LC Nueva AIF
about lc nueva aif
Lighthouse Canton has partnered with Nueva Capital to form LC Nueva Investment Partners. Together they have launched the LC Nueva Fund which seeks to invest in 25-30 companies through the life of its 8-year fund at the pre-series A and series A stages.
35
Companies
₹350 Cr
Fund Size
₹344.75 Cr
Called in Capital
Stated USD amount is equivalent to INR as per FX rate as of 30th June 2024. (1 USD = 83.354 INR)
Portfolio Companies
Why This Fund
The Fund will invest in early-stage businesses in India, typically in pre-series A or series A rounds.
Sector-agnostic approach: With a proclivity towards health-tech, consumer-tech, fintech & education-tech businesses, steering clear of capital-intensive businesses.
Experienced Team with Long Standing Track Record: Investments team led by Sohil Chand (ex-India head of Norwest Venture Partners) with long-standing track record of identifying future winners early.
The investment manager, LC Nueva Investment Partners LLP, is a partnership between Singapore based Lighthouse Canton and Delhi based Nueva Capital.
The Case for Investing in India
India has witnessed exponential growth in internet penetration over the last decade, with over 700 million users accessing the internet. This digital reach has led to the emergence of technologically enabled businesses solving conventional problems in innovative ways.
The Indian start-up ecosystem is amongst the top three globally. It has emerged as one of the most attractive investment opportunities, resulting in substantial foreign and domestic venture capital flows into India. Our venture capital team has years of experience investing in high-quality start-ups in the early stages of the growth curve and managing these investments throughout the investment lifecycle. We play a vital role in helping these companies enhance performance by bringing capital, strategic insights, global relationships, and operational support, thereby unlocking value and leading to the most rewarding returns in the long run for our investors.
Our strengths lie in both raising capital and managing it. As a founder-led company, we understand the journey an entrepreneur takes. Startups need the right skills, guidance, management discipline, and structure to sail smoothly amid growth opportunities and unpredictable challenges. We work with founders with capital across their business lifecycle, from early years to scale until post divestment. We bundle together all the elements of startup development and bridge the gap from ideas to outcomes, to walk with them through the complete journey from venture to wealth management.
Focusing on the needs of upcoming startups and their Founders and providing a virtuous circle of opportunities addressing the complete lifecycle of startups and their founders.
- Tap into Founders’ entrepreneurship, energy, inherent curiosity for new opportunities
- Connect experienced Founders with new start-up opportunities for mentorship, collaboration
- Source of capital for investment in startups through Equity and Venture Debt
- Assistance in raising further investments.
- Prepare for Founders monetization events and time-bound exit into institutional rounds
- Provide strategies and portfolios to diversify wealth and achieve other goals
- Board / Observer seat in each company.
- Strategic involvement through the growth phase.
- Handholding of early-stage businesses in key decision-making process as the core investments team comes with vast industry experience.
Team
Sohil Chand
Founding Partner & Chief Investment Officer, LC Nueva AIF
Sohil is a veteran private equity fund manager, most recently as the India head of Norwest Venture Partners, a USD 10bn global early to late-stage venture and growth equity investor. Prior to this, Sohil helped to set up and led Goldman Sach’s private equity investments in India. Sohil has sizeable deal experience with key investments in National Stock Exchange, Swiggy, Asian Genco, Sadbhav Engineering, Thyrocare, Snowman Logistics, IRB Infrastructure, etc. Sohil holds an MBA from University of Chicago Booth School of Business and M.Sc. in Finance from London School of Economics.
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Ashish Chand
Founding Partner, LC Nueva AIF
Ashish is an experienced leader with long-term success in operating and investing. He currently manages investing for his family offices with key wins in recent times including Veeba , Roadzen and Biryani by Kilo. Ashish’s previous experience was building a contact sector business from scratch and selling it to iGate. He also helped IT&T merge with US-based design firm Axis to form Axis IT&T, which was later acquired by Jupiter Capital. Ashish holds an M.Sc. in Information System from London School of Economics.
Investors
Nueva Capital is an Investment Holding Company with USD$100Mn under management in private and public markets. Nueva was founded by two brothers, Ashish and Sohil Chand having extensive experience in Venture Capital and Private Equity, who decided to join forces to manage their own capital and to pursue their passion for investing in early stage private businesses
Lighthouse Canton is a global investment institution with Asset and Wealth Management services. We invest on behalf of our accredited investors, including private clients and some of the world’s largest institutional investors, such as pension funds, sovereign funds, and insurance companies, to drive economic and sustainable impact. Our responsible, diversified investment strategies allow our investors to benefit from differentiated growth opportunities across all market cycles, focusing on capital preservation and attractive risk-adjusted returns. As a global investment company, we have teams in Singapore, Dubai, and India. We drive value creation by applying high-quality processes and superior governance standards along with a robust risk management framework. Lighthouse Canton has successfully created a strong track record of generating superior risk-adjusted returns across fund strategies in real estate private equity, direct lending, public equities, global macros and other asset classes.