# Indus Capital Partners

Indus Capital Partners is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2000
- **Assets under management:** $5B - $10B (Altss estimate)
- **Website:** induscap.com
- **LinkedIn:** https://www.linkedin.com/company/indus-capital
- **Wikidata:** Q6027394

## Regulatory record

- **CRD number:** 133738
- **SEC file number:** 801-65262
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/133738

## About

Indus Capital Partners is an SEC-registered investment adviser in New York, NY, since 2006. The firm manages $5.1 billion in assets, $5.0 billion on a discretionary basis. It has 59 employees and 28 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- Media & Entertainment
- Consumer

## Offices

- San Francisco, CA
- Tokyo, Japan
- Hong Kong

## People

- David Kowitz — Founder and Chief Investment Officer
- Sheldon Kasowitz — Partner
- Byron Gill — Partner

## Questions

### Who runs investment decisions at Indus Capital Partners?

David Kowitz, the founder and Chief Investment Officer, leads all investment decisions. He previously co-managed the Quantum Fund at Soros Fund Management alongside Stanley Druckenmiller. Partners Sheldon Kasowitz and Byron Gill are long-tenured members of the investment committee, but Kowitz retains final authority over the portfolio as the firm's central decision-maker (per the firm's public regulatory filings).

### How does Indus Capital Partners source investment ideas across such different geographies?

Indus maintains investment research teams in New York, San Francisco, Tokyo, and Hong Kong, covering US and Asian equities within a single integrated platform. The firm's long-short mandate allows it to operate across both geographies simultaneously. Investment ideas originate from fundamental bottom-up research conducted by sector-focused analysts in each region, with Kowitz and the investment committee synthesizing cross-market views into a unified book.

### Does Indus Capital Partners invest in private companies or only public equities?

Indus invests primarily in publicly traded equities. There is no known private co-investment program, no SPV structure, and no venture capital arm. The firm occasionally holds positions in pre-IPO companies through its public-equity vehicles, but its core mandate is long-short public equity.

### What is Indus's track record regarding the Japanese equity market?

Japan has been a significant component of Indus's portfolio since the early 2000s, making it one of the more established foreign hedge fund participants in Tokyo. The firm's long-short approach has included both long positions in Japanese technology and industrial exporters and short positions in structurally challenged domestic companies. Kowitz has publicly discussed Japanese equity positions in investor letters and at industry conferences over multiple market cycles.

### How is Indus Capital Partners related to Soros Fund Management?

David Kowitz was a partner at Soros Fund Management and co-manager of the Quantum Fund before leaving to found Indus in 2000. George Soros provided seed capital to Indus at launch, but the firm has always operated independently. There is no ongoing ownership, control, or investment relationship between the two firms, though the intellectual lineage is strong — Indus's concentrated, cross-border, long-short equity model directly reflects Kowitz's training under Soros and Druckenmiller.

### What investment stages does Indus Capital Partners target?

Indus targets publicly traded equities, meaning it invests across market capitalizations from small-cap to large-cap. The firm does not target venture stages or buyout opportunities. Its positions range from established mega-cap technology companies to mid-cap growth names in Asia, with a preference for liquid securities that permit quarterly or annual redemptions.

## Related profiles

- [Induran Ventures](https://altss.com/profile/induran-ventures)
- [Indus Initiatives](https://altss.com/profile/indus-initiatives)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/indus-capital-partners

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