![]() The partnership with Peak Ventures comes as Nayar’s family office looks to increase focus on cleantech sectors through specialised investors. Taking up the role of a general partner, Nayar also assumes fiduciary responsibility for these funds instead of being a passive investor. This holding company also owns Sorin Investments separately. The firm made its first bet in ESG consulting firm Uniqus Consultech, and in February, it invested in SaaS-enabled marketplace Venwiz along with Accel and Nexus Venture Partners.įor Nayar, the partnership with Peak Ventures rolls up into an umbrella entity representing his family office. While this marks a foray into a new space for Nayar, his earlier fund Sorin Investments is focused more on technology sectors such as software-as-a-service (SaaS), edtech, fintech, and logistics. These investments are made with the intention of making them a part of the said fund. ![]() Warehousing of investments refers to a process where fund managers roll up their existing investments into a new fund. Having received Sebi approval for Nayar’s induction, the Peak Ventures Sustainability Fund-I will formally launch with six warehoused investments. The firm has also onboarded Norway’s former environment minister and United Nations Environment Programme executive director Erik Solheim on its advisory board. Samir Shah indicated that the firm is targeting a 75:25 split in investments between Indian and foreign companies. While the fund is largely India-focused, it could also look at startups building technologies outside of the country that can be scaled here. Through the Peak Ventures Sustainability Fund-I, the firm is looking to invest in 18-20 early-stage startups with average cheques ranging between $2 million and $5 million.
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