Asia-focused alternative investment manager Synergy Capital, which is founded by former Arcelor Mittal executive Sudhir Maheshwari, has raised $715 million in initial investor commitments for Synergy Capital Fund III LP, achieving over 70 percent of its target size at first close, according to an official announcement.
In India, the investment manager has previously invested in the likes of Shapoorji Pallonji Group, GMR Group and JSW Cements. Headquartered in Dubai, the firm maintains a presence in Singapore and India.
Synergy Fund III is targeting a final close of over $1 billion by May 2026.
With a focus on industrial and infrastructure assets, the Fund will invest mainly in private credit solutions with selective private equity exposure giving downside protection and strong risk adjusted returns, the announcement added.
“Amid market volatility, private credit is poised to bridge critical funding gaps in infrastructure and industrial sectors worldwide. Rapid urbanization, supply chain realignment and transition to green energy are key needs for overall growth of most Asian economies in the coming decade, offering a strong investment pipeline," said Sudhir Maheshwari.
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