Foundation PE buys Limited Partner stake in Prime Venture Partners' Fund 1

With this, Prime VP has delivered a healthy, top-decile return to its Limited Partners in 9th year of operation and has further extended the fund by four years

Foundation Private Equity (FPE), a provider of bespoke secondary solutions across Asia and Prime Venture Partners (Prime VP), an early-stage India-focused VC fund, said that FPE has acquired all of the LP (limited partner) interests in Prime VP’s Fund 1 via a LP tender offer process. Prime VP’s Fund 1 is a Mauritius-based fund and the first investor in seven companies including edtech startup Quizizz, and fintech startup Happay (recently acquired by CRED). With this development, Prime VP has delivered a healthy, top-decile return to its Limited Partners in its 9th year of operation and has further extended the fund