Former NIIF executive to launch $250 million PE fund

Share via:


Government-backed National Investment and Infrastructure Fund Ltd’s (NIIF) former top executive Padmanabh (Paddy) Sinha plans to launch a new private equity (PE) fund to raise approximately $250 million (around Rs 2000 crore).

Sinha will launch the general partnership fund under the name LaunchBay Capital and will focus on $25-50 million investments in growth-stage companies. He plans to raise $100 million as the first close but did not commit to any timelines.

“I’m happy to share that I’m starting a new position as Managing Partner/co-GP at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Former NIIF executive to launch $250 million PE fund


Government-backed National Investment and Infrastructure Fund Ltd’s (NIIF) former top executive Padmanabh (Paddy) Sinha plans to launch a new private equity (PE) fund to raise approximately $250 million (around Rs 2000 crore).

Sinha will launch the general partnership fund under the name LaunchBay Capital and will focus on $25-50 million investments in growth-stage companies. He plans to raise $100 million as the first close but did not commit to any timelines.

“I’m happy to share that I’m starting a new position as Managing Partner/co-GP at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Jony Ive to lead OpenAI’s design work following $6.5B...

Famed Apple product designer Jony Ive will now...

Klarna used an AI avatar of its CEO to...

Sebastian Siemiatkowski is leaning all the way into...

Hong Kong requires stablecoin issuers to get license

The legislation, passed by the Legislative Council on...

Popular

Upcoming Events

Data Sutram Bags $9 Mn In Series A Funding

SUMMARY Lightspeed Venture Partners and B Capital have co-led...

Who is Vaibhav Taneja? The Tesla CFO who out-earned...

Tesla’s chief financial officer Vaibhav Taneja has been...

We are coming for you, says Elon Musk to...

Elon Musk, in a recent interview with Bloomberg,...
dsa