Retail Private Equity Firms in Asia

Aarii Ventures is the distinguished multi-asset investment office of the Kothari Family, known for their leadership in India's bullion industry through the Arvog, Augmont, and Aranath Groups. The firm manages proprietary capital and is dedicated to empowering exceptional founders and management teams throughout their entrepreneurial journeys. While maintaining a sector and stage-agnostic approach, Aarii Ventures focuses on key areas such as Fintech, Technology, Deep Tech, Greentech, D2C Brands, Health & Wellness, Real Estate & Logistics, Financials, Consumer, and Healthcare. They engage in direct investments in startups, pre-IPO companies, and publicly listed firms, and also act as a Limited Partner (LP) in Private Equity and Venture Capital Funds.Founded in 2023 and headquartered in Mumbai, India, Aarii Ventures was established to leverage the Kothari family's extensive business legacy and financial acumen. The family's group companies, including RSBL and Augmont Group, boast a turnover exceeding $4 billion. The firm's mission is to foster strong partnerships and provide strategic guidance, resources, and support to visionary entrepreneurs, helping them navigate the investment landscape and achieve significant growth.Aarii Ventures has built a diverse portfolio of over 70 companies, demonstrating a wide-ranging investment strategy. Notable portfolio companies include InCred, which has achieved unicorn status, Blu-Smart, HDFC securities, 63SATS, ShreeTech, NetAmbit, CreditWise Capital, Spoon of Love, Dhruva Space, CoRover.ai, ARIV, 6D Technologies, AjnaLens, Aagey, Strata, GetVantage, India Gold, and Tap Invest. The firm's investments have led to significant outcomes, with its portfolio seeing one unicorn, three IPOs, and four acquisitions.The leadership team at Aarii Ventures brings a wealth of experience and expertise. Ketan Kothari and Priyank Kothari, both Directors, carry a multi-generational legacy in entrepreneurship and possess deep knowledge in financial services and fintech. Ketan Kothari, with a Master's in Finance and Investments, has been instrumental in pioneering innovative products in the bullion and financial sectors. Priyank Kothari, holding a Master's in Entrepreneurship, Innovation, and Enterprise Development, is recognized for his hands-on involvement with portfolio companies. Sagar Nishar, the Chief Investment Officer, has a strong academic background and a proven track record in investment and strategy, including a significant role in the sale of Arvog Forex to Revolut. The team is further strengthened by professionals in investment, accounts, and legal capacities, ensuring comprehensive support for their ventures.

AG Ventures is an Indian investment firm operating as a family office, established in 2022 by the father-son duo Arvind and Akshat Goenka. The firm is dedicated to accelerating the growth of visionary entrepreneurs within the dynamic Indian consumer markets and disruptive sectors. They engage in direct investments across Seed, Series A, and later stages, and also act as Limited Partners (LPs) in various prominent Private Equity and Venture Capital funds. With a capital under management of $25 million, AG Ventures aims to foster long-term brand development and sustainable growth for its portfolio companies.The genesis of AG Ventures stems from Arvind and Akshat Goenka's foresight into the burgeoning new-age companies driving the Indian economy. Their initial foray into startup funding during the Covid pandemic quickly expanded, leading to the formal creation of AG Ventures as a platform to provide both capital and their extensive operational and business expertise. The firm is built upon a rich family legacy of trust and entrepreneurial spirit, with the Goenka family's business history tracing back to the 1800s, encompassing diverse industries over generations.AG Ventures boasts a diverse portfolio of over 40 startups, including notable names such as SpaceX, AgniKul Cosmos, ShareChat (a unicorn), Canva, Blue Tokai Coffee, Bira 91, and mCaffeine. Their investments span a wide array of sectors including consumer goods, technology, healthcare, and financial services. The firm's strategic approach involves not only providing funding but also offering strategic support, networking opportunities, and assistance in securing further capital to help innovative companies transform and scale.The leadership team, comprising Arvind Goenka and Akshat Goenka, brings significant industry experience. Arvind Goenka is recognized for his leadership in transforming Oriental Carbon & Chemicals Ltd (OCCL) into a global supplier. Akshat Goenka joined the family business in 2010, contributing to its continued growth. Their combined expertise across various industries enables AG Ventures to provide invaluable guidance and mentorship to young founders and more mature companies alike, fostering a collaborative environment for growth and value creation.

AT Capital Group is a prominent family office headquartered in Singapore, specializing in actively managed businesses and passive financial investments. The firm distinguishes itself from traditional private equity models by deploying its own funds, which grants it full autonomy over investment choices and durations. AT Capital Group focuses on creating value for all stakeholders by investing in sustainable businesses and taking an active role in their strategic management, leveraging its domain knowledge and global networks to help companies achieve their full potential.The firm was founded by Mr. Arvind Tiku, whose family trust is the sole owner of AT Capital Group. Mr. Tiku is an experienced entrepreneur and investor with a background in building international businesses across various sectors. While the exact founding year of the broader family office is not explicitly stated on its website, the legal entity, AT Capital Pte. Ltd., was established in 2011. The group maintains a significant global presence with over 400 employees and offices in India, Singapore, Dubai, and the Netherlands.AT Capital Group's investment strategy targets both public market securities, including debt, equity, metals, and other liquid assets, and strategic mid- to long-term investments. Its primary focus areas include Real Estate, Renewable Energy, Private & Structured Credit, and Public Markets. The firm also actively evaluates venture capital opportunities in high-potential startups and promising young companies, with recent portfolio additions such as BlueStone, Frendy, and ObvioHealth. Their real estate portfolio spans various geographies, including India, Europe, and the US, encompassing green-field development projects, commercial and retail assets, and supermarkets. Notable European real estate investments include projects in Amsterdam, Rijswijk, Haarlem, Paris, and Warsaw.The team at AT Capital Group comprises experienced professionals with diverse backgrounds in investment and finance. Key individuals include Arvind Tiku as Founder and Group Chairman, Sanjay Bakliwal as Director with extensive experience in real estate, financial services, and renewable energy, and Hywel Phillip as General Counsel. The firm is committed to ethical business practices, robust corporate governance, and environmental and social responsibility, aligning its ESG principles with the United Nations-backed framework for Principles for Responsible Investment.

Celeres Investments is a distinctive family office that operates with a hands-on investment philosophy, actively partnering with businesses beyond merely providing capital. Since its first major investment in 2012, the firm has focused on direct investments in companies demonstrating early market traction, particularly in B2B enterprise software and consumer brands. They also strategically invest in partner funds with aligned goals. Celeres Investments is known for its commitment to achieving successful outcomes, often providing multi-round funding and doubling or tripling down on capital and time when conviction plays out.The firm's investment journey began in 2012, establishing itself as a non-conformist family office. Celeres Investments differentiates itself by leveraging a team of seasoned operators and ex-private equity strategists to deliver operational expertise, market insight, and unwavering guidance. This approach ensures active partnership and support for ambitious founders, drawing on deep experience in scaling businesses to successful outcomes.Celeres Investments boasts a diverse portfolio with notable companies such as Harbinger Motors, focusing on electric vehicle chassis for commercial fleets, and Gori AI, a rapidly growing cross-border logistics company. Their investments also include Wingstop UK, a successful chicken wing franchise, Acceptto in identity access management, and Jaja Finance, a consumer credit card and financial technology firm. Other key portfolio companies include Pagaya, an AI-powered lending platform, Obrizum Group in adaptive learning AI, AnyVan in logistics technology, SKIMS in retail apparel, StrataVision for retail analytics, Phantom AI in automotive ADAS, Lifelong Labs in consumer durables, and Studious in operational living real estate.The team at Celeres Capital Advisors brings together a blend of operational and strategic expertise. Pathiq Trivedi, as Managing Director, leads strategic advisory initiatives across alternative investments, with a background spanning real estate development, private equity, and various sector-focused growth strategies. Rishad Abraham, the Portfolio Manager, leads investments across venture capital and private equity, with prior experience in strategy consulting and private equity due diligence. Amber Hillman provides crucial executive support as a highly experienced Private Personal Assistant, ensuring seamless operations for the firm.

Chhatisgarh Investments Limited (CIL) is the flagship holding company of the Sarda Group, established in 1982. The firm primarily functions as an investment holding company with substantial stakes in various group ventures and other strategic investments. It focuses on a diversified portfolio, including significant holdings in Sarda Energy & Minerals Limited, which operates in the steel, ferro alloys, and power sectors. The company also actively promotes and invests in new projects, demonstrating a broad investment mandate across multiple industries.Chhatisgarh Investments Limited was incorporated in 1982 as a closely held Public Limited Company and subsequently listed on the Kolkata and M.P. Stock Exchanges. The firm was founded to serve as the primary investment vehicle for the Sarda Group, enabling strategic investments and fostering the growth of various enterprises under its umbrella. Its establishment marked a formalization of the group's investment activities, allowing for structured participation in diverse economic sectors and the promotion of new ventures, particularly within the state of Chhattisgarh.CIL's portfolio is diverse, encompassing significant investments in core industrial sectors as well as emerging areas. A key holding is over one-third of the equity share capital of Sarda Energy & Minerals Limited, a prominent player in steel, ferro alloys, and power generation. The firm has also spearheaded the development of Sarda Dairy & Food Products Pvt. Ltd., an integrated dairy project in Chhattisgarh modeled after the "Amul" cooperative, with a substantial capital outlay. Further diversifying its interests, Chhatisgarh Investments operates a 2 MW solar power plant, engages in horticulture and agriculture across 700 acres, and has plans to expand into organic farming and real estate. Tracxn also notes investments in companies like InCred and Infra.Market, which have achieved unicorn status, and IPOs like Pace Digitek and DevX, indicating a mix of strategic and growth-stage investments.The leadership team at Chhatisgarh Investments Limited comprises experienced professionals guiding its diverse investment and operational activities. Key personnel include Mr. Anant Sarda as Whole Time Director, Mr. Karan Dulani as Chief Financial Officer, and Ms. Shalini Bhattacharya as Company Secretary & Compliance Officer. The board of directors, including Kamal Kishore Sarda, brings a wealth of experience from various sectors, contributing to the firm's strategic direction and oversight of its extensive portfolio. Their collective expertise spans finance, corporate governance, and operational management across the industrial, energy, and agricultural sectors.

Enam Holdings is a privately managed principal investment group with a distinguished 30-year legacy in the Indian capital markets. The firm operates as a family office, deploying unlevered proprietary capital for long-term investments in both publicly listed companies and promising private ventures. Their investment philosophy is rooted in value-based and relationship-oriented principles, emphasizing fundamental, bottoms-up research to identify businesses with sustainable competitive advantages and strong execution capabilities. A critical aspect of their evaluation process is a keen focus on the quality of management teams and robust governance frameworks. Notably, Enam Holdings adheres to an ethical investment policy, abstaining from businesses involved in intoxication, gambling, or activities harmful to living creatures.The Enam Group was co-founded in 1984 by Mr. Vallabh Bhanshali and Mr. Nemish Shah, who are recognized as pioneers in Indian finance and investment research. Mr. Bhanshali is an internationally renowned investment banker, venture capitalist, and capital market expert, while Mr. Shah is credited with pioneering investment research in India and is also a devoted philanthropist, having established the Foundation for Liberal and Management Education (FLAME). The firm's leadership team, including Akash Bhanshali who leads principal investments, and Manish Chokhani, a respected financial advisor, brings extensive experience in identifying and nurturing growth-oriented businesses across diverse industries.Enam Holdings has a diverse portfolio of investments, backing a range of companies across various stages. Notable investments include stakes in consumer brands like Neemans and Arrivae, as well as companies in the electric vehicle sector such as EKA Mobility. The firm has also made strategic investments in the healthcare sector, exemplified by its minority equity investment in Omega Healthcare. Furthermore, Enam Holdings has demonstrated its commitment to sustainable initiatives through a joint venture with Liberty Mutual in the renewable energy sector. Their investment activities span from seed-stage funding to later-stage Series B and Series C rounds, often co-investing with other funds.The management team at Enam Holdings comprises seasoned professionals with deep expertise in investment banking, asset management, and capital markets. Key individuals like Jiten Doshi, Co-founder and CIO of Enam Asset Management Company, and Sridhar Sivaram, an investment management veteran, contribute to the firm's analytical rigor and strategic vision. The team's collective experience and long-standing relationships within the Indian business landscape enable them to provide not only capital but also strategic guidance to their portfolio companies, fostering long-term value creation and growth.

Kohli Ventures is the investment vehicle of entrepreneur and investor Tej Kohli, focusing on control-oriented investments in growth opportunities driven by rapid technological progression. The firm backs visionary growth-stage ventures in sectors such as artificial intelligence, robotics, biotechnology, and esports. They also engage in 'venture philanthropy' by supporting commercial ventures with the potential to significantly improve human life, pursuing a double bottom line of humanitarian and commercial impact.The firm was formally established in 2010 by Tej Kohli, following a series of high-value trade sales of his previous companies, which specialized in online payment gateways and fraud protection services during the dot-com boom. Kohli Ventures was formed to efficiently invest the liquidity generated from these sales. Tej Kohli, who serves as the Chairman, has a background in electrical engineering and a lifelong interest in technology, which drives the firm's focus on deep tech investments.Kohli Ventures has made numerous notable investments across its target verticals. The firm committed over $100 million to the 'Rewired' venture studio and the Rewired.GG esports venture fund. Its portfolio includes Detraxi, a US-based biotechnology company developing solutions for global health challenges, and Dynacart, a universal payment processing company acquired in 2014 that has since become an international e-commerce platform. Other investments include an M&A roll-up of plastic surgery clinics in the USA, a B2B SaaS platform technology provider, and a renewable energy company in Southeast Asia providing off-grid solar products.Tej Kohli prefers to be the sole investor in ventures, working directly with founders and providing ongoing funding and intellectual capital support until an exit. The firm's investment strategy emphasizes exponential growth and social impact, with a focus on machine learning, smart sensors, and enabling technologies of the artificial intelligence economy.

Midas Capital is a single-family office established by the Baheti Family, the founders of Vectus Industries Limited, a prominent water storage and piping solutions company in India. Based in Delhi NCR, the firm operates with a philosophy centered on integrity, sustainability, innovation, discipline, and social responsibility, aiming for long-term value creation and wealth preservation. They adopt a disciplined and patient approach to investing, integrating environmental, social, and governance (ESG) considerations into their decisions.The firm is a long-term, active investor with a diverse portfolio spanning various asset classes, including listed equity, private equity, venture capital, and debt instruments. Midas Capital is sector-agnostic, demonstrating a keen interest in early-stage companies that show potential for positive industry impact. Their investment strategy focuses on identifying high-potential startups that exhibit both financial promise and disruptive ideas, coupled with strong leadership.Midas Capital has made notable investments in companies such as Zyla, an AI-based healthcare management platform, IndiaP2P, a peer-to-peer lending platform, and Beautywise, a company in the consumer sector. Their portfolio also includes investments in The ePlane, a developer of electric vertical takeoff and landing aircraft. These investments highlight the firm's commitment to diverse sectors and innovative solutions.The leadership team at Midas Capital includes co-founders Ashish Baheti and Sarika Baheti, with Divian Baheti and Misha Baheti serving as Managing Partners. Ashish Baheti co-founded Vectus Industries Limited, while Sarika Baheti leads philanthropy efforts and founded the non-profit organization Neeranjali. Divian Baheti oversees overall investment strategy, risk management, and asset allocation, while Misha Baheti drives the private equity investment strategy. Abhijai Singh is the Investments Head, responsible for sourcing and evaluating new opportunities, and Bibekanand Thakur leads the accounting and administration functions.

Mutares SE & Co. KGaA, founded in 2008 and headquartered in Munich, Germany, is a publicly traded industrial holding and private equity investor specializing in carve‑outs and turnaround situations. The firm targets medium‑sized companies with revenues typically between €50 million and €750 million, aiming to leverage operational transformation to drive long‑term growth. Organized into four segments—Automotive & Mobility, Engineering & Technology, Goods & Services, and Retail & Food—Mutares actively develops and restructures its portfolio through hands‑on management and dedicated in‑house teams. As of December 31, 2024, it holds 32 operating investments globally, employing over 29,000 people and generating consolidated revenue of approximately €4.72 billion. Governed under a dual‑board structure in Munich, Mutares emphasizes strong corporate governance, ESG principles, and sustainable shareholder value—paying annual dividends and maintaining transparent reporting through quarterly updates and non‑financial disclosures.

The Narotam Sekhsaria Family Office (NSFO) is a single-family office established in 2006 by one of India's leading business families, the Sekhsarias. The firm is dedicated to ably and responsibly investing the family's wealth, focusing on long-term partnerships with enterprises led by world-class teams. NSFO seeks out companies that are disruptive, establish new business paradigms, or pioneer services for untapped markets, providing both financial and strategic support to accelerate their growth.The Sekhsaria family boasts a century-long history of building class-leading enterprises across diverse sectors, including commodities trading, cement, equity markets, and technology. Mr. Narotam Sekhsaria, Chairman Emeritus of Ambuja Cements Ltd., founded Ambuja Cements in 1983, transforming it into one of the world's most efficient cement producers. The family's deep operational experience informs NSFO's 'patient capital' approach, emphasizing wealth preservation and sustainable growth for future generations.NSFO's investment strategy spans public markets, commodities, private equity, and real estate. The firm has significant investments across a wide array of sectors, including financial services, technology, human capital, consumer brands, infrastructure, pharmaceuticals, oil, gas and energy, logistics, supply chain management, capital goods, retail, and automotive. Notable investment areas also include AI, machine learning, agritech, farming, and apps.The leadership team at NSFO comprises experienced industry leaders, including key family members who are deeply involved in the running of its investment companies. Pulkit Sekhsaria serves as Managing Director, and Janardhan Sekhsaria is a Director. Other key team members include Darshan Engineer (CIO, Listed Equities), Narayanan Venkitraman (Private Equity), Victor Martinez Angles (Global Operations), Rajaram Prabhu (Commodity Trading), and Vinod Gattani (Chief Financial Officer).

Nippon Sangyo Suishin Kiko (NSSK) is a Tokyo-based private equity firm established in 2014, focusing on mid-market investments across Japan. Founded by seasoned professionals with over 30 years of experience in global investments, NSSK aims to support Japanese companies by providing capital and strategic guidance. The firm's mission is to build a best-in-class investment firm that contributes to the environment, society, and corporate governance of Japan and beyond. NSSK's investment strategy involves partnering with management teams to unlock value through operational improvements and ESG initiatives. The firm employs its proprietary NSSK Value Up Program (NVP) to drive business enhancements, focusing on areas such as digital transformation, organizational development, and sustainability. NSSK has a track record of successful investments across various sectors, including consumer products, healthcare, and manufacturing. With assets under management totaling approximately 150 billion yen (around USD 1 billion), NSSK continues to identify and invest in companies with high growth potential. The firm is committed to contributing to the development of the local economy in Japan and advancing humanity and society through responsible investment practices.

The Paspaley Group is a prominent Australian family-owned and operated company with a rich heritage spanning over 80 years and three generations. While globally recognized as pioneers in the Australian South Sea pearling industry, the firm has significantly diversified its interests over the decades. Today, Paspaley Group operates as a multifaceted enterprise with a broad investment focus across various sectors, demonstrating a strategic approach to long-term asset management and growth.Founded in 1935 by Nicholas Paspaley Sr., the company initially focused on the collection of mother-of-pearl shells. Nicholas Paspaley Sr. was instrumental in revolutionizing the Australian South Sea pearl industry, leading to the cultivation of high-quality cultured pearls. The Paspaley family, having migrated from Greece to Australia in 1919, built their empire from an adventurous spirit and a deep understanding of the sea's treasures. The firm's diverse portfolio includes substantial holdings in pearling, which, despite diversification, remains a core focus, accounting for less than forty percent of the Group's turnover.Beyond its origins, Paspaley Group has made notable investments in retail, particularly in luxury pearl boutiques, and a significant property portfolio that includes commercial developments like the Charles Darwin Centre in Australia and the luxury Wall Street Hotel in New York, USA. Their interests also extend to aviation through AeroPearl, extensive pastoral holdings in Australian agriculture encompassing mixed cropping, wine grapes, and livestock, and marine engineering. As a family office, the Paspaley Family also engages in venture capital, with a reported interest in seed and early-stage investments, typically ranging from $1 million to $50 million per deal. The firm also has a co-ownership in the Wickham Point Immigration Detention Centre.The Paspaley Group's team expertise is deeply rooted in its family leadership, with key family members holding executive and directorial roles across its various divisions. The Board of Directors is entirely comprised of family members, including the children and grandchildren of the founder, with Nicholas Paspaley Jr. serving as the Executive Chairman. This structure ensures a continuity of the founding philosophy of excellence and a long-term vision for its diverse investments. Key team members include Marilynne Paspaley (Co-Owner), James Paspaley (Executive Director, Pearls, and Co-Owner), Chris Paspaley (Director of Merchandise and Co-Owner), Peter Bracher (Executive Director), Michael Bracher (Executive Director), and Christine Salter (Creative Director).

RAAY Global Investments, also known as Patni Family Office, is a premier independent single-family office based in Mumbai, India. Established in 2002, the firm is dedicated to building resilient investment portfolios and enabling sustainable wealth creation for the Amit Patni Group. It offers a holistic approach to asset management and capital preservation, providing customized solutions in investment, asset, and wealth management tailored to the family's unique requirements. RAAY operates with a strong foundation built on trust and transparency, aiming to be a strategic partner for its portfolio companies by offering financial resources, guidance, and expertise to foster their growth and success.The firm's origins trace back to the Patni group, a pioneer in Indian ITES. Amit Patni, Founder Director of RAAY, was a promoter shareholder of Patni Computers. The family's stake in Patni Computers was divested in May 2011 in a sale to iGate Corporation for $1.5 billion. Following this divestment, Amit Patni channeled the capital into a sophisticated multi-asset investment operation, establishing RAAY Global Investments as his single-family office.RAAY Global Investments specializes in managing family wealth across both public and private markets. Their investment focus spans diverse sectors including Financial Services & Fintech, Consumer Business, Media and Content, Technology, Software & Gaming, Artificial Intelligence (AI), Healthcare, Healthtech & Medtech, Biotechnology & Life Sciences, Retail, and Business Services. Notable portfolio companies include Bombay Shirt Company, Wellness Forever, AD Ventures, CaféMarathi, InCred, and GetWork.ai. The firm also has strategic investments in venture funds like Nirvana Venture Advisors (a digital & internet venture fund), The Hive-India (a big data incubator), and Ideaspring Capital (an early-stage B2B enterprise product innovation fund).The leadership team at RAAY Global Investments brings extensive experience to the firm. Amit Patni, the Chairman, holds an MBA from Babson College and possesses over 22 years of experience in technology, software, and projects. Benaifer Malandkar serves as the Chief Investment Officer, overseeing investment management across diverse asset classes with over 22 years of experience in banking, debt markets, asset management, and private banking. Dharmendra Desai is the Chief Financial Officer, a Chartered Accountant with over 22 years of experience in family office accounts and taxation. Akash Singhania is the Senior Fund Manager – Equity, bringing more than 22 years of experience in equity research and fund management.

RAAY Global Investments is a distinguished single-family office based in Mumbai, India, dedicated to providing comprehensive asset management and capital preservation solutions for the Amit Patni Group. The firm specializes in managing family wealth across both public and private markets, aiming to build resilient investment portfolios for sustainable wealth creation. They adopt a family-centric approach, aligning investment opportunities with the family's vision, legacy, and values, and offer customized solutions in investment, asset, and wealth management.The firm was founded in 2002 by Mr. Amit Patni, a prominent promoter shareholder of Patni Computers and former Director of PCS Technology Ltd. The Patni group was a pioneer in Indian ITES, and the family's stake in Patni Computers was divested in May 2011 for $1.5 billion. Following this significant divestment, Amit Patni established RAAY Global Investments as his single-family office. He also co-founded Nirvana Venture Advisors, a digital and internet venture fund, and The Hive-India, a big data incubator, among other ventures.RAAY Global Investments has a diverse portfolio with investments across various sectors, including Financial Services & Fintech, Consumer Business, Media and Content, Retail, Enterprise Applications, Healthcare, Artificial Intelligence, Biotechnology, and Industrials. Notable portfolio companies include InCred and OYO, both of which have achieved unicorn status. The firm has also seen successful IPOs with companies like PB Fintech and CarTrade Tech. Their investment stages primarily focus on Seed, Series A, and Series D rounds, with a track record of co-investing with other significant funds.The leadership team at RAAY Global Investments comprises seasoned professionals with extensive experience. Mr. Amit Patni serves as the Chairman, bringing over 30 years of experience in technology, software, and projects. Ms. Benaifer Malandkar, the Chief Investment Officer, is responsible for investment management across diverse asset classes, with over 22 years of experience in banking, debt markets, asset management, and private banking. Mr. Dharmendra Desai, the Chief Financial Officer, is a Chartered Accountant with more than 22 years of experience in family office accounts and taxation. Mr. Akash Singhania, the Senior Fund Manager – Equity, has over 22 years of experience in equity research and fund management.

Starr Investment Holdings, LLC (SIH) is a multi-billion dollar investment adviser that focuses on long-term, sustained equity capital investments. The firm leverages the extensive heritage, operational expertise, and robust capital position of its largest client, Starr Insurance Companies. As a duration-agnostic investor, SIH strategically aligns resources, expertise, and capital to maximize the value of each investment, enabling management teams to pursue their long-term vision and drive sustainable value creation. The firm shows a preference for technology companies operating within the healthcare and financial regulatory services sectors, while also seeking opportunities across the United States without explicitly stated industry limitations.The broader entity, Starr, serves as the global marketing name for the investment business of C. V. Starr & Co., Inc., and the insurance and travel assistance companies of Starr International Company, Inc. and their subsidiaries. The origins of Starr trace back to 1919 when Cornelius Vander Starr established his first insurance company in Shanghai, China. Starr Investment Holdings, LLC itself was founded in 2007, with its formal establishment as a Delaware limited liability company occurring in January 2012. C.V. Starr & Co., Inc. holds a significant ownership stake as the sole member of Starr Investment Holdings, LLC.Starr Investment Holdings has built a diverse portfolio of companies through its investments and acquisitions. Notable investments include Crusoe, a Bitcoin mining operation, Consensus Technology Group, and Advanced Radiology, SC. The firm's portfolio also features companies such as At Home Group, CHG Healthcare Services, Rad Partners, Nanyan Information Technology, MultiPlan, and iQor. Additionally, Starr Investment Holdings has completed acquisitions of entities like ConvenientMD and ACA Compliance Group, demonstrating its active role in shaping its portfolio through strategic transactions.The firm prides itself on a global team that combines extensive experience with local expertise, a crucial asset in navigating diverse markets. Starr Investment Holdings operates with a lean team, including partners dedicated to its investment strategies. The organization's century-long history has fostered relationships with influential government and business leaders worldwide, particularly in complex markets such as China, which clients can leverage to advance their own operations.

Temasek Holdings is a global investment company wholly owned by the Government of Singapore, operating with a long-term investment horizon. The firm strategically invests across a diverse portfolio, guided by four key structural trends: Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans. Its investment focus spans a broad range of sectors including technology, life sciences, agri-food, consumer, financial services, telecommunications, transportation, industrials, real estate, and energy, aiming to deliver sustainable returns over time.Incorporated on June 25, 1974, Temasek was initially established by the Singapore Ministry of Finance to commercially manage a portfolio of government-owned companies. This strategic move allowed the Singapore Government to concentrate on its core roles of policymaking and regulation. Over five decades, Temasek has evolved from managing a local portfolio valued at S$354 million at inception to becoming a prominent global institutional investor with a significant international presence.Temasek holds significant stakes in various companies globally, reflecting its active and disciplined investment approach. Its portfolio includes major investments in publicly listed entities such as BlackRock, Visa, NVIDIA, Mastercard, and Alphabet. The firm has also made notable private investments in companies like Element Materials Technology, Impossible Foods, Flywire Corporation, DoorDash, Zomato, Pine Labs, and Lenskart. Additionally, Temasek co-created Decarbonization Partners with BlackRock, demonstrating its commitment to sustainable investments.The firm operates with a multinational staff of approximately 960 people, encompassing 32 nationalities, across 13 offices in 9 countries. Temasek's culture emphasizes personal accountability and continuous capability building, guided by its MERITT values: Meritocracy, Excellence, Respect, Integrity, Teamwork, and Trust. Its leadership team, including Executive Director & CEO Dilhan Pillay Sandrasegara, brings extensive experience in investment, portfolio management, and corporate law, ensuring a disciplined and forward-looking investment strategy.

Tencent is a world-leading internet and technology conglomerate with a robust investment arm, actively shaping the digital landscape globally. The firm's investment strategy, primarily executed through Tencent Investment and its Corporate Development Group (CDG), focuses on enriching internet users' lives and facilitating the digital transformation of enterprises. Its extensive investment portfolio spans a diverse array of sectors, including technology, gaming, fintech, cloud computing, artificial intelligence, and digital content. Tencent operates as both a corporate venture and private equity investor, seeking opportunities across various stages, from early-stage startups to pre-IPO companies.Founded in Shenzhen, China, in November 1998 by Pony Ma, Tony Zhang, Xu Chenye, Charles Chen, and Zeng Liqing, Tencent's origins are rooted in instant messaging and online gaming, anticipating the burgeoning demand for chat applications in China's rapidly expanding internet cafe culture. The company's guiding principle, "Value for Users, Tech for Good," underscores its commitment to leveraging technology for societal benefit. Since its inception, Tencent has evolved into one of the world's largest and most influential technology and investment corporations.Tencent has made hundreds of strategic investments across the globe. Notable portfolio companies include those in artificial intelligence, such as Zhipu AI, and a significant presence in the fintech space with investments in firms like Upvest, TrueLayer, UPSIDER, Qonto, N26, and Raisin. In the gaming industry, Tencent holds stakes in major players like Supercell, Riot Games, Funcom, Stunlock Studios, and Turtle Rock Studios. The firm has also invested in e-commerce platforms like JD.com and logistics companies such as China South City Holdings. A key characteristic of Tencent's investment approach is allowing its portfolio startups to maintain operational autonomy.The firm's team expertise is deeply embedded in its diverse business groups. The Interactive Entertainment Group (IEG) drives its gaming and esports ventures, while the Cloud & Smart Industries Group (CSIG) focuses on cloud services and industrial internet solutions. The Platform & Content Group (PCG) manages its social and content ecosystems. Specifically, the Corporate Development Group (CDG) is responsible for new business incubation, strategic planning, and investment activities, bringing a wealth of industry knowledge and operational experience to its portfolio companies. The leadership, including co-founder Pony Ma, contributes extensive experience in internet and technology development.

The Narotam Sekhsaria Family Office (NSFO) is a single-family office established by one of India's prominent business families to strategically manage and grow its wealth. The firm adopts a 'patient capital' approach, focusing on long-term investments and partnerships. NSFO seeks to collaborate with enterprises led by world-class teams that are poised to disrupt existing markets, introduce new business models, or pioneer services for underserved segments. Their investment philosophy is rooted in fundamental investing, providing both financial and strategic support to accelerate growth and leverage their extensive network to build dominant businesses.The Sekhsaria family boasts a century-long legacy of building class-leading enterprises across diverse sectors, with Mr. Narotam Sekhsaria being a highly respected industrialist. He founded Ambuja Cements in 1983, transforming it into one of the world's most efficient and low-cost cement producers. Under his leadership, Ambuja Cements set new industry standards in manufacturing, management, marketing efficiency, and corporate social responsibility. The family established NSFO in 2006, initially concentrating on private equity and capital markets, and has since expanded its global operations.NSFO's investment portfolio spans a wide array of sectors and asset classes, including public markets, commodities, private equity, and real estate. The firm has made significant investments in areas such as Banking & Financial Services, Technology, Human Capital, Consumer Brands, Infrastructure, Pharmaceuticals, Oil, Gas and Energy, Logistics, Supply Chain Management, Capital Goods, Retail, and Auto. Notable portfolio companies include Altizon Systems, Centa, DeHaat, Nykaa, and Two Brothers Organic Farms. The family office also operates key investment companies like Radha Madhav Investments Pvt. Ltd., Madhurima International Pvt. Ltd., and Satyanarayan Sekhsaria Private Limited, which are involved in agri-commodity trading, building materials, and diversified investments.The firm is actively managed by key family members and a leadership team with extensive industry experience. This team evaluates investment opportunities across various sectors to align with NSFO's objectives. Beyond its investment activities, the Sekhsaria family is deeply committed to philanthropy, with a long history of initiatives aimed at building capabilities and improving livelihoods for India's youth and individuals from underserved communities through foundations like the Narotam Sekhsaria Foundation and Ambuja Foundation.

Unilazer Ventures is an Indian investment firm that operates as both a venture capital and private equity firm, specializing in early and later-stage investments. The firm strategically focuses on a diverse range of sectors, including consumer goods, retail, technology, education, agriculture, healthcare, media, and telecommunications. They are known for acquiring significant minority stakes in promising companies and actively contributing their entrepreneurial expertise to support founders in their growth journeys.The firm was founded in 1991 by Ronnie Screwvala, a renowned Indian entrepreneur, investor, and film producer. Unilazer Ventures was established to capitalize on India's burgeoning new economy, leveraging Screwvala's extensive experience in building successful media and entertainment conglomerates, such as UTV Group. This background allows the firm to provide valuable strategic guidance and operational support to its portfolio companies.Unilazer Ventures has cultivated a robust portfolio of investments across various industries. Notable companies in their portfolio include Lenskart, an online eyewear brand; upGrad, an online platform for professional certification and higher education; DailyObjects, a direct-to-consumer brand for mobile and fashion accessories; Silver Push, an AI-powered video advertising platform; and ShopClues, an online retailer. upGrad stands out as a unicorn in their investment portfolio.The leadership team at Unilazer Ventures includes Ronnie Screwvala, Zarina Screwvala, and Trishya Screwvala. Ronnie Screwvala, as the founder, brings a wealth of entrepreneurial acumen and a proven track record of scaling businesses. The team's collective expertise spans various industries, enabling them to offer comprehensive support and strategic insights to the companies they invest in.