The partnership with a Swiss asset manager and a private equity firm will see the formation of a new Asia and India linked private investment platform.
Woodman has made a $100 million commitment to Sanaka Capital and has also taken a minority interest in the general partner, the firms said in a statement last week.
Sanaka Capital will focus on identifying, building, operating and managing portfolios of companies across industry sectors through both control and minority investments.
Shankar Narayanan, the founder of Sanaka, has 25 years of private equity experience, and was formerly co-head of Carlyle Asia Growth Partners (CAGP) and head of India. The firm will make use of his expertise and experience to focus on alternate investments; including in India and those with India links.
“We are delighted to be partnering with Shankar Narayanan, which will give us a footprint to an exciting Asian market,” Daniel Aaxman, chief executive and founder of Woodman said. “This will also benefit our existing and future clients, who will have access to a first class private equity team with an unrivalled track record.”
Woodman is a Swiss registered asset and wealth manager, which is regulated by FINMA. It is based in Zug, and was founded in 2010.