Private Equity

Fund News

Consumer-sector focused Venturi closes maiden fund at $175-M

Economic Times  

Venturi Partners, a consumer sector-focused fund that aims to invest in India and Southeast Asia, has raised USD 175 million towards the final close of its maiden fund. The Singapore-based fund's anchor investors include Peugeot Invest, a Peugeot family investment vehicle; Ackermans & Van Haaren, a diversified group; Generation P, a holding company set up by Frédéric de Mévius, founder of Verlinvest and Planet First Partners; and Alexander de Wit, a former executive director at Verlinvest and cofounder of Planet First. Founded by Cator, the investment platform will look to back high-growth Asian consumer companies in sectors ranging from FMCG to education and healthcare services. The fund will back 7-8 companies with cheques of USD 15-40 million each. It will support portfolio companies in subsequent funding rounds and offer its investors a co-investment option.