The fund seeks opportunities across high-growth, expansion-stage businesses with a primary focus on China, India, and Southeast Asia.
According to Siguler Guff, the new fund has already made a number of investments in the ecommerce, internet marketplaces, organised retail, consumer mobility, and enterprise software sectors.
The fund’s investor base includes public and corporate pension plans, insurance firms, sovereign wealth funds, endowments, foundations, and family offices in North America, Europe, Australia, Asia, and the Middle East.
“GEMCo, our first direct investment emerging markets fund, represents a strategic evolution and broadening of the firm’s emerging markets strategy,” said Drew Guff, founding partner of Siguler Guff.
Siguler Guff is a US-based PE firm with $15 billion of assets under management and 25 years of investment experience. It seeks to generate returns by focusing opportunistically on market niches.
Founded in 1991, the firm said its core investment strategies include small business, opportunities credit, distressed real estate, and emerging markets.
The company is headquartered in New York, with offices in Boston, London, Moscow, Mumbai, São Paulo, Shanghai, Tokyo, Seoul, Hong Kong, and Houston, Texas
In 2018, Siguler Guff invested an undisclosed amount in West Bengal-headquartered value retail chain Baazar Retail Ltd. The Indian startup was raising around $55-70 million then by selling a significant minority stake to PE investors.
“GEMCo allows us to not only capitalize on the higher growth trajectory and attractive valuations presented by emerging markets, but to play a substantial role in the premier transactions taking place within each region,” Shaun Khubchandani, managing director at the PE firm.
Publicly available data showed that Siguler raised $650 million in April 2014 for Siguler Guff & Company BRIC Opportunities Fund III and another $1.6 billion for Small Buyout Opportunities Fund IV in January 2020.