New silk route to raise fresh fund in 2016 after slew of exits this year

1. New Silk Route to Raise Fresh
Fund in 2016 after Slew of Exits
This Year
PE major plans to build on improving investor sentiment towards India

2. Contd..
Late-stage private equity firm New Silk Route plans
to hit the road next year to raise its new fund, a
strategy that could see the PE major build on the
improving investor sentiment towards India after a
dismal two years.“We want to let this year run,
hear the budget, let some exits happen, but after
that, we certainly will look to hit the road,“ said
Parag Saxena, chief executive and founding general
partner of New Silk Route.
The size of the new fund is yet to be finalised by
the private equity firm that currently manages
assets of about $1.3 billion (. `8,630 crore), and
looks for opportunities across Asia and West Asia.
India, however, will continue to be the primary
investment market for New Silk Route, as it looks
to invest across sectors such as consumer services,
media and telecom and technology .

3. Contd..
“The first thing we need to accomplish is to make sure that we return some of the capital
that we have taken from investors, from the investments we've made between 2008 and
2010,“ Saxena said.
What should further help fund raising efforts is the firm's much anticipated string of
potential exits over course of 2015 and early 2016. While Saxena refused to disclose
details, one of New Silk Route's portfolio companies, Amalgamated Coffee Bean Trading
Company , the owner of India's largest coffee retail chain Cafe Coffee Day , is putting final
touches to its expected $250 million (about ` . 1,540 crore) public market debut later this
year.
Another portfolio company , goods and passenger transport services provider VRL Logistics
has also filed its draft red herring prospectus with the Securities and Exchange Board of
India. Separately , cable distribution firm Or tel Communications, too, has received
clearances from the markets regulator to raise money through an IPO. The private equity
firm may also look at tapping domestic investors for the new investment vehicle, a move, if
implemented, would make it the first global fund to bring on board Indian limited partners
(LPs).

4. Contd..
The next time it will be one of the things we will look
to do. We will look at mobilising Indian capital in
some form,“ Saxena said. Its current roster of LPs are
spread across the US, Europe and West Asia.
A number of top private equity firms, including Ajay
Relan-led CX Partners and Renuka Ramnath-founded
Multiples Private Equity , are currently in the midst of
raising their follow-on funds.CX Partners has already
received commitments of about $150 million (.`616.5
crore) from a host of global LPs, as was first reported
by ET in October last year.
“I feel optimistic... And I feel some of the things that
we have become better at will help us in making new
investments and raising a new pool of capital,“ Saxena
said.

5. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother )
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