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ZEPHYR MANAGEMENT, L.P.

ZEPHYR MANAGEMENT, L.P. is a Seed, Series A, Series B, Series C+, buyout and early-stage fund in emerging-markets, india, sub-saharan-africa and global investing in Fintech, infratech, food-and-agriculture, internet-technology and internet-tech.

Stages
Seed, Series A, Series B, Series C+, buyout, early-stage
Sectors
Fintech, infratech, food-and-agriculture, internet-technology, internet-tech
Invests in
emerging-markets, india, sub-saharan-africa, global
Actively investing
Yes
Founded
1994
Assets under management
$256.3M
Website
zmlp.com

Check size not disclosed

Thesis

Zephyr Management, L.P. is a global investment management firm established in 1994, focusing on private equity and marketable securities, with a significant emphasis on emerging markets. Their investment strategy is deeply rooted in emerging markets, with dedicated funds targeting private equity for small to medium-sized companies in India and early-stage ventures in Sub-Saharan East Africa. Additionally, they manage private marketable securities funds that engage in global equities and fixed income. The private equity arm pursues buyout and value-added investments, while their debt strategy addresses distressed debt opportunities. Zephyr Management primarily seeks out fast-growing, early- to growth-stage companies within sectors like Fintech, Infratech, and Food & Agriculture. They also support companies leveraging internet and related technologies through their Zephyr Internet Partners (ZIP) initiative. The firm employs a proprietary 'Business Cycle Asset Management' process, adapting to market shifts by methodically adjusting allocations across stocks, bonds, and cash, guided by economic analysis and technical indicators. As of December 31, 2025, their AUM was approximately $256.3 million (discretionary) and $11.98 million (non-discretionary). Since inception, they have sponsored 27 funds totaling around $1.3 billion in capital commitments. They have offices in New York, Bengal

Common questions

Does ZEPHYR MANAGEMENT, L.P. invest at the Seed stage?

Yes. ZEPHYR MANAGEMENT, L.P. lists Seed, Series A, Series B, Series C+, buyout and early-stage among the stages it invests in.

Where does ZEPHYR MANAGEMENT, L.P. invest?

ZEPHYR MANAGEMENT, L.P. invests in emerging-markets, india, sub-saharan-africa and global.

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