Evolvence India platform is sponsored by Evolvence Asset Management, a strategic joint venture between Evolvence Capital & GoldPoint Partners, an affiliate of New York Life Insurance, New York
Evolvence Capital, founded in 2001 by Khaled Al Muhairy, is an alternative investment firm headquartered in Dubai, United Arab Emirates, with assets under management of over USD 500 million. The company invests in Middle East and Southeast Asia region and focuses on Asset Management, Education and Consumer Retail.
Evolvence Capital has sponsored the following India focused private equity funds:
Evolvence India Fund I
EIF I is a USD 250 Mn India focused private equity fund with a strategy to invest in funds and co-investments. The fund has invested in ten private equity funds and eight co-investments. In addition, the team manages a co-investment pool of USD 60 million
Evolvence India Life Sciences Fund
EILSF is a USD 84.1 mn direct private equity fund focused on providing growth capital to generic pharmaceutical and healthcare companies in India. The fund has invested in eight companies and has an active investment strategy and helps portfolio companies in expanding their products and markets, streamlining operations and improving corporate governance and reporting.
Evolvence was one of the first movers in the education sector in the GCC region and operates its education assets through Evolvence Knowledge Investments (EKI). EKI focuses on establishing schools and nurseries in the GCC region in partnership with internationally renowned schools.
Within the consumer sector, Evolvence operates through two teams: Ginza Fashion, which is focused on establishing high-end fashion outlets in the GCC region and Ginza F&B, which is focused on establishing high-end cafes & restaurants in up-market locations.
GoldPoint Partners is an affiliate of New York Life Insurance Company and manages $9.8 billion in private equity assets for its prop book and for global clients as on December 31, 2013.