PE/VC firm Jupiter Capital to launch $150 million Asian Private Equity Fund
Jupiter Capital, private equity and venture capital firm based in Bengaluru is set to launch a $150 million private equity fund aimed at Asian tech and consumer brand companies.
The J Capital Asia Fund is a mutual fund in Asia. According to David Abikzir, chief investment officer and executive director (equity) at Jupiter Capital, he plans to invest in 30 small and midcap companies in need of growth capital.
"We are launching J Capital Asia Fund I in the third quarter of this year. We already have $150 million in commitments for the 10-year fund. We are expecting to make between 30 to 40 investments in tech and disruptive consumer brand companies,” says, Abikzir.
“Our equity team is in the process of raising funds and we are already looking at a promising investment pipeline,” he added.
Jupiter Capital, a firm that primarily invests in technology, media, and related startups, will serve as the fund's anchor investor, with the majority of the capital coming from other investors in India and abroad. The fund will make investments ranging from $2-3 million to up to $10 million, according to Abikzir, a French national who has led Jupiter Capital since June of last year.
On the tenure of investments, Abikzir said that he anticipates a 5-7 year window, going up to a maximum of 10 years.
“We estimate a 5-7 years investment is necessary to create the real value and to reach a certain level. The vision is to give the promised internal rate of return (IRR) to the investor. Once we see the potential of the brand has reached a certain level, we will exit, because at the end of the day we are working with the money of the investors to create the maximum value, under a time frame which is 10 years,” he said.
“A business model is good, but nothing can be done without the proper execution. The reason for us to take a majority stake is for the impact and the capacity to create values for every investment we are targeting and to create values for every brand we build.” However, with the new fund, it is open to looking at minority stake as well as making seed funding.
Abikzir said. “My goal is to invest in disruptive models and opportunities, which are not built on the B2C model, but on the B2B SaaS model.”
The J Capital Asia Fund is a mutual fund in Asia. According to David Abikzir, chief investment officer and executive director (equity) at Jupiter Capital, he plans to invest in 30 small and midcap companies in need of growth capital.
"We are launching J Capital Asia Fund I in the third quarter of this year. We already have $150 million in commitments for the 10-year fund. We are expecting to make between 30 to 40 investments in tech and disruptive consumer brand companies,” says, Abikzir.
“Our equity team is in the process of raising funds and we are already looking at a promising investment pipeline,” he added.
Jupiter Capital, a firm that primarily invests in technology, media, and related startups, will serve as the fund's anchor investor, with the majority of the capital coming from other investors in India and abroad. The fund will make investments ranging from $2-3 million to up to $10 million, according to Abikzir, a French national who has led Jupiter Capital since June of last year.
On the tenure of investments, Abikzir said that he anticipates a 5-7 year window, going up to a maximum of 10 years.
“We estimate a 5-7 years investment is necessary to create the real value and to reach a certain level. The vision is to give the promised internal rate of return (IRR) to the investor. Once we see the potential of the brand has reached a certain level, we will exit, because at the end of the day we are working with the money of the investors to create the maximum value, under a time frame which is 10 years,” he said.
“A business model is good, but nothing can be done without the proper execution. The reason for us to take a majority stake is for the impact and the capacity to create values for every investment we are targeting and to create values for every brand we build.” However, with the new fund, it is open to looking at minority stake as well as making seed funding.
Abikzir said. “My goal is to invest in disruptive models and opportunities, which are not built on the B2C model, but on the B2B SaaS model.”
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