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New Vernon Capital functions as an asset management firm that establishes and manages multi-asset hedge funds, with a notable focus on investment opportunities within India. The firm employs a specialized approach to capital allocation, meticulously targeting specific segments of the Indian market to generate returns through various investment strategies.
Arshad Zakaria and Tom Patrick co-founded the firm in 2004. Their strategic insight involved creating one of the earliest large multi-asset hedge funds explicitly dedicated to the Indian subcontinent, recognizing its burgeoning economic potential. Nate and Steve Shapiro, representing the Shapiro family, later joined as partners, contributing to the firm's leadership and expertise in its specialized area.
The firm's clientele primarily consists of institutional investors and high-net-worth individuals seeking exposure to the unique dynamics of the Indian economy. New Vernon Capital’s core vision revolves around expertly navigating the complexities and opportunities within the Indian investment landscape, consistently aiming to be a premier vehicle for capital deployment in the region and delivering value to its investors.
New Vernon Capital has 1 tracked investment across 1 company. The latest tracked deal is $89.2M Other Equity in Amagi Media Labs in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 13, 2026 | Amagi Media Labs | $89.2M Other Equity | — | 360 ONE Asset, Amundi, Bandhan Small CAP Fund, Baroda BNP Paribas Mutual Fund, Bharti AXA Mutual Fund, Creaegis, Edelweiss Tokio Life Insurance, Fidelity Management & Research Company, Franklin Templeton, Goldman Sachs, Hdfc Asset Management, HDFC Standard Life Insurance, Icici Prudential Mutual Fund, Isometry Capital, Motilal Oswal Mutual Fund, Pgim India Mutual Fund, SBI Mutual Fund, Société Générale, Susquehanna International Group, Tata Mutual Fund, Shekhar Kirani, Nishant RAO, Nadathur Holdings, Dave Zilberman, Atul Gupta |
