Investment firm Siguler Guff purchases stake in Indian Premier League team
Siguler Guff & Company, a prominent multi-strategy private market investor, is currently seeking capital for its Asia-focused PE strategy. The firm has also made an investment in an Indian Premier League (IPL) franchise, a Twenty20 cricket league in India.
According to reports, Siguler Guff & Company has raised a third of the capital for its emerging markets fund with an India mandate. The investment firm, which manages assets worth around $16 billion (approximately Rs 1.41 lakh crore), has not disclosed any specific details about the IPL franchise it has invested in.
In a notable move, Siguler Guff & Company is also exploring an exit from a medical device maker. However, no information about the potential buyer or buyers, the terms and conditions of the sale, or the impact of the sale on both parties involved has been provided.
The firm's key leadership, such as Adam Domanico (Principal) and Glyn Lloyd (Senior Investment Associate), have been associated with various activities at Siguler Guff & Company, but there is no direct link confirming their involvement in the IPL franchise investment. Similarly, no information about any legal or financial issues related to the investment by Siguler Guff & Company in the IPL or the potential sale of the medical device maker has been disclosed.
As for the capital-raising for Siguler Guff & Company's Asia-focused PE strategy, no updates regarding the current status or the timeline for the fundraising have been shared. The total target for the fundraising remains undisclosed as well.
While the potential impact of the investment by Siguler Guff & Company on the Indian Premier League or the franchise they invested in is unknown, the firm's entry into the cricket league is a significant development in the private equity landscape in India. The investment underscores Siguler Guff & Company's commitment to the country and its potential for growth in various sectors.
