LC Nueva Momentum Fund*
about LC Nueva MOmentum Fund*
Following the successful closure of LC Nueva Fund  at USD 42 Mn in 2023, the LC Nueva Momentum Fund has been launched as a follow up Fund. With a target of USD 25 Mn, this Fund will primarily focus on emerging winners from LC Nueva Fund, supporting and nurturing the growth its most promising investments. Additionally, the Fund will leverage existing portfolio relationships to explore adjacent opportunities and capitalize on secondaries to invest in promising new ventures. While majority of the capital will be allocated to winners, adjacent opportunities, and secondaries, The Fund will also seek out new opportunistic investments.
*Registered name of the fund is LCÂ Venture Equity Co-Investment Fund
Why This Fund
Investing in Winners
The Fund invests in winners from our portfolio, typically series A or B and Early/Growth Stage companies in India. These are strategically positioned for sustained growth, offering significant return potential with minimized risk.
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Adjacent Opportunities
Leveraging robust relationships within the fund's existing portfolio to secure advantageous deals, enriching deal flow and strategies with emerging trend insights.
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Secondary Opportunities
Assessing investments in promising secondary opportunities within new companies, aiming to seize advantageous prospects.
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.
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The investment manager, LC Nueva Investment Partners LLP, is a partnership between Singapore based Lighthouse Canton and Delhi based Nueva Capital.
Investing in India's Startup Story
The Fund aims to leverage its focus on successful investments from the LC Nueva Fund, adjacent opportunities, and secondary market transactions to capitalize on current market conditions. Despite a slowdown in Venture Capital (VC) funding, India remains the second-largest VC destination in Asia-Pacific. Notably, the secondary market has seen significant growth, driven by declining valuations and a pressing need for liquidity. Over the past five years, private secondary transactions have facilitated approximately US$7.7 billion in exits, in some cases surpassing the volume of IPOs and block trades. In addition to institutional investors, high-net-worth individuals (HNIs) are increasingly participating in these transactions, though typically on a smaller scale. As traditional exit routes become limited, venture capital funds are increasingly resorting to secondary markets to divest their stakes, frequently at significant discounts.
The LC Nueva Momentum Fund employs three strategies:
- Investing in Proven Winners: Targeting companies with demonstrated strong performance in the LC Nueva Fund portfolio to build on past successes and reduce investment risk.
- Capitalizing on Adjacent Opportunities: Leveraging existing investments to identify and secure deals in related sectors, benefiting from emerging trends
- Exploring Secondary Market Opportunities: Focusing on secondary market transactions where existing investors sell stakes due to liquidity needs or strategic adjustments, positioning the Fund to capitalize on attractively priced assets.
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.
