AVENDUS CAPITAL PTE. LTD.

Thesis

Avendus Capital Pte. Ltd., a Singapore-based financial services firm, operates as part of the larger Avendus Group founded in 1999 in India. The firm provides a comprehensive suite of financial solutions including investment banking, asset management, credit solutions, and wealth management. Its investment strategy is diverse, with a strong emphasis on the digital and technology (D&T) sector within investment banking, alongside growing activity in non-D&T areas. They specialize in M&A, private equity syndication, and advisory services across various sectors like digital & technology, enterprise tech, consumer, financial institutions, healthcare, industrial, and infrastructure. The platform serves a diverse investor base including U.S. and Indian family offices, HNIs, and domestic institutions. Avendus also manages alternative assets, including the Avendus Absolute Return Fund (approx. $156M AUM) which invests in Indian equities and derivatives, alongside other strategies like the Avendus Enhanced Return Fund and ESG-focused funds. The firm has a global presence with offices in India, the U.S., and Singapore. The broader Avendus Group manages over $1.02 billion in consolidated AUM, with the FLF platform managing over $218 million across its first two funds and aiming for $350 million for its third fund. The firm has achieved significant returns, such as nearly 4x on Lenskart and National Stock Exchange of India within four years from the FLF I portfolio.

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