Sanctum Wealth Management and venture capital fund Equanimity Investments have joined hands to help clients of the former diversify their portfolios by investing in early stage start-ups.
Equanimity, which plans to make 20 investments in next three years, will primarily focus on start-ups in India, it will also look to invest in such ventures abroad.
The fund would invest in start-ups, emerging or early stage venture capital undertakings mainly involved in new products, new services, technologies, intellectual property rights based activities or companies that are pursuing innovative business models.
It would hold its investments into a company to 7 years which could be extended by two years.
"Our fund will help support start-ups that use technology as their backbone ensuring scalability and sustainability of their business models while providing clients to benefit from our experience and expertise," Equanimity founder and managing partner Rajesh Sehgal told reporters here.
One needs a professional manager to manage investment in the start-up space, Sanctum Wealth Management head (products and solutions) Prateek Pant said.
"Equanimity's expertise within the venture capital and angel investing space would help the wealth management firm bring well researched ideas to its clients, helping them grow their portfolios".
"The scope within the industry is immense and we are excited about the opportunities that could follow for clients," he added.
Equanimity is backed by by marquee limited partners including Mark Mobius of the Templeton Emerging Markets group and Vijay Advani, president of Nuveen.
Sehgal, in his personal capacity, has invested in 22 start-ups since 2007, of which he has exited eight companies successfully. These include EduPristine, GreenDust, Zipdial, Speak Well Skills Academy, Textual Analystics, Express Bike Works and Squeakee.
On the other hand, Sanctum manages Rs 5,000 crore worth of client assets and provides a wealth management services to high net worth and ultra high net worth entrepreneurs and professionals through its offices in indfia and through its domestic and international alliances.
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