Venturi Partners to launch India-centric fund for family offices
What's the story
Asian private-equity firm, Venturi Partners, is planning to launch a $75-100 million fund in India later this year. The fund will be aimed at investing in local consumer-focused growth-stage companies. The capital for this venture will be sourced from top family offices in India, providing them with an exclusive platform to invest in growth-stage consumer companies.
Investment strategy
Venturi Partners's unique approach to catering family offices
Venturi's managing director, Rishika Chandan, highlighted the unique approach of the fund. She noted that while there are several India-focused generalist funds investing in growth-stage consumer companies, not many cater exclusively to families. "Families need different things. As the fund size becomes larger, they become smaller. So how do they retain?" Chandan said, explaining their strategy to launch a small Alternate Investment Fund (AIF) for family offices in India.
Investment history
Venturi Partners's previous investments and future plans
Venturi Partners has a history of backing successful companies such as Livspace, Country Delight, and K12 Techno through its $180 million Asia fund. This fund operates on a 1:1 co-investment thesis with its limited partners (LPs). Chandan revealed that the proposed India AIF will follow a similar investment thesis. The firm also plans to raise a $250-300 million Asia fund next year, doubling the size of its first fund.
Market trends
Venturi Partners's investment focus and emerging opportunities
Venturi Partners has invested approximately 60-65% of its flagship Asia fund in India, with the remainder in Southeast Asia. Chandan highlighted that India is a high-focus area for Venturi due to its consumer spending accounting for 60% of GDP. She noted emerging trends from shifting consumption patterns, stating, "People are becoming richer, so there is a new cohort of products and services that is likely to emerge in India."