Sinha will launch the final partnership fund beneath the title LaunchBay Capital and can give attention to $25-50 million investments in growth-stage firms. He plans to lift $100 million as the primary shut however didn’t decide to any timelines.
“I’m pleased to share that I’m beginning a brand new place as Managing Associate/co-GP at ‘Progress PE enterprise in starting stage’!” Sinha posted on skilled networking web site LinkedIn on Monday.
Talking to ET, Sinha mentioned there usually are not many funds within the progress stage in India in addition to globally, at current.
“We are going to take a look at broad based mostly sectors together with expertise, monetary companies, industrials, manufacturing, and so on. for high-growth companies.” he mentioned.
In March, Sinha stop as the manager director & chief funding officer for the private equity fund of NIIF to give attention to LaunchBay Capital, which he co-founded in 2020 however paused its launch as a result of post-Covid atmosphere.
