Introduction

The Middle East has been deeply involved in the global alternative investment industry. It hosts some of the world’s biggest sovereign wealth funds and thousands of large family offices that are looking for new investment opportunities.

The last few years have also seen several successful venture capital firms and startups emerge from the region, making a mark on the entrepreneurial map.

Add to it the serious push by regional authorities to attract investment funds to set up their base in tax-friendly jurisdictions, and the Gulf is certainly buzzing with activity in the private market.

While global headwinds and a tight liquidity environment impacted private equity and venture capital deals across the world, key markets in the Middle East emerged as bright spots. Overall, PE and VC deal value and the number of transactions in the region edged lower in 2023. Total deal value fell to $11.5 billion in 2023 from $15.7 billion in 2022 while the number of transactions slipped to 430 from 728, according to S&P Global Market Intelligence data.

However, Saudi Arabia recorded an uptick in venture funding activity. The kingdom recorded a 33% growth in the value of VC deals in 2023 to $1.38 billion, although the number of deals fell to a three-year low of 125 from 157 in 2022, data by Magnitt showed. It was led by four mega deals worth a total of $879 million, including buy-now-pay-later platforms Tabby and Tamara.

That said, even though the startup world has seen a cooling off after the heady days of 2021, in sync with global trends in the technology space, the entrepreneurial zeal in the region is well preserved.

To gauge the investment opportunities in the region and assess how can limited partners (LPs) leverage their financial muscle to not just create returns but do so while pushing sustainability and the cause of seeing companies scale up with Middle East as their home base, VCCircle, the largest emerging markets publication tracking the alternative investment ecosystem, is organizing the inaugural Dubai chapter of its flagship LP event in India. The LP event in India is now in its milestone 15th edition.


Agenda

8:00 AM onwards
  • 8:00 AM – Onwards

    Registration

  • 9:15 AM – 9:25 AM

    Opening Address

    • Mani James, CBO, Mosaic Digital
  • 9:25 AM – 9:30 AM

    Welcome Address

    • Surajit Chanda, Co-founder, Toyow 
  • 9:30 AM – 9:40 AM

    Special Address

    • Amb. Dunston P, CEO, Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi
    • Pranav Jyoti, Chief Investment Officer, Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi; Co-Founder & Managing Partner, Mirai Capital Global
  • 9:40 AM – 10:00 AM

    Creating global businesses out of Middle East

    The Gulf region has traditionally been seen as a source of capital. Investors from the region have backed and now own several large brands internationally. But they are viewed as a financial stakeholder. How can private capital create global champions in various industries with their home base in the Middle East? Can LPs and family offices back fund managers and thereby their portfolio in the region to go after large assets internationally via bolt-on deals to create Gulf-based business giants?

    • Youssef Salem, CFO, ADNOC Drilling
    • Suresh Vaidhyanathan, CEO - Special Projects, Ghassan Aboud Group, UAE
    • Pranav Jyoti, Chief Investment Officer, Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi; Co-Founder & Managing Partner, Mirai Capital Global
    • Moderator: Priyal Mahtta, Senior Correspondent, VCCircle
  • 10:00 AM – 10:30 AM

    Middle East to South Asia connect

    Investors in the Middle East are already operating with new acronyms like MEASA and MESA that cover Africa as well as South Asia. While sovereign funds and some large PE investors like Investcorp, Gulf Islamic Investments and Gulf Capital have been pretty active in India, several VC firms are also looking at the wider South Asia region, especially Pakistan and Bangladesh, to invest in local startups. In fact, India has emerged as the largest recipient of private capital from the Middle East across Asia during the four years through 2023, accounting for 51% of the total deals struck by Gulf investors in the continent, as per a report by Global Private Capital Association. How can investors in Gulf create the right winning combination in the MESA block?

    • Nandi Vardhan Mehta, CFO and Investment Committee Member, Kaaf investments
    • Tushar Singhvi, Deputy CEO & Head of Investments, Crescent Enterprises
    • Mahendra Swarup, Founder, Venture Gurukool & Ankurit Capital
    • Moderator: Dilasha Seth, Senior Assistant Editor, VCCircle
  • 10:30 AM – 11:00 AM

    Fueling sustainability

    What tools and metrics are LPs in the region putting in place to be in sync with the focus on sustainable solutions and sustainability as an overarching theme for the authorities in the region? How can they ensure deals are not greenwashed to confirm to an investment parameter and measure impact in a more tangible way?

    • Anas Bataw, Executive Advisor, PIF and Partner at Zacua Ventures 
    • Maher Al-Kaabi, Advisor to Alserkal Group Chairman, UAE Circular Economy Council Member & UAEIIC Executive Committee Member
    • Moderator: Sreeja Biswas, Senior Correspondent, VCCircle
  • 11:00 AM – 11:05 AM

    Whitepaper Release

    • Surajit Chanda, Co-founder, Toyow
    • Mani James, CBO, Mosaic Digital
  • 11:05 AM – 11:30 AM

    Networking Break

  • 11:30 AM – 12:00 PM

    Risk mitigation via right asset allocation for family offices

    Many family offices in the region tend to become business owners, creating an extension of their own conglomerates. How can they become a stronger source for channeling money through third-party fund managers—be it private equity, venture capital or private credit? What has been the experience of investing in the alternatives space in the region?

    • Neelesh Bhatnagar, Founder & MD, NB Ventures
    • Dr Ruchi Dana, Partner & Executive Board Member, Dana group
    • Rajesh Ranavat, Director, Fung investments
    • Moderator: Priyal Mahtta, Senior Correspondent, VCCircle
  • 12:00 PM – 12:30 PM

    Putting the diligence in due diligence

    LPs and GPs have had mixed experience in the past due to less than appropriate due diligence over deals, assessment of fund managers and, last but not the least, the entrepreneur. The stakeholders need to design a diligence process that is faster, comprehensive and yet one that covers all the loopholes. What tools and processes can make LPs a better judge of GPs? What lessons can we draw from deals that went off track with respect to credibility of disclosures? How can investors minimize the risk of entrepreneurs taking them for a ride? How has the nature and focus of diligence changed over the years?

    • Walid Saad, Chief Financial Officer, Saif Belhasa Holding
    • Manish Khurana, Co founder & Director, Innovations venture studio
    • Saravana Kumar, Board of Director & Chief Executive Officer, NSIC Venture Capital fund
    • Moderator: Sreeja Biswas, Senior Correspondent, VCCircle
  • 12:30 PM – 2:00 PM

    Networking Lunch

  • 2:00 PM – 2:30 PM

    Mapping out the startup ecosystems in the region

    The UAE has been the key market but has been lately joined by Saudi Arabia in creating an entrepreneurial culture that goes beyond the oil money. How do VCs in the region see the startup ecosystem in various countries that make up MENA and how are they reimagining their investment strategy to leverage the opportunity?

    • Daniel dos Reis, Head of investments, Wamda capital
    • Khaled Talhouni, Managing Partner, Nuwa Capital
    • Ankit Sarwahi, Partner, MEVP
    • Sonia Weymuller, Co-Founder and General Partner at VentureSouq (VSQ)
    • Saad Siddiqui, General Partner, Titanium Ventures
    • Moderator: Dilasha Seth, Senior Assistant Editor, VCCircle
  • 2:30 PM – 3:00 PM

    Tokenisation: A digital red carpet for owning real assets

    Tokenization of real assets is gaining traction in emerging markets and reshaping how assets are owned, traded, and managed. It allows investors to buy fractional ownership in assets like real estate, infrastructure, art or commodities, leading to greater transparency, reduced risk, and more diversified investment portfolios. Regulatory norms have also created a framework that support blockchain and tokenization. How can investors leverage this route to build exposure to real assets? What are the emerging issues and challenges and how can they be solved for the future?

    • Surajit Chanda, Co-founder, Toyow
    • Vineet Budki, Managing Partner & CEO, Cypher Capital
    • Achal Ghai, Group Managing Director, Legacy Emirates Group
    • Moderator: Sreeja Biswas, Senior Correspondent, VCCircle
  • 3:00 PM – 3:30 PM

    Private credit: from an also-ran asset class to mainstream

    Blessed with a fairly well-developed local banking ecosystem, private credit as an asset class played on the side-lines but things are changing. With the new rules and regulations being created by ADGM and DIFC in UAE in the last two years, investors looking at diversifying their basket away from being overweight on equity, private credit is now on the main radar. What is the experience from the asset class in the region and can there be learnings from other emerging markets to spruce up activity?

    • Omar Al Yawer, Partner, Ruya Partners
    • Sharaf Sharaf, Fund Head, Amplify Growth
    • Moderator: Priyal Mahtta, Senior Correspondent, VCCircle
  • 3:30 PM – 4:00 PM

    Networking Break

  • 4:00 PM – 4:30 PM

    Show me the money: a playbook for exits

    Alternative investors in the Gulf have been active for several years now as the ecosystem is maturing from solely a source of capital to entrepreneurial activity absorbing money. But it all boils down to how the money is being recycled over time to keep the machine oiled for the future. What has been the experience of getting exits in the region, regarding mode of sale and returns? What are the learnings from other markets that can be leveraged to drive better and value creation and thereby more profitable exits for LPs?

    • Alvaro Abella, Managing Director, Gulf Capital
    • Ajit Kumar, Managing Partner, Evolvence India Fund
    • Moderator: Dilasha Seth, Senior Assistant Editor, VCCircle
  • 4:30 PM – 4:40 PM

    Special Address

    • Marwan Al Sarkal, Managing Partner, Chapter 3 LLC 
  • 4:40 PM – 5:10 PM

    Sectors under the spotlight

    Traditionally associated with oil, construction and trading, Gulf has come a long way in terms of sectors at play. From ecommerce, mobility and fintech under the new age tech pack, to renewables, smart farming among other sectors, offers attractive investment opportunities for deploying capital. What are the new sweet spots for investing in the region? What are the learnings from the past?

    • Ayas Al Gul, Group Finance Director, United Technology Holding (Yas Holding Division)
    • Marwan Al Sarkal, Managing Partner, Chapter 3 LLC
    • Moderator: Sreeja Biswas, Senior Correspondent, VCCircle
  • 5:10 PM – 5:40 PM

    Seeding and accelerating India's alternative asset ecosystem

    The Indian government has over the years supported the private equity and venture capital world by playing the role of catalysing Limited Partner (LP). Originally conceptualised to support SMEs in the country, these initiatives are now actively supporting various investment strategies. This is similar to the role played by sovereign funds in the GCC market. What are the learnings of these institutional LPs? What are the expectations from fund managers in terms of wider socio-economic impact and commercial grade returns?

    • S. S. Acharya, CMD of NSIC (SRI Fund)
    • Utkarsh Sinha, MD, Bexley Advisors
    • Moderator: Priyal Mahtta, Senior Correspondent, VCCircle
  • 5:40 PM – 6:15 PM

    Green Mobility - Driving the Future of Sustainable Transport

    The transport sector is one of the largest contributors to global carbon emissions. As the world strives toward a greener, more sustainable future, green mobility has become a central focus. What are the innovative solutions, policies, and technologies that we should execute for shaping the future of eco-friendly transportation systems? What are the challenges in the process and how to tackle them in the context of emerging markets as also developed world?

    • Punit Goyal, Co-founder (Chief of Fundraising and Partnerships), BluSmart Mobility
    • Moderator: Mani James, CBO, Mosaic Digital
  • 6:15 PM – Onwards

    End of Conference


LPs Attending This Year


NB Ventures

KAAF Investments

Ghassan Aboud Group

Dana Group

 


Evolvence India Fund

ADNOC Group

Yas Holding

Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi

 


Rassmal Investments LLC

Alserkal Group

Crescent group

NSIC

 


Legacy Emirates

Saif Belhasa Holding

PIF Holdings

Fung Strategic Investments

 


Chapter 3 LLC

Speakers 2024

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Neelesh Bhatnagar

Founder and Managing Director, NB Ventures
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Nandi Vardhan Mehta

CFO and Investment Committee Member, KAAF Investments
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Omar Al Yawer

Partner, Ruya Partners
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Dr. Ruchi Dana

Partner & Executive Board Member, DANA Group
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Suresh Vaidhyanathan

Chief Executive Officer I Abu Dhabi Food Hub, CEO - Special Projects, Ghassan Aboud Group, UAE
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Youssef Salem

CFO, ADNOC Drilling
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Amb. Dunston P

Chief Executive Officer, Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi
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Ajit Kumar

Managing Partner, Evolvence India Fund
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Maher Al-Kaabi

Advisor to Alserkal Group Chairman, UAE Circular Economy Council Member & UAEIIC Executive Committee Member
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Ayas Al Gul

Group finance director, United Technology Holding (Yas Holding Division)
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Alvaro Abella

Managing Director, Gulf Capital
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Tushar Singhvi

Deputy CEO & Head Of Investments, Crescent Enterprises
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Dr. Anas Bataw

Executive advisor, PIF and Partner at Zacua Ventures
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Ankit Sarwahi

Partner, MEVP
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Sonia Weymuller

Co-Founder and General Partner, VentureSouq (VSQ)
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Mahendra Swarup

Founder, Venture Gurukool & Ankurit Capital
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S. S. Acharya

CMD, NSIC (SRI Fund)
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Surajit Chanda

Co-Founder, Toyow
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Vineet Budki

CEO and Managing Partner, Cypher Capital
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Manish Khurana

Co founder & Director, Innovations Venture Studio
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Achal Ghai

Group Managing Director, Legacy Emirates Group
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Daniel dos Reis

Head of imvestments, Wamda capital
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Walid Saad

Chief Financial Officer, Saif Belhasa Holding
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Utkarsh Sinha

MD, Bexley Advisors
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Khaled Talhouni

Managing Partner, Nuwa Capital
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Rajesh Ranavat

Director, Fung investments
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Pranav Jyoti

Chief Investment Officer, Royal office of HH sheikh Ahmed Bin Faisal Al Qassimi; Co-Founder & Managing Partner, Mirai Capital Global
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Saad Siddiqui

General Partner, Titanium Ventures
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Marwan Al Sarkal

Managing Partner, Chapter 3 LLC
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Sharaf Sharaf

Fund Head, Amplify Growth
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Punit Goyal

Co-founder (Chief of Fundraising and Partnerships), BluSmart Mobility
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Saravana Kumar

Board of Director & Chief Executive Officer, NSIC Venture Capital fund

Our Sponsors & Partners

Presenting Partner
Session Partners
Mobility Partner
Destination Partner

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


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