The Singapore-headquartered firm said the deal demonstrates how it provides bespoke financing solutions for Indian businesses.
Lighthouse
Canton, which oversees more than $6 billion in assets under
management, has closed an INR1,050 million ($11 million)
private credit investment via an India-based structure and other
entities.
The organisation made the investment in Emerald Leisures Ltd
through the Category II Alternative Investment Fund (AIF), the LC
Luminere Credit Fund, and affiliate entities.
Emerald Leisures, which is listed in India on the BSE
exchange, is a leisure and hospitality company that owns and
operates Club Emerald, a sport, hospitality and recreational
destination in Mumbai.
Lighthouse Canton said the transaction adds to its record of
providing tailor-made financing solutions for established Indian
businesses. Its asset management business works with ultra-high
net worth individuals, family offices, institutional investors
and global investors. Capabilities cover private credit, growth
debt, venture capital, real estate private equity, public
equities and global macro hedge fund strategies. It has offices
in Singapore, Dubai, India, and London.
Late in July the business launched a
dedicated wealth platform for Non-Resident
Investors. Lighthouse Canton has set out its international
expansion strategy to this publication in recent years.