Stay Informed with Marketcurrents: Exclusive Investment Updates on Industry Giants
July 7, 2023
The MarketCurrents Data service furnishes you with information regarding the data points of the most affluent families and investors worldwide. Recently, our database has been updated with five more family office profiles. Here’s a summary of these updated family office profiles.
Premji Invest, the family office of Azim Premji, former Chairman of Wipro Ltd., has taken the lead in a funding round worth Rs 200 crore for the silver jewellery brand Giva. Premji Invest, said. “GIVA has emerged as a category leader with its focus on fine silver jewellery, design offerings and customer-centricity.” In addition, Premji Invest manages a substantial portfolio of $10 billion using an evergreen model, with investments spanning the United States and India. Their investment strategy encompasses both public and growing equity, employing a synergistic crossover approach.
Pharmeasy, an omnichannel pharmacy retailer, is in the process of raising ₹2,500 crore to pay off its senior debt, which was originally obtained from the global banking giant, Goldman Sachs. Of this amount, ₹1,000 crore will be provided by the family office of Ranjan Pai, the chairman of Manipal Education and Medical Group. According to an undisclosed source, Pai’s family office has submitted a term sheet for ₹1,000 crore, while an additional ₹1,000 crore will be raised from existing investors. As part of the agreement, Pai’s family office will acquire an 18% ownership stake in the company, becoming the largest individual shareholder.
George Soros’s philanthropic foundation is implementing significant workforce reductions, reducing its staff by nearly half. This development follows the recent assumption of leadership by Alexander Soros, George Soros’s politically engaged son from the millennial generation, who now serves as the chair of the board of directors. Alexander Soros took complete control of the multibillion-dollar foundation from his father just a month ago. The Open Society, in a statement, explained that the staff layoffs and operational modifications are aimed at optimizing their capacity to counter the current challenges faced by open and free societies.
RealCap Strategies can be traced back to a single-family office located in Arkansas, which initially specialized in investing in energy and natural resource assets. Today, RealCap and RealCap Exploration and Production operate as leading investment firms, primarily engaging in private, control investments within the oil and gas industry, encompassing exploration, production, and transportation. Headquartered in Dallas, Texas, RealCap predominantly directs its investment efforts towards opportunities in the United States and Canada.
Spindrift Equities functions as a family office with a core focus on investment management. Their portfolio encompasses a diverse range of investments, spanning from early-stage and growth financing to co-investments in buyout transactions. Notably, they recently participated in Bellwether Coffee’s Series B funding round on September 9, 2019.
WayPoint Capital Partners was established in 2001 with the objective of overseeing the private equity assets of a cable and satellite entrepreneur and their family. The company specializes in investing in privately held middle market companies in North America, pursuing both control and non-control positions. In 2021, the leadership of WayPoint Capital Partners introduced WayPoint Capital Advisors, LLC, an SEC-registered investment adviser, to facilitate the participation of like-minded, long-term investors in their investment opportunities. The firm’s headquarters are situated on the 9th floor of 677 Washington Blvd. in Stamford, CT.
MarketCurrents Data provides extensive information about Global Single Family Offices, making it an excellent source for learning more about the family office mentioned above.