Private Market Funds
Capital to scale
The Fund seeks to empower early and growth stage companies in India and South East Asia, providing them capital to scale without significantly diluting equity. The region's venture debt market has the potential to scale up by 4 - 5x over the next few years. The Fund presents investors a unique opportunity to participate in a fast growing venture debt segment.
Provide senior-secured loans, with an equity upside, to 35 - 40 companies at stages Series A and above with a ticket size of US$1 to US$5 million.
Managed by experienced credit professionals with combined experience of over 25 years in institutions such as IFC, GIC, Deutsche Bank and with investment and asset management experience of over US$1 billion in Asia.
Sector-agnostic mandate with focus on partnering with companies with strong business fundamentals and run by passionate founders.
Sanket Sinha
Portfolio Manager, LC Venture Debt
Sanket has over 14 years of experience during which he co-founded a fintech venture, WealthPack (later acquired by Edelweiss), which was a personal finance application aggregating customer’s accounts in real time. Before that, he was a founding employee and Head of Portfolio and Credit at X10 Financial Services, a Non-Banking Financial Company (NBFC) which provided supply chain financing to SMEs in
India.
Ankit Agrawal
Portfolio Manager, LC Venture Debt
Ankit has over 11 years of experience focused on investments across the capital stack (private equity, long term and structured debt). Prior to joining Lighthouse Canton, Ankit has led and managed equity and debt investments in his roles with the International Finance Corporation (IFC), GIC, and the Piramal Group. He has overseen portfolios and transactions of over US$500mn in various sectors including manufacturing, agribusiness, hospitality, logistics, real estate, healthcare and more.
A unique platform for investing in India’s startup economy
This fund seeks to invest in 25-30 companies through the life of its 8-year fund at the pre-series A and series A stages.
The Fund will invest in early-stage businesses in India, typically in pre-series A or series A rounds.
Sector-agnostic approach: With a proclivity towards health-tech, consumer-tech, fintech & education-tech businesses, steering clear of capital-intensive businesses.
Experienced Team with Long Standing Track Record: Investments team led by Sohil Chand (ex-India head of Norwest Venture Partners) with long-standing track record of identifying future winners early.
The investment manager, LC Nueva Investment Partners LLP, is a partnership between Singapore based Lighthouse Canton and Delhi based Nueva Capital.
Sohil Chand
Founding Partner & Chief Investment Officer, LC Nueva AIF
Sohil is a veteran private equity fund manager, most recently as the India head of Norwest Venture Partners, a USD 10bn global early to late-stage venture and growth equity investor. He earlier helped set up private equity business for Goldman Sachs in India.
Sohil has sizeable deal experience with key investments in National Stock Exchange, Thyrocare, Snowman Logistics, IRB Infrastructure, Swiggy, Cremica, OnMobile, etc.
Sohil holds an MBA from University of Chicago Booth School of Business and M.Sc. in International Accounting & Finance from London School of Economics
An effective alternative strategy to fixed income
Providing short-term financing facilities to mid-market corporate entities, Small-to-Medium Enterprises and other corporates that expect to earn significant revenue from developed markets. The objective is to generate competitive risk-adjusted returns with low correlation to traditional markets and asset classes.
Provides supply chain credit to Asian mid-market and growth corporates that expect to earn significant revenue from developed markets.
Has a diversified portfolio through direct exposure to investment grade corporates across geographies and sectors, with an insurance cover serving as a credit enhancement to the portfolio.
Seeks to deliver an attractive level of income and capital appreciation while maintaining a relatively low risk profile.
Has little or no duration risk due to the short term nature of the loans resulting in low sensitivity to interest rates and spread changes.
Sanket Sinha
Portfolio Manager LC Supply Chain Credit Fund
Sanket has over 10 years of experience during which he co-founded a fintech venture, WealthPack (later acquired by Edelweiss), which was a personal finance application aggregating customer’s accounts in real time. Before that, he was a founding employee and Head of Portfolio and Credit at X10 Financial Services, a Non-Banking Financial Company (NBFC) which provided supply chain financing to SMEs in India.
A real estate private equity investment SPV
In partnership with Ivanhoe Cambridge, real estate subsidiary of Canadian pension CDPQ, this SPV invests in life sciences real estate and owns the largest life sciences R&D real estate portfolio* in India.
Holds stable, attractive and rising yield assets with high potential IRRs.
Has low vacancy risks through long term leases to marquee global Multinational Corporations and large domestic Pharma companies with an escalation clause.
Has low sensitivity to economic cycles and high predictability of cash flows.
