Archive · 27 Jan 2026
Foundation PE Expands India Investments Amid Secondary Market Growth
Foundation Private Equity is a company that invests in other companies through a process called private equity.
They have a fund of $120 million and have already invested about 60% of it, with half of their deals happening in India.
They think India is a great place to invest because many companies there need money, and there aren't many other investors doing what they do.
Other big companies are also starting to invest in India.
Foundation helps these companies by giving them money when they need it, which allows the companies to keep growing.
They do this by working with the companies' managers and other investors.
India is becoming a big market for this kind of investment, and Foundation wants to be a part of it.
Foundation Private Equity has deployed 60% of its $120 million fund, with half of its eight deals in India.
The firm plans to expand its team in India to capitalize on the growing secondary market opportunities.
India's secondary market is driven by funds nearing the end of their life cycles and seeking liquidity.
Private equity and venture fundraising in India have tripled in the past decade, with $78 billion committed since 2020.
Foundation specializes in GP-led and LP-led secondary transactions, helping companies and investors with liquidity solutions.
- Who
- Foundation Private Equity, a pan-Asian secondaries firm, and various other global and domestic players
- What
- Expansion of investments in India's secondary market for private equity and venture capital
- When
- Ongoing, with a focus on 2024 and future growth
- Where
- India, with a broader context in Asia
- Why
- Growing need for liquidity among PE/VC firms, conducive regulatory environment, and limited competition in the specific space
- Fund Size
- $120 million
- Investments Made
- 8 (4 in India, 3 in China, 1 in Australia)
- India's Share of Asian PE/VC Investments in 2024
- 20%
- India's Global Rank in Venture-Backed Private Unicorns
- 3rd
- Key Players in India's Secondary Market
- Oister Group, Tribe Capital Management, Kenro Capital, Neo Asset Management, 360 One Asset Management, TR Capital, TPG NewQuest
- Foundation's Specialization
- GP-led and LP-led secondary transactions
- Notable Continuation Vehicles in India
- Multiples ($430 million), ChrysCapital ($700 million), Kedaara Capital ($300-400 million)