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Alternative Market Briefing

Multi-strategy alternative investment firm Sinai Capital raises $600m for venture capital, media funds

Thursday, November 19, 2020

Laxman Pai, Opalesque Asia:

Sinai Capital Partners said it has raised $600 million for two funds to finance impactful and social-change-oriented investments in tech, film and TV.

The investment firm that manages a diverse portfolio of private equity strategies that span media, entertainment, and technology said that it has closed $500 million that it will invest in late-stage software and technology companies across various categories.

And New Slate Ventures has secured $100 million to finance and produce films, documentaries, and television with an emphasis on intersectionality, inclusivity, and cultural impact.

The additional capital brings the combined assets under management by the Los Angeles-based group to $800 million.

The fund has investments in 85 companies, including such notables as Pinterest, Roman Health, and Hippo Insurance. With its newest raise, Sinai Ventures will focus on investing in growth-stage and pre-IPO companies. Sinai originally incubated out of Eagle Advisors, the family office of one of the founders of software giant SAP.

"Much like the entrepreneurs we back, Sinai believes the adoption of technology presents a global opportunity to change lives for the better," said Managing Partner Jordan Fudge. "To that end, we are mission-driven to discover teams building impactful companies across the world."

Partner Zach White adds, "We have long been dedicated to the thesis that the power of technology is the key to creating a more prosp......................

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