...ICICI Venture was also a trendsetter under Ramnath who invested in emerging sectors such as retail, biotech, media and aviation much ahead of others and pushed the firm from just venture funding to late-stage investing and even buyouts. She was also credited with creating a highly-successful structured finance portfolio that, within two years of its existence, contributed more than 40 per cent of ICICI’s incremental assets.
..Ramnath says Multiples will be sector-agnostic and make investments in Indian companies, management-led buyouts and spin-offs of divisions from large Indian groups — something she did at ICICI Ventures with great success.
...Her expectations about her own skills have, however, toned down a bit. At ICICI Ventures, she was known to give her investors outsized returns — the India Advantage Fund realised an internal rate of return of over 70 per cent. She says she would consider a job well done if she can give investors in Multiples a 25 per cent return.
Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private equity, venture capital and M&A deals in India. View free samples of Venture Intelligence newsletters and reports. Email the author at email@example.com