CSP Fund II Partner Sanjay Chakrabarty
Singapore-based private equity firms Capital Square Partners (CSP) and Basil Technology Partners (BTP) have announced a partnership and the close of a US$700 million fund.
The CSP Fund II raised capital from funds managed by HarbourVest Partners, TPG NewQuest, Committed Advisors and other institutional investors. It will acquire a portfolio of companies from CSP and BTP and provide the enlarged platform with capital for follow-on and new investments.
The new fund will operate under the existing CSP platform to build on a successful track record of investing in global technology services companies.
The team behind the CSP Fund II consists of Sanjay Chakrabarty, Rajeev Srivastava, Mukesh Sharda, Bharat Rao (non-executive director), and Sameer Kanwar. Over the past decade, the team has managed more than US$1.3 billion in AUM and operated and exited multiple companies, including Minacs, Indecomm and GAVS Technologies.
Also Read: Lighthouse Canton hits US$20M first close of its maiden venture debt fund
Partner Chakrabarty said: “We are building a leading regional technology investment platform, focused on leveraging our expertise in technology services and the emerging SaaS, AI, data analytics and digital sub-sectors. We believe these sectors will continue to show strength and resilience through economic cycles and yield compelling investment opportunities for CSP Fund II.”
Founded in 2014 and based in Singapore, CSP is a private equity firm investing in technology and business services across Southeast Asia and India. Since its inception, it has made over US$500 million in investments in cross-border businesses with multinational operations.
Founded in 2008, Basil is a private equity firm investing in niche technologies disrupting the IT services space.
Recently, Singapore-based global investment firm Lighthouse Canton announced the first close of its newly launched venture debt fund at US$20 million. Its regional venture debt strategy comprises a Singapore-based variable capital company (VCC) for investments in Southeast Asia and a Category II alternative investment fund (AIF) for investments in India.
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