Xponentia Capital secures Rs 365 crore in the first close of its second fund
- ByStartupStory | July 25, 2022
Xponentia Capital Partners has received 365 crore ($45.7 million) from Indian corporates, family offices, and high-net-worth individuals as part of the first closure of its second fund, Xponentia Opportunities Fund 2.
The firm is trying to raise Rs 750 crore for the fund’s ultimate closing, which is scheduled to happen before December. The firm has made approximately eight investments from Fund I and will attempt to make approximately eight to ten investments from Fund II.
Srinivasan, managing partner at Xponentia Capital stated, “Our fund performance is driven by realised exits and is not only determined by valuation mark-ups. In fact, DPI (Distributions to Paid in Capital) is greater than 90% in XOF-1. Furthermore, timely exits have allowed us to reinvest and deploy 100% of the fund, narrowing the disparity between gross and net IRR.”
Singh, managing partner at Xponentia Capital said, “Domestic investors are significantly under-allocating to traditional private equity and alternatives as an asset class, and both family offices and institutions are eager to back managers with track records and demonstrated performance. We are quite certain that we will meet, if not surpass, our fund-raising target for our second fund in the coming months.”
About Xponentia Capital
PR Srinivasan and Devinjit Singh founded Mumbai-based Xponentia in 2018. It raised its first fund of Rs 351 crore in 2019. It invests in firms in industries such as finance, healthcare, consumer, and business services.
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