Venturi Partners, a Singapore-based consumer growth fund, has announced 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.
Building on the success of Fund I, Fund II will back disruptive, purpose-driven brands across India and Southeast Asia that are positioned to benefit from structural tailwinds including rising consumer spending and favorable demographics.
Fund II will make initial investments of $15 million to $40 million in ten companies across high growth consumer sectors.
Alongside the main fund, investors can co-invest on a 1-1 ratio.
This investment strategy is reinforced by Venturi’s distinct value creation approach that lies in its close collaboration with founders and active board level participation, leveraging the team’s deep sector operating expertise.
“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 closed its debut fund at $180 million, backed by prominent families in Europe and Asia including Frédéric de Mévius (AB InBev family) and Ackermans & van Haaren, a listed Belgian investment company.
Fund I’s portfolio includes Livspace, Country Delight, JQR, Believe, K-12 Techno Services and two companies in the Philippines: Pickup Coffee, a disruptive coffee chain delivering premium coffee at affordable prices with 400+ stores and Dali, a leading hard discount retailer aiming to reduce grocery bills for Filipino consumers with 1,000+ stores nationwide.