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Venturi Partners reaches first close of $100-M for Fund I

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Venturi Partners, a Singapore-based fund manager that focuses on the consumer space in India and Southeast Asia, has made its first close of USD 100 million. The fund will target investments in the range of USD 15-40 million with the intention to bridge the funding gap for companies looking to scale up operations in the region. It intends to make 7-8 investments, enabling Venturi to be an active investor in its portfolio companies. The anchor investors were European institutional investors 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; Planet First Partners; and Alexander de Wit, former Executive Director at Verlinvest and co-founder of Planet First. Venturi Partners will focus on investments across the consumer space in FMCG, education, and healthcare services and has an ultimate target of USD 150 million. It invested in Livspace in September last year.