Company Updates
LC Nueva Investment Partners announces final closure of LC Nueva Momentum Fund
LC Nueva Investment Partners announces final closure of LC Nueva Momentum Fund; Completes ~USD 54+ Mn (INR 500 Crore) fundraise and deployment across schemes
India, May 2026: LC Nueva Investment Partners announced the successful closure of the LC Nueva Momentum Fund 1, marking a key milestone in its strategy of investing in high-performing portfolio companies. With this, the organisation has fully raised and deployed ~USD 54+ Mn (INR 500 crore) across its flagship LC Nueva AIF and LC Nueva Momentum strategy, underscoring strong investor confidence and consistent execution. LC Nueva Investment Partners is a partnership between global investment institution Lighthouse Canton and Delhi-based Nueva Capital.
Building on Previous Success: The LC Nueva Momentum Fund Strategy
Following the successful closure of the LC Nueva AIF at ~USD 42 Mn (INR 350 Crore) in 2023, the LC Nueva Momentum Fund 1 was launched as a follow-on strategy to further capitalise on the existing portfolio winners. The fund is designed to primarily invest in emerging winners from the LC Nueva AIF, while also leveraging the platform's ecosystem to access adjacent opportunities and secondary transactions in high-quality businesses.
LC Nueva Momentum Fund 1 concentrates capital in businesses with demonstrated execution capabilities and scalable models, while selectively participating in secondary opportunities at attractive entry valuations. The strategy aims to deliver superior risk-adjusted returns over a relatively shorter investment horizon.
Strong Portfolio Performance and Strategic Team Elevation
Sohil Chand, Founding Partner and CIO, LC Nueva AIF, said:
"The LC Nueva Momentum Fund 1 enables us to double down on top-performing companies while selectively accessing secondary opportunities at attractive valuations. We have invested in 11 companies from LC Nueva Momentum fund 1 and within the first year of deployment, we are already tracking a strong MOIC on concluded investments. This underscores our disciplined approach and commitment to delivering value for our investors despite market volatility."
Leadership Perspective on India Strategy Evolution
Sumegh Bhatia, MD & CEO, India, Lighthouse Canton, added:
"The successful final close of the LC Nueva Momentum Fund 1 marks an important evolution in our India strategy. Building on the LC Nueva AIF, this follow-on strategy allows us to scale our support for high-performing companies while efficiently deploying capital where we have strong conviction and visibility."
In conjunction with the fund closure, LC Nueva has elevated Karan Gala to Partner. Karan has been with the platform since inception, leading investments across Financial Services, Consumer, and B2B sectors. His elevation reflects the depth of talent developed within the platform and the team's commitment to sustained excellence.
Disciplined Execution and Long-Term Portfolio Support
Ashish Chand, Founding Partner, LC Nueva AIF, said:"The LC Nueva Momentum Fund 1's successful closure is a testament to the disciplined, conviction-led approach we have built as a team. Karan's elevation to Partner reflects the depth of talent we have developed within the platform. We remain focused on backing India's most promising businesses for the long term."
Diversified Portfolio of High-Growth Portfolio Companies
LC Nueva AIF which closed in 2023 has backed a diversified portfolio of ~30 high-growth companies across fintech, consumer / consumer tech, and B2B businesses. Select portfolio companies across the LC Nueva platform include Rusk Media, Grip Invest, Bimapay, Internshala, RecurClub, Redcliffe Diagnostics, Tanvi Beverages, UnORG, Namdev, Hindon, TABP, Buyume, and High Street Essentials (Indya), amongst others.
Operating within the broader Lighthouse Canton platform, which manages over USD 5 billion AUM globally, LC Nueva combines institutional rigour with an operator-led approach. With both funds fully deployed, LC Nueva will continue to actively support its portfolio companies through their next phase of growth, while focusing on value realization through public market block deals, strategic exits, and secondary transactions over the investment horizon.
*The LC Nueva MomentumFund 1 was closed on 25th February, 2026.
About Lighthouse Canton
Lighthouse Canton is a global investment institution with wealth and asset management capabilities. The firm employs over 220 experienced professionals across offices in Singapore, Dubai, India, and London, and currently oversees over USD 5 bn worth of assets under management and advisory (as of 31st October 2025). Lighthouse Canton creates value through innovative investment solutions for accredited private clients, institutional investors, and an ecosystem of founders and entrepreneurs globally.
Lighthouse Canton's Asset Management business comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, private credit, venture capital, growth debt, public equities, and global macros. Its Wealth Management business caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders, and entrepreneurs.
Lighthouse Canton is regulated by the Monetary Authority of Singapore (MAS), the Dubai Financial Services Authority (DFSA), the Securities and Exchange Board of India (SEBI), and the Financial Conduct Authority (FCA).
About Nueva Capital
Nueva Capital is an investment management company managing USD 100 million across both private and public markets. Founded by Ashish and Sohil Chand, both of whom have extensive backgrounds in venture capital and private equity, the company was created to leverage their expertise in identifying and investing in early-stage private businesses. With a focus on long-term value creation, Nueva Capital strategically balances its portfolio between private companies and publicly traded assets.
The organisation emphasizes strong governance, transparency, and active partnership, ensuring that its investments align with the interests of all stakeholders. By combining rigorous research and hands-on involvement, Nueva Capital aims to be a trusted partner in driving the success of its investees while generating sustainable returns for its investors.
