Jupiter Capital, a Bengaluru-based personal fairness and enterprise capital agency that primarily invests in know-how, media and associated startups, is about to launch a $150 million personal fairness fund focusing on Asian tech and client model firms.
The J Capital Asia Fund I’ll look to put money into 30 small and midcap firms that want development capital, mentioned David Abikzir, chief funding officer and govt director (fairness) at Jupiter Capital. “We’re launching J Capital Asia Fund I within the third quarter of this yr. We have already got $150 million in commitments for the 10-year fund. We expect to make between 30 to 40 investments in tech and disruptive client model firms,” Abikzir informed ET. “Our fairness workforce is within the strategy of elevating funds and we’re already taking a look at a promising funding pipeline.”
Jupiter Capital would be the anchor investor within the fund, whereas the vast majority of the capital shall be raised from different buyers in India and overseas. The fund will make investments within the vary of $2-3 million to as much as $10 million, mentioned Abikzir, a French nationwide, who has been on the helm of Jupiter Capital since June final yr. On the tenure of investments, Abikzir mentioned that he anticipates a 5-7 yr window, going as much as a most of 10 years.
Read more/Source: fastnewz.com
