Skip to main content

Penumbra Fund---- Praneet Singh

So excited to announce the launch of Penumbra Fund LP — a long-only global public equities program designed for long-term investors seeking to own high-quality businesses to build long term wealth.


We’re building Penumbra Fund with discipline, humility, and a long-term bias. A special thanks to our early investors and well-wishers – we are delighted to partner with you on this journey of discovery and wealth creation!

This investment vehicle is the outcome of my three decades' experience and joining the dots as a marketer, strategy consultant, CEO, and private equity investor—now applied with discipline in the public markets. I spent the last six years testing the thesis with my own capital - and will continue to have substantial personal commitment to the program!

What has shaped my investing lens? As some of my colleagues always joke, I always divide it in three buckets ....

1. Businesses are messy—look for inherent resilience.
Every business I led or was involved with in the last 30+ years faced at least one minor crisis every year, and at least one major one every three years or so – almost without exception. Despite the best leadership, the actual nature of the crisis could never have been predicted. Therefore, I always lean towards investing in companies that have a simple, capital efficient business, entrenched dominance, ideally in a boring but growth industry – these are the ones that thrive despite the inevitable chaos in markets and the economy.

2. Leadership is everything – look for the doers, avoid the talkers.
Having hired and worked with hundreds of executives across the world, you tend to develop your own proprietary pattern recognition to spot truly great leadership and teams—even from a distance. Exceptional leadership shows up in consistency and outcomes, not in polished investor decks, rosy future forecasts or impressive talk. In fact in my experience, it is quite the opposite.

3. Reducing risk ensures alpha versus the market! Textbook finance says you need to take higher risk to increase returns. Counterintuitive, but I always found the opposite worked for me while as a CEO, and in private and public investing. And there was always a lesson learnt whenever we departed from this rule!
Whether in private equity or public markets, the mantra is simple: Don’t lose money. Look only for resilient businesses run by honest and capable teams, and invest only when they’re mis-priced (just have the courage to say 'no' to everything else)—and then have the patience to play the long game to never sell unless business or industry fundamentals change against you.

The global equity universe today offers a broad canvas and multiple pockets of opportunity – especially in the era of ‘de-globalisation’. For Indian investors especially, it provides a smart way to diversify wealth in dollars across countries, cycles, and sectors.

hashtagPenumbraFund hashtagGlobalInvesting hashtagPublicMarkets hashtagLongTermCapital hashtagRiskManagement hashtagLeadershipMatters

Comments

Popular posts from this blog

Top 10 Analytics Courses in India

http://analyticsindiamag.com/top-6-analytics-courses-in-india/ The demand for trained analytics professionals has witnessed a massive growth in recent years. The dearth of skilled manpower can be overcome with serious intervention at the education level and imparting training on specific Analytical and statistical tools. This goes to say that training in Analytics is of foremost importance to match the ever growing demand and dearth in supply. Yet, there is a severe dearth of good training programs in the field. In this article, Analytics India Magazine investigates nine courses on Analytics being offered by premier institutes of India. Certificate Programme in Business Analytics – ISB, Hyderabad ISB is offering a one year Certification in Business Analytics with an aim to create Next generation Data Management Scientists. The programme is designed on a schedule that minimizes disruption of work and personal pursuits. The program is a combination of classroom and Technology...

Online Education in India: Trends & Future Prospects

https://www.shiksha.com/mba/articles/online-education-in-india-trends-future-prospects-blogId-14763 With the development of technology, India has witnessed an enhanced acceptance of online education over a period of few years. Many students and working professionals have joined different e-learning platforms in the past few years in order to enhance their skills. And, looking at trends, the number of people adopting online education platforms is expected to increase significantly in the near future. As per a recent report released by KPMG India and Google, Online Education in India: 2021, the market for online education in India is expected to witness a magnificent growth of eight times in the next five years, i.e., from USD 247 million in 2016 to USD 1.96 billion in 2021. Such high growth in online education market is projected to be the outcome of increased number of paid online education users from 1.57 million in 2016 to 9.5 million in 2021. So, as the market for e-learni...

Significance of Holi

Holi on a full moon (Purnima) signifies the transition from winter to spring . Usually harvesting begins at this time of the year and is a season of joy and happiness .  Legend says that the Rogue Hiranyakashyap who considered himself to be above all Gods wanted to destroy his son Prahlada who was a devout follower of Lord Vishnu . He advised his sister Holika who had a blessing from the Gods of indestructibility within the strongest of fires , to sit with his son Prahlada in the fire ,placed on her lap . Such is the marvel of the Gods that Holika apparently was reduced to ashes by the fire while Prahlada was saved . Lord Vishnu later did the needful and destroyed Hiranyakashyapa. The destruction of Holika marked the significance of Holi and hence the term Holi .  Lord Vishnu had an avatar in the form of Lord Krishna. On this day Krishna who was dark in colour had a consort Radha who was fair and Krishna's mother feared that he might be rejected because of his complexion. Henc...