The "milestone" is the first time the group has taken such a step, it said. The capital will be used for technology, acquiring senior talent, and geographic growth, among other goals.

Lighthouse Canton, an international investment group headquartered in Singapore, has unveiled a $40 million strategic investment round – its first external capital raising exercise.

The round was led by Peak XV Partners; those taking part included Nextinfinity (investment holding company of Shyam Maheshwari – founding partner of SSG Capital, later Ares SSG). Qatar Insurance Company, an early investor in the company, continues to support its growth, Lighthouse Canton said in a statement.

The fundraise, which is being carried out to speed up growth, will be used to enhance technology infrastructure, attract senior talent, expand its product capabilities, and pursue geographic growth opportunities.

Founded in 2014, Lighthouse Canton has grown organically; it looks after more than $5 billion in assets across Singapore, India, the UAE, and the UK. 

“This is a defining milestone for us,” Shilpi Chowdhary (main picture), CEO of Lighthouse Canton, said. “With Peak XV and our strategic partners, we are deepening our capabilities, institutionalising further, and positioning ourselves for the next decade of growth.”

The firm has made a number of appointments to enhance its coverage of clients from North Asia and Southeast Asia. It has also partnered with Blue Sail Partners to form a cooperation, using Lighthouse Canton's reach in Asia, India, the Middle East, and the UK. Blue Sail Partners, a Swiss single-family office and advisory firm, will work with Lighthouse Canton to address an increasing need for sophisticated financial solutions and cross-border advisory services. See more here, here and here.