Venturi Partners, a Singapore-based consumer growth fund, has completed the first close of its second fund at $150 million.
This milestone, supported by existing and new investors, marks strong momentum towards Venturi’s overall target of $225 million, the firm said in a statement on Tuesday.
Venturi Partners is building on the success of its first fund with the launch of Fund II which will invest in fast-growing purpose-driven consumer brands in India and Southeast Asia. These brands are set to benefit from rising consumer spending and favorable demographics in the region.
With Fund II, Venturi plans to invest $15 million to $40 million in about ten companies across high-growth consumer sectors.
In addition to the main fund, investors will also have the option to co-invest on a 1:1 basis.
Venturi’s strategy focuses on working closely with founders, taking active roles at the board level, and using its deep industry experience to help companies grow and succeed.
“We are grateful for the continued trust and confidence of our existing investors and welcome our new partners,
“This strong response validates our investment thesis and the strength of our unique team,” said Nicholas Cator, Founder and Managing Partner of Venturi Partners.
Meanwhile, Rishika Chandan, Managing Partner of Venturi Partners, commented that amidst global volatility, India continues to emerge as a strong growth market, creating a compelling long-term opportunity that aligns well with the firm’s strategy.
“With our hands-on operating expertise, we are confident in delivering strong returns,” she added.
In June 2022, Venturi Partners raised $180 million for its first fund, supported by well-known families in Europe and Asia, including Frédéric de Mévius (from the AB InBev family) and Ackermans & van Haaren, a Belgian investment company.
Fund I invested in companies like Livspace, Country Delight, JQR, Believe, K-12 Techno Services, and two businesses in the Philippines:
Pickup Coffee, a fast-growing coffee chain with 400+ stores that offers premium coffee at affordable prices.
Dali, a leading discount retailer with 1,000+ stores that helps Filipino consumers save on groceries.
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