A Singapore-Korea partnership plans a joint investment of $20 million in India’s private debt sector

News update

Singapore, Jan 18 (PTI) — A Singapore-Korea investment partnership is set to co-invest USD 20 million in the Indian private debt space, citing a vibrant Indian market with significant exit opportunities across sectors such as financial services and consumer goods.

Lighthouse Canton, a Singapore-based global wealth and asset management investment institution, and NH Absolute Return Partners (NHARP), the Singapore-based asset management company of one of Korea’s largest securities companies, NH Investment & Securities, have signed a memorandum of understanding. (MOU) for co-investment in Indian companies.

Under the terms of the MoU, Lighthouse Canton and NHARP will also explore opportunities for «greater collaboration across the Indian private market».

“The Indian economy is at an inflection point, supported by favorable demographics, development-oriented policies and infrastructure growth. India’s CEE ecosystem is poised to benefit from overall growth as India is poised to become the third largest economy over the next 3-4 years,” said Sanket Sinha, director of Lighthouse Canton and head of its asset management business. .

«We are excited to join hands with NH Group to support the growth of companies operating in small finance, fintech, B2B trade and agriculture finance, among others, in India and Southeast Asia,» Sinha said in a statement on Wednesday.

«NH’s experience in these areas will benefit the companies in which we jointly invest,» he added.

“From an investor perspective, India is a vibrant market with significant exit opportunities across sectors such as financial services, consumer goods and B2B SaaS. By 2023, approximately US$30 billion has been realized through approximately 250 exit transactions in the PE and VC markets, including IPOs and M&As,” said Kijung Kwon, Managing Director and CIO of NH Absolute Return Partners.

«Furthermore, we plan to fine-tune our contact points to identify investment opportunities and achieve exits in promising Indian companies,» he added.

«India is a key market where not only the risk ecosystem but also the entire capital market is developing dynamically due to high growth,» said Hongwook Warren Kim, CEO of Global Business at NH Investment & Securities.

“Signing this MoU serves as an opportunity for us to better understand the Indian market. From now on, as one of Korea’s leading players in the capital market, we plan to create synergies in cooperation with Lighthouse Canton.”

India is a key investment market for Lighthouse Canton, which has offices in Singapore, Dubai, New Delhi, Mumbai, Hyderabad and Bengaluru, and the firm manages funds focused on India and Southeast Asia across a variety of private market strategies, including commercial real estate, venture capital and risky debt.

NH is actively investing in sectors of strategic interest in the region and hopes to leverage the resources of its parent company NH Investment & Securities and the infrastructure of the National Agricultural Cooperative Federation Financial Group to explore additional opportunities in India and the Southeast. Asia, according to the report.

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