at ArcelorMittal, Aperam, and Iconiq Capital. Member of Harvard University's Global Advisory Council. Named 'European Business Leader of the Future' by CNBC Europe (2008); ranked fourth on Fortune's '40 Under 40' (2011). Active philanthropist: co-funded the Mittal Children's Medical Centre at Great Ormond Street Hospital, London; works with UNICEF India on child nutrition. B.Sc. Economics (Strategic Management & Corporate Finance), The Wharton School, University of Pennsylvania.
Amit Lodha
Co-Founder, Director & CIO, Arteqin Capital; SEBI Contact Person
Co-Founder and CIO of Arteqin Capital, responsible for overall investment strategy, portfolio management, and investment team oversight. Chairs the Investment Committee and serves on Arteqin's regulated investment fund platform board. Prior to co-founding Arteqin in 2021, spent 18 years at Fidelity International managing the firm's award-winning global equity strategy across institutional and retail mandates worldwide. Earlier equity analyst at Salomon Smith Barney (Citigroup) and staff accountant at KPMG. Led the transaction for Aditya Mittal's acquisition of the Boston Celtics NBA franchise. Advisor to boards of DSP Asset Managers, upGrad, and Plasmagen; Ambassador for the EPIC Foundation. M.Com (Commerce & Economics), University of Mumbai; CFA charterholder; Member, Institute of Chartered Accountants of India (ACA).
Alexander von Mühlen
Chief Operating Officer, Arteqin Capital
Joined Arteqin in 2023. Chairs the Risk and Compliance Committee. Responsible for all non-investment functions: governance, operations, compliance, risk, IT, and financial reporting. Previously COO at International Asset Management Limited and VP Senior Product Manager at ABN AMRO Asset Management. BA (Social Science & Communication), University of Southern California; MBA, Rotterdam School of Management.