US-based Jaguar Growth Partners plans Asia fund, to focus on India, China

A woman counts her U.S. dollar bills at a money changer in Jakarta. Photo: REUTERS/Beawiharta

New York-headquartered private equity firm Jaguar Growth Partners plans to launch an Asia-focused fund next year, targeting India, China and other markets, according to a disclosure on the company’s website.

“Jaguar currently manages two funds focused on Latin America and has commenced activities in India initially focusing on high-yield debt investment with a fund expected in 2019 focused on India, China and other compelling markets in Asia,” the disclosure said.

As in Latin America, the firm will seek to invest across the region, capitalising on the growth of the middle-class, urbanisation and other long‐term secular trends that are expected to drive prospects for investing in real estate in these growth markets, it added.

Headquartered in New York, with offices in Sao Paulo and Mexico City, Jaguar is a privately-held investment management firm specialising in real estate private equity and credit in growth markets globally. Founded in 2013 by Gary Garrabrant and Thomas McDonald, Jaguar invests in and develops scalable real estate operating platforms.

According the company’s LinkedIn profile, it had been wanting to start operations in Asia since 2017. In an interview with Outlook Business in September 2017, Garrabrant had said that Jaguar was contemplating opening an office in Singapore to oversee its investments in Asia, and that it was bullish on India.

The company recently invested in a $77 million funding round of LatAm Logistic Properties, which acquires and owns industrial properties in Costa Rica, Peru and Colombia. Its other portfolio companies include Brazil-based Aliansce Shopping Centers and Mexico-based Hoteles City Express.

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