Lighthouse Canton, Singapore-headquartered global investment institution and NH Absolute Return Partners Operating in Singapore as the alternative investment platform for NH Investment & Securities have signed a memorandum of understanding (MOU) for co-investing in Indian companies.
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The partnership plans to co-invest USD 20 million in the Indian private debt market, pointing to the country’s thriving economy and several exit options in a range of industries, including consumer products and financial services. As per the MOU, Lighthouse Canton and NHARP would investigate prospects for “greater collaboration across the Indian private markets space.“
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“India’s economy is at an inflection point, supported by favourable demographics, development-oriented policies, and infrastructural growth. India’s mid-market ecosystem is poised to benefit from the overall growth as India marches towards becoming the third-largest economy over the next 3-4 years,” said Sanket Sinha, Director on the Board of Lighthouse Canton and head of its Asset Management business.
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“From an investors’ perspective, India is a vibrant market with significant exit opportunities across various sectors such as financial services, consumer goods, and B2B SaaS. In 2023, approximately US$30 billion is realized through about 250 exit transactions in PE and VC markets, including IPOs and M&As,” said Kijung Kwon, Managing Director and CIO of NH Absolute Return Partners.
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“India is a key market where not only the venture ecosystem but also the entire capital market is developing dynamically due to high growth, “The signing of this MoU serves as an opportunity to understand the Indian market for us better. From now on, as one of Korea’s leading capital market players, we plan to create synergies in collaboration with Lighthouse Canton.” observed Hongwook Warren Kim, CEO of NH Investment & Securities’ Global Business Division.
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About Lighthouse Canton
Founded in 2014, Lighthouse Canton is a global investment institution offering wealth and asset management services. Led by an experienced senior management team, Lighthouse Canton work with clients across geographies from our Singapore, Dubai, and India offices.
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About NH Absolute Return Partners
Operating as a Registered Fund Management Company in Singapore, NHARP serves as the alternative investment platform for NH Investment & Securities and provides advisory and alternative investment management services to its clients. NHARP is also one of the first Korean financial companies to establish offshore hedge fund vehicles and manages NH Absolute Return Investment Strategies, its flagship fund of hedge funds vehicle.
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