(Bloomberg) – Padmanabh Sinha and Vibhor Kumar Talreja, who worked with Temasek Holdings PTE more than a decade ago, have started a partnership with LaunchBay Capital, a growth equities company centered around India.
Sinha said the launch of Bey is to raise $400 million from international and domestic institutional investors, including about $100 million to $150 million in co-invested capital.
According to his LinkedIn data, Sinha left State Investment and Infrastructure Ltd in April after nearly four years as chief investment officer of private equity. Previously, he was the managing partner of Tata Opportunities Fund, a private equity platform of Tata Group Group. Prior to this, Sinha was Managing Director of Temasek and co-led the Indian business.
Talreja is recently a co-chaired investment officer at Eversource, a climate investment company backed by Lightsource BP and Everstone Capital in the UK. He will join the launch site as co-founder in August.
Sinha and Talreja worked together at Temasek for nearly four years from 2007 to 2011, where they completed several deals. Talreja took more than 12 years until 2019.
Sinha said the fund will place a minority stake between $25 million and $50 million in eight to 10 companies, including healthcare and consumers.
India remains the highlight of Asia in terms of last year's deal, according to a report by Bain. The country is the country's largest exit market, with the value of initial public product exits growing by 78% year-on-year in 2024. Fundraising remains challenging for private equity firms, although India-centric funds have increased their share from 7% in 2019 to 10% in 2024.
More stories like this are available Bloomberg.com
