Jupiter capital to launch private equity funds

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Bangalore: Joining the likes of Wipro and Infosys, Jupiter capital has decided to launch private equity funds, globally known as the family office funds.

As per a report appeared in Business Standard, Rajeev Chandrasekhar, CEO, Jupiter Capital is mulling a $150-million private equity fund, which will probably be launched in association with an established private equity fund. The trend began in India with Azim Premji, the owner of Wipro who floated a $1 billion fund in India.

According to sources in the PE segment, a number of private equity funds have initiated discussions with Jupiter Capital for a joint venture or a joint fund. Sources in the industry said that the discussions for a joint fund are at an advanced stage and a $150 million (Rs 500-Rs 600 crore) fund is expected to be announced. The sources further indicated that this would be a sector agnostic fund and will be growth-oriented. However, Jupiter officials declined to confirm the corpus or the focus of the fund.

Chandrashekhar's Jupiter Capital since mid-2005 has been directly incubating and growing business spanning across media, entertainment, hospitality, software, rail and aviation infrastructure through the holding firm Jupiter Capital.

With investments in Indian privately-held companies giving returns of around 20 percent to private equity investors, the established family offices of the U.S. are starting to invest in Indian companies.

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