Investment Approach
Asia is not short of growth avenues - the key is in unlocking the right opportunities whilst containing risks. With our industry knowledge, strategic insights, resources and on the ground access in Asia, we are able to prudently invest with strategic investors across sectors and geographies. As we aim towards generating a superior risk adjusted return, a rigorous investment process centred on prudent cash flow, local knowledge and risk management, ensures that we also steer clear of potential traps. To ensure an alignment of interest with our clients in all investments, Karrin Associates deploys proprietary capital into its own funds. Some of the areas we have invested in include Plantations, Healthcare, Infrastructure, Property, Consumer, O&G, Utilities and others.
Investing in Lower to Middle Markets
Growth Capital
Karrin I is a USD50mil fund focused on riding the consumer demographic growth in South East Asia where the expected growth in consumer income and the adoption of technology will severely alter consumption patterns across industries over the next decade.The fund focuses on late stage lower-middle market companies which are Ebitda positive or with a clear path to profitability. While we are sector agnostic, the industries that we focus on are the B2B2C and B2C consumer companies. Our investment process is stringent as we seek companies with defendable moat and good unit economics in ‘future proof’ industries which are growing. We typically co-invest in these companies with investors who possess the necessary operational knowhow while we provide the strategic, financial and partnership roadmaps. The bite sizes we consider in this area range from US$5 - 20 million.
Karrin I remains open for subscription to Accredited Investors.
Special Situations
Ever so often, we do see special situation opportunities with the potential to alter the future course of a business. Selectively, we do consider and participate alongside proven industry leaders in unlocking upside potential from under-appreciated, distressed companies, or companies with good cashflows leading to buyout opportunities. Crucially these companies must possess valuable assets and with the entry and exit drawn up before hand to ensure a favourable risk reward in these investments. The bite sizes we consider in this area range from US$10 - 30 million.
Karrin I is a USD50mil fund focused on riding the consumer demographic growth in South East Asia where the expected growth in consumer income and the adoption of technology will severely alter consumption patterns across industries over the next decade.The fund focuses on late stage lower-middle market companies which are Ebitda positive or with a clear path to profitability. While we are sector agnostic, the industries that we focus on are the B2B2C and B2C consumer companies. Our investment process is stringent as we seek companies with defendable moat and good unit economics in ‘future proof’ industries which are growing. We typically co-invest in these companies with investors who possess the necessary operational knowhow while we provide the strategic, financial and partnership roadmaps. The bite sizes we consider in this area range from US$5 - 20 million.
Karrin I remains open for subscription to Accredited Investors.
Special Situations
Ever so often, we do see special situation opportunities with the potential to alter the future course of a business. Selectively, we do consider and participate alongside proven industry leaders in unlocking upside potential from under-appreciated, distressed companies, or companies with good cashflows leading to buyout opportunities. Crucially these companies must possess valuable assets and with the entry and exit drawn up before hand to ensure a favourable risk reward in these investments. The bite sizes we consider in this area range from US$10 - 30 million.
Our Areas of Focus
Our area of focus are the B2B2C and B2C consumer space. Within this umbrella, we delve deeper into a few sectors in ASEAN where we continue to explore opportunities in. While the sectors may differ, our fundamental financial compass in assessment and ability to value add forms the very core of our investment approach.
Education
Logistics |
Food Manufacturing
Retail |
Healthcare
Technology Infrastructure |