A $20 million joint investment by Singapore and Korea would be made in the Indian private loan market

A $20 million joint investment by Singapore and Korea would be made in the Indian private loan market

A $20 million joint investment by Singapore and Korea would be made in the Indian private loan market

An agreement (MoU) for co-investment in Indian companies has been signed by Lighthouse Canton, a global wealth as well as asset management investment institution based in Singapore, as well as NH Absolute Return Partners (NHARP), the asset management division of NH Investment & Securities, a major securities firm in Korea.

In the Indian private loan sector, the Singapore-Korean investment partnership would co-invest US$20 million, citing the country's thriving market with substantial exit potential across financial services and consumer sectors.

An agreement (MoU) for co-investment in Indian companies has been signed by Lighthouse Canton, a global wealth and asset management investment institution based in Singapore, as well as NH Absolute Return Partners (NHARP), the asset management division of NH Investment & Securities, a major securities firm in Korea.

Lighthouse Canton and NHARP have agreed to investigate prospects for "deeper cooperation in the Indian private markets" as part of the MOU.

"Thanks to growth-oriented policies, improving infrastructure, and a favorable demographic base, India's economy is at a turning point. India is expected to become the third biggest economy in the world in the next three years, which would assist the country's mid-market ecosystem overall. Poised to become the greatest economy in the next one to four years, according to Sanket Sinha, head of Lighthouse Canton's asset management division and a director on the board.

In a statement on Wednesday, Sinha said, "We look forward to working with NH Group to support the growth of companies operating in sectors comprising micro finance, fintech, B2B commerce, as well as agri finance in India as well as South-East Asia." enthusiastic about."

"The businesses in which we jointly invest will benefit from NH's experience in these areas."

"From the standpoint of investors, India is a thriving market with substantial exit potential in a number of industries, including consumer, B2B, and financial services SaaS. IPOs and M&A in 2023, said Kijung Kwon, NH Absolute Return Partners' managing director and chief information officer. Through almost 250 exit deals, including in the PE and VC markets, about US$30 billion has been raised.

He said, "We also intend to pay closer attention to finding investment opportunities as well as securing exits in promising companies in India."

“India is a key market because not only the enterprise ecosystem but also the entire capital market is evolving actively due to high growth,” said Hongwook Warren Kim, CEO of NH Management & Securities' Global Business Division.

"We have the chance to get a deeper understanding of the Indian market by signing this MOU. As one of the top participants in the Korean capital market, we now want to work with Lighthouse Canton to create synergy."

Lighthouse Canton runs funds focusing on India and South-East Asia across a range of private markets strategies, including commercial real estate. The business considers India to be a primary investment market, with offices in Singapore, Dubai, New Delhi, Mumbai, Hyderabad, and Bengaluru. oversees venture debt and venture equity.

In order to investigate further prospects in India and the Southeast, NH is actively investing in areas of strategic interest in the area and is making use of the infrastructural resources of both the National Agricultural Cooperative Federation Financial Group as well as its parent business, NH Investments & Securities. anticipates benefiting. Asia, the press announcement said.