Caravel Asset Management
Caravel Asset Management is an institutional investment manager, with a primary focus on direct investments in global liquid markets including public equity and credit, across all industries. Our investment strategy seeks to deliver sustained long-term returns while avoiding undue risk. This is achieved through building a well-balanced and globally diversified portfolio. The investment holdings of Caravel Asset Management are held with affiliates of The Caravel Group, giving strength to our balance sheet and underpinning the stability of the entire Group.
We are focused on generating alpha, on a total return basis, through stock selection. We employ a rigorous fundamental framework, and believe in active equity investments, in the form of a concentrated, high-conviction equity portfolio in companies with long-term and sustainable businesses.
We seek to achieve a combination of current income generation, in addition to alpha capture across our credit portfolios. Utilizing a strong fundamental approach to credit selection, we have the flexibility to invest across the capital structure of companies we evaluate, thereby providing us with multiple sources to create alpha and income across the credit spectrum.
We maintain a well-diversified portfolio of private equity, real estate, and hedge fund managers.
In making direct investments, we seek out firms with strong growth potential and conduct in-depth due diligence to ensure that they meet our investment criteria. We strive to be an active shareholder, good partner, and well-aligned to management teams and their vision.
We recently launched Sorin Investments, an early-stage, tech-focused venture capital firm aimed at nurturing and enabling India’s growth story.
Caravel Sustainable Investments (CSI) is a newly established business within The Caravel Group’s portfolio of businesses and investments. It was founded on the belief that to secure our future as a planet, transformative change to the way people live, and every area of business and society is necessary. At CSI, we make deliberate and coordinated investments focused primarily on climate technology and decarbonization. We invest in businesses that have the potential to transform industries and engage in partnerships where we see strong, mutual benefits that can magnify our overall impact.
We are both an investor and shareholder of Aera VC, an early-growth fund investing in deep tech ventures that accelerate the world towards a sustainable future.
Caravel Asset Management's direct investment portfolio includes:
We were the earliest investor in Nykaa, an Indian beauty omnichannel retailer which successfully listed on the Indian stock exchanges in November 2021.
Young Master Ales Brewery is one of Asia’s highest rated and most awarded craft breweries who make a wide range of exciting beer styles. The Caravel Group has been a partner since 2015.
Meesho is an Indian social e-commerce company which enables small businesses and individuals to start their online stores via social channels such as WhatsApp, Facebook, and Instagram.
Max Healthcare is India's leading provider of world-class healthcare services with a network of over 17 healthcare facilities across the NCR Delhi, Haryana, Punjab, Uttarakhand, and Maharashtra.
Reliance Retail is India’s largest with a nationwide network of retail outlets delivering a world-class shopping environment and unmatched customer experience powered by state-of-the-art technology and a seamless supply-chain infrastructure.
Jio Platforms Limited
Jio Platforms is an Indian technology company and a subsidiary of Reliance Industries, headquartered in Mumbai, India. Established in 2019, it acts as a holding company for India's largest mobile network operator Jio and other digital businesses of Reliance.
The Caravel Group was an investor in Palantir Technologies, a US-based software company that empowers organizations to effectively integrate their data, decisions, and operations.
Flexiloans’ vision is to provide “Financial Access at a Click”. Consumers & small business owners can borrow through FlexiLoans to get loans customised to their needs at a fast pace & at transparent finance charges.
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