Funding
Former NIIF executive to launch $250 million PE fund
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Government-backed National Investment and Infrastructure Fund Ltd’s (NIIF) former top executive Padmanabh (Paddy) Sinha plans to launch a new private equity (PE) fund to raise approximately $250 million (around Rs 2000 crore).
Sinha will launch the general partnership fund under the name LaunchBay Capital and will focus on $25-50 million investments in growth-stage companies. He plans to raise $100 million as the first close but did not commit to any timelines.
“I’m happy to share that I’m starting a new position as Managing Partner/co-GP at…
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