Bay Capital is an active fiduciary. However,  we invest the way we want our capital to be managed — with the utmost care. In the private equity business, we source our own deals by offering strategic inputs for our investees and in the process become trusted advisors.  This creates a long-term relationship and, often, an attractive entry price. In investing in public markets, we look for companies with moats that are incredibly difficult to breach. Our typical holding period is quite long – creating overall cost efficiencies.  We are motivated by generating performance and our overarching philosophy is to always keep our investors’ interest ahead of our own.

A Message from our Founders...

WHO WE ARE

 

  • Established team with over 100 years of experience
  • We are shareholders alongside our investors
  • The investment management firm focuses primarily on companies based in India
 
 
 

A BOUTIQUE INVESTMENT MANAGEMENT FIRM

 
 
WELL ESTABLISHED OPERATIONS IN INDIA MAURITIUS & SINGAPORE

 

  • Regulated by SEBI (India), MAS (Singapore), and FSC (Mauritius)
  • Both long-only and private equity businesses share operational, compliance, and marketing resources
 
 
LONG TRACK RECORD IN PRIVATE EQUITY
 
 
    • 17 deals completed on a deal by deal basis
    • Recent exits include McDonald’s India (Westlife), Vini Cosmetics, and Sterling Holiday Resorts
 
EXTENSIVE TRACK RECORD IN LONG-ONLY, PUBLIC MARKETS INVESTING IN INDIA

 

 

 

 

  • Concentrated, bottom-up, long-only approach
  • Local network providing quality, accuracy, and transparency for an information advantage
  • Investing in India today reminds me of the US in 1982: double-digit interest rates beginning to fall, a successful central bank fighting inflation and much needed labor reforms being implemented. However, there is one important difference. India's GDP/Capita in 2014 is equal to that of the US in 1880.

- James Sheridan, Partner

OUR EDGE

FOCUSED APPROACH

In our long-only efforts, we are only interested in great companies that have sustainably high ROICs. In the PE business, we invest only in those companies where we believe we can add value to the sponsor while making money for investors

LOCAL PRESENCE

Intense research, due diligence and logistic support possible

EXPERIENCE

We believe we have the experience to assist our companies and the judgment to assess sustainability of returns

PATIENCE

  • In our long-only business, we believe in an ‘equity yield curve’ where returns increase with time and therefore seek investors who share our belief in the power of compounding

 

  • Our PE investments are financed on a deal by deal basis. We never rush to invest committed capital. This patient approach gives us a significant advantage over traditional PE funds
  • Private Equity investing in India is filled with challenges.  Bay Capital recognises this and has altered its approach.  First, we never participate in auctions, we source our own deals.  Second, we invest only on a deal by deal basis (usually after long periods of building trust with sponsors).  We therefore feel no pressure to invest based on the cycle of PE fundraising and investing.  We believe this discipline ensures a stable, reliable, investment process and return to our investors.”

 

— Siddharth Mehta, Founder

 

 
 
ALL INVESTMENTS FINANCED ‘DEAL BY DEAL’
Two benefits: We are in no rush to invest before the end of ‘an investment period’ and secondly, this allows increased transparency for investors.
 
 

CREATE INVESTMENT OPPORTUNITIES FOR OURSELVES

We don't participate in auctions

 

OUR GOAL IS TO BECOME A LONG-TERM TRUSTED ADVISOR BY OFFERING STRATEGIC INPUT AND UNIQUE SOLUTIONS TO OUR INVESTEES

 

 
 
 
WILLING AND ABLE TO TAKE MANAGEMENT CONTROL
 
 
 

SEVERAL RECENT PROFITABLE EXITS IN A DIFFICULT PERIOD

OUR PRIVATE EQUITY STRATEGY

  • We have found that the best Indian listed businesses have turned India’s ‘idiosyncrasies’  of weak logistics and multiple languages/cultures into significant barriers to entry. Our companies have sustainably high returns by capitalizing on branding, technology and distribution advantages, often built over long periods of time.”

 

— Puneet Saraogi, Co-Founder & Managing Partner, Bay Capital Partners LLP

 

 
 
LONG ONLY PUBLIC EQUITIES

 

 

 
 
CONCENTRATED APPROACH

(15-20 stocks)

 

 

 
 

INTEND TO BE MARKET-CAP AGNOSTIC

 

 
 
FOCUS ON COMPANIES WITH SUSTAINABLY HIGH RETURN ON CAPITAL (ROCE)
 
LOW TURNOVER

Positive implications for expense ratio and for long-term taxable investors

 

OUR LONG-ONLY STRATEGY

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BAY CAPITAL PARTNERS LIMITED

 

 

 

 

Tel: +230 467 5665

 

BAY CAPITAL PARTNERS UK LTD.

 

 

 

 

Tel: +44 20 3907 0291

 

BAY CAPITAL PARTNERS PTE. LTD.

 

 

 

Tel: +65 6396 4460

20 Bendemeer Road, #03-12,

Singapore – 339914

**

CAREERS

To inquire about job vacancies or to submit your CV, please email: team@baycapindia.com

DISCLAIMERS

Past investments and performance should not be viewed as indicative of future performance.

 

The investments described on this website are speculative, involve significant risk and are suitable only for investors of substantial net worth who are willing and have the financial capacity to purchase a high risk investment which may not provide any immediate cash return and may result in the loss of all or a substantial part of their investment. No assurance can be given that the investment objective described on this website will be achieved, or that the risk management framework described on this website will achieve its objective.

 

This website does not constitute an offer, or a solicitation of an offer, to sell any security or provide investment services to any person in any jurisdiction in which it is unlawful to make such an offer or solicitation. This website is not a prospectus or an advertisement of any investment vehicle or product, and no offering is intended to be made hereby (to the public or otherwise).

 

Any information regarding your funds should be behind a password protected firewall (at the very least for US investors). Note that some of the information you have the "portfolio" should be so protected.

 ** Bay Capital Partners UK Ltd is authorised and regulated by the Financial Conduct Authority

© 2015 - ALL RIGHTS RESERVED - BAY CAPITAL INVESTMENT MANAGERS PVT. LTD.