News update
- byStartup Story | January 19, 2024
SINGAPORE, Jan 18 (PTI) – Singapore and South Korea investment partnership will expand India’s private debt sector due to the country’s vibrant market with large exit opportunities across various sectors such as financial services and consumer goods. The company plans to jointly invest US$20 million in
Lighthouse Canton, a global wealth and asset management investment institution headquartered in Singapore, and NH Absolute, a Singapore-based asset management company of NH Investment & Securities, one of South Korea’s largest securities companies.・Return Partners (NHARP) signed a memorandum of understanding. Signed an MOU regarding joint investment in Indian companies.
Under the terms of the MOU, Lighthouse Cantonment and NHARP will also explore opportunities for “greater cooperation across India’s private market space.”
“The Indian economy is at a turning point, supported by favorable demographics, development-oriented policies and infrastructure growth. The mid-market ecosystem is poised to benefit from overall growth,” said Sanket Sinha, Director of Lighthouse Canton’s Board of Directors and Head of Wealth Management Business. .
“We are excited to work with NH Group to support the growth of companies operating in microfinance, fintech, B2B commerce, agricultural finance and more, especially in India and Southeast Asia,” Sinha said in a release on Wednesday. “
“NH’s experience in these areas will be an asset to the companies in which we jointly invest,” he added.
“From an investor perspective, India is a vibrant market with significant exit opportunities across various sectors such as financial services, consumer goods, and B2B SaaS. Approximately US$30 billion will be realized through approximately 250 exit transactions in the VC market,” said Kijung Kwon, Managing Director and CIO of NH Absolute Return Partners.
“Furthermore, we will focus on identifying investment opportunities and achieving exit of promising companies in India,” he elaborated.
“India is an important market where not only the venture ecosystem but also the entire capital market is developing dynamically with high growth,” said Hongwook Warren Kim, CEO of Global Business at NH Investment & Securities.
“The signing of this MoU is an opportunity for us to gain a deeper understanding of the Indian market.In the future, we plan to work together with Lighthouse Canton to create synergies as one of the leading players in the Korean capital market. .”
India is a core investment market for Lighthouse Canton, which has offices in Singapore, Dubai, New Delhi, Mumbai, Hyderabad and Bengaluru, and the firm has funds in various private market strategies focused on India and Southeast Asia. is managed. Real estate, venture equity, venture debt.
NH is actively investing in strategically important areas in the region, leveraging the resources of its parent company, NH Investment & Securities, and the infrastructure of the National Federation of Agricultural Cooperatives Financial Group to expand its portfolio across India and the Southeast. We hope to explore further opportunities across the region. Asia, according to the release.