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This week’s family investment deals

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A mysterious family investment group called Dilmun has invested in a London-based wealth management group called LJ Partnership. Dilmun, according to a Bloomberg report, is believed to be linked to a member of the Qatari royal family, although attempts by Family Capital to verify this were unsuccessful. Dilmun has taken a 40% stake in the wealth manager, which manages around $15 billion in assets.

Another mysterious family investment office, this time based in Singapore and called Kamet Capital Partners, has invested in a healthcare startup called Doctor Anywhere. Kamet funded the Singapore group with S$5.6 million. That follows an investment by Kamet into a Singapore telecoms group just a few weeks before. Kamet co-invested with an institutional investor in a funding round worth $60 million. Efforts to find out the family/entrepreneur behind Kamet by Family Capital have so far drawn a blank. The only snippet of information available is Kamet is owned by an investor from “north-east Asia”.

Kharis Capital – a Brussels-based private equity group with close links to the Edmond Safra Philanthropic Foundation, which helps to look after investments of the late Edmond Safra, the billionaire banker who died in 1999, and his widow, Lily Safra – has bought a minority stake in food group, Rigoni di Asiago. The Italian family business produces and sells organic sweet spreads (jams, hazelnut spreads and honey) under the brands FiordiFrutta, Nocciolata and Mielbio.

Vulcan Capital, part of Paul Allen’s family office, was busy with deals in the last week of June, investing in Taunt, a Seattle-based online sports fan platform. Vulcan has also invested in a virtual reality platform called High Fidelity. Also backing the startup in a Series D funding round worth $35 million was Breyer Capital, the investment office of Jim Breyer. Three other investors participated in the round as well.

Tamarind Family Private Trust, an investment office owned by the Indian Mansukhani family, has invested in a startup called Wow Express. The Indian tech group received $4.5 million in an early round investment from Tamarind.

Square Peg Capital, a venture capital firm with strong links to one of Australia’s wealthiest families, the Libermans, has invested in Airwallex, a financial technology company. Square Peg was one of six investors in the Australian startup in a Series B funding round worth $80 million.

Kulczyk Investments, a family investment group controlled by Sebastian Kulczyk, Poland’s wealthiest individual, has backed a US startup called Booksy. The beauty marketplace and appointments group received $13.2 million in funding from Kulczyk and seven other investors in a Series B funding round.

 

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