Faering Capital

What Faering Capital does

Faering Capital is a Mumbai-based private equity firm founded in 2009 by Aditya Parekh and Sameer Shroff, both former US investment bankers (Merrill Lynch and Morgan Stanley respectively). The firm is registered as Faering Capital Advisors LLP under SEBI AIF Category II and operates four active fund vehicles spanning its three fund vintages, including international vehicles introduced with Fund III. As of the most recent disclosure, Faering manages approximately $720 million in assets under management across three funds — Fund I (Rs. 830 crore, 2010), Fund II (Rs. 1,300 crore, 2016), and Fund III ($350 million, 2022) — with 33 portfolio investments cumulatively.

The firm's strategy is mid-market growth capital, typically deploying $10-30 million per investment in companies with proven business models and strong corporate governance. Sector focus is concentrated across four verticals: Financial Services (banks, NBFCs, insurance, fintech, capital markets), Consumer & Retail (brands, D2C, retail platforms), Healthcare (delivery, pharma services, insurance), and Business Services. Deal sourcing runs through an ecosystem-network model rather than competitive auctions, with co-investments alongside tier-1 sponsors including Warburg Pincus, Sequoia Capital India, General Catalyst, Avataar, Unilever Ventures, and Premji Invest. The portfolio includes both growth-stage bets (Smallcase, Plum, Bakingo, Hangyo) and mature NBFC/housing finance platforms (Finova, Vistaar, Vastu, Go Digit, Niva Bupa), with demonstrated exits including a 4X return on RBL Bank in five years, the Snowman Logistics IPO, the CAMS stake monetization, and the sale of Enamor to Advent International.

Revenue mechanics follow standard PE conventions: management fees on AUM (approximately 1.5-2% annually on $720M, implying $10-15M of fee revenue) plus carried interest on profitable exits. The firm's first fund is tracking 26% gross IRR with 40-50% of capital returned to investors, supporting LP re-up across subsequent vintages. Operationally, Faering runs a lean 11-50 person team concentrated in Mumbai with no public subsidiaries, app, API, or proprietary technology product — the "platform" is fundamentally human-capital and network-driven rather than technology-driven.

Name

Faering Capital

Legal name

Faering Capital Advisors LLP

Website

https://faeringcapital.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Faering Capital is a Mumbai-based private equity firm founded in 2009 by Aditya Parekh and Sameer Shroff, managing approximately $720M across three funds. It provides $10-30M growth capital to mid-market companies in Financial Services, Consumer & Retail, Healthcare, and Business Services across India.

Ownership category

akta.pro rank

Product category

Private Equity / Growth Capital Asset Management

NAICS

Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799)

akta.pro industry

PRIMARYFSANADAJ

Large-Cap / Sponsor Finance Direct Lending

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

SECONDARYFSANADAI

Middle-Market Lending

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

Keywords

• Private equity investment
• Growth capital
• Asset management
• Portfolio management
• Mid-market investing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Management Fees and Carried Interest: As a private equity firm, Faering Capital generates revenue through management fees charged on assets under management and carried interest (performance fees) from successful portfolio company exits. The firm has a demonstrated track record of delivering strong returns to investors, with first fund tracking 26% gross IRR and multiple successful exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Faering Capital is a private equity firm that invests growth capital of $10-30 million per transaction into mid-market companies with proven business models and strong corporate governance. The firm manages approximately $720 million across three funds, focusing on Financial Services, Consumer & Retail, Healthcare, and Business Services sectors. It provides capital along with strategic guidance, operational expertise, governance support, and network access to portfolio companies.

Product overview

Faering Capital is a private equity firm, not a product technology company. The firm operates as an asset management platform offering investment management services across multiple funds. They manage three funds (Fund I, Fund II, Fund III) with approximately $720 million in assets under management. The firm's investment strategy focuses on financial services, consumer & retail, healthcare, and business services sectors, investing in mid-market growth companies through a disciplined, sector-focused approach. Rather than offering technology products, Faering Capital provides capital, strategic guidance, and partnership to exceptional companies navigating sustainable growth.

Differentiator

Problem solved

Functional benefit

Products and services

• Faering Capital India Evolving Fund (Fund I) First private equity fund of Faering Capital targeting mid-market growth companies in India with five-year exit horizon. Invested across financial services, consumer, healthcare, and business services sectors.
• Faering Capital India Evolving Fund II Second SEBI-registered Category II Alternative Investment Fund (AIF) for growth capital investments in Indian mid-market companies. Invested in companies including Finova Capital, Vastu Housing Finance, Vistaar Finance, and others.
• Faering Capital India Evolving Fund III Third SEBI-registered Category II Alternative Investment Fund for growth capital deployment in Indian mid-market companies. Invested in PB Health, Hangyo Ice Creams, Bakingo, Smallcase, Go Digit General Insurance, Niva Bupa, and others.
• Faering Capital Growth Fund III SEBI-registered Category II AIF vehicle under Faering Capital's third fund vintage for growth capital investments.
• Faering Capital International Growth Fund III International SEBI-registered Category II AIF vehicle under Faering Capital's third fund vintage for international LP participation.

Quantifiable outcome

• First fund tracking 26% gross IRR
• +2 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Hangyo Founder and Managing Director Pradeep PaicoreStrategic or Co-development Partner · 22 August 2024Faering Capital invested $25 million in Hangyo Ice Creams, the first institutional investment in over 20 years for the company. Hangyo is a leading ice cream brand in South India with 120,000 litres per day manufacturing capacity.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Asha Ventures: India-focused growth equity firm investing in consumer, financial services, and healthcare sectors with similar mid-market ticket sizes. Directly comparable as a domestic sector-specialist PE competing for the same entrepreneur relationships.
• WestBridge Capital: Indian growth-stage investment firm focused on consumer, financial services, and technology companies. Comparable in stage, geography, and the $10-30M ticket size that Faering targets.
• ChrysCapital: One of India's longest-standing homegrown PE firms with multi-billion AUM, focusing on growth and control deals in Indian mid-to-large market. Directly comparable in geography, fund model, and sector breadth (financial services, consumer, healthcare, industrials).
• Multiples Alternate Asset Management: India-focused mid-to-large cap PE firm with similar growth-equity orientation. Has co-invested with Faering (sold secondary shares in Vastu Housing Finance), making it both a competitor and a transaction peer in the same deal universe.

Broad incumbents

• Warburg Pincus: Global growth PE firm with large India allocation and a co-investor of Faering (CAMS, Biba Apparels). Comparable in sector focus but materially larger AUM and broader mandate, putting it in overlapping-deal but not direct-competition territory.
• General Catalyst: Global venture and growth firm that co-led the $218M PB Health round with Faering participation. Comparable on growth-stage healthcare deals in India, though broader globally and earlier-stage in its core mandate.
• Norwest Venture Partners: Global growth equity firm with India presence, co-investor in Finova Capital's $65M round alongside Faering. Comparable in financial-services growth investing, though operates at materially larger scale globally.
• Avataar Venture Partners: India-focused growth investor that has co-invested with Faering (PB Health, Finova Capital). Operates at slightly larger scale and concentrates on consumer-tech and SaaS, with overlap on growth-stage Indian deals.
• Bain Capital India: Global PE firm with a dedicated India platform that pursues mid-to-large cap growth and control deals in financial services, consumer, and healthcare. Comparable in sector orientation but at substantially larger AUM.
• Sequoia Capital India (Peak XV): Large India-focused growth and venture investor that has co-invested with Faering (Finova Capital, Prataap Snacks). Operates at larger scale and broader stage range, with significant overlap on growth-stage deals.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments48 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faering Capital