Key Takeaways
- • Sanjay Jain appointed as Managing Partner of Capri Group's Investment Manager, acquiring 35% ownership in the entities sponsoring Capri Stressed Assets Fund (CSAF) and Capri Special Situations Fund 1 (CSSF1), subject to SEBI and investor approvals.
- • Jain brings over 30 years of experience in stressed assets, capital markets, investment banking, and project finance, most recently serving as CEO of Aditya Birla ARC Ltd. (2018–2025), where he managed ₹6,000 crore in stressed asset investments.
- • At Aditya Birla ARC, Jain delivered IRRs exceeding 40% on resolutions with cumulative investment income exceeding ₹10,500 crore, demonstrating strong operational performance in distressed asset management.
- • Jain's meaningful capital contribution and profit participation structure signals alignment with investor interests and reinforces Capri Group's focus on disciplined, outcome-driven investing in alternative assets.
- • Pending regulatory approval, Jain is currently serving as Managing Director & Chief Investment Officer of Capri Xponentia Managers LLP, the Investment Manager entity being reorganized.
Summary
Capri Group has announced the appointment of Sanjay Jain as Managing Partner to lead the investment strategy and management of two alternative investment funds: Capri Stressed Assets Fund (CSAF) and Capri Special Situations Fund 1 (CSSF1). The appointment is contingent on regulatory approvals from the Securities and Exchange Board of India (SEBI) and investor consent for the reorganization of Capri Xponentia Managers LLP, the Investment Manager and Sponsor entity. Upon approval, Jain will acquire a 35% ownership stake in both the Investment Manager and Sponsor entities.
Jain's appointment represents a significant hire for the stressed-asset alternative investment platform, given his extensive track record in distressed asset management. Over three decades, he has accumulated deep expertise across stressed assets, capital markets, investment banking, and corporate and project lease finance. Most notably, during his tenure as CEO of Aditya Birla ARC Ltd. from 2018 to 2025, Jain oversaw stressed asset investments totaling ₹6,000 crore, achieving internal rates of return exceeding 40% on resolutions while generating cumulative investment income surpassing ₹10,500 crore.
Rajesh Sharma, Founder of Capri Global, emphasized that Jain's appointment reflects both operational confidence and strategic alignment. Sharma stated that Jain's "meaningful capital contribution and profit participation" underscore strong alignment with investor interests while reinforcing the group's commitment to disciplined, outcome-driven investing. This structure—where the Managing Partner holds material equity participation—is designed to align management incentives directly with fund performance and investor returns. Until regulatory approvals are finalized, Jain is serving in the interim capacity of Managing Director & Chief Investment Officer of Capri Xponentia Managers LLP.
Jain's appointment represents a significant hire for the stressed-asset alternative investment platform, given his extensive track record in distressed asset management. Over three decades, he has accumulated deep expertise across stressed assets, capital markets, investment banking, and corporate and project lease finance. Most notably, during his tenure as CEO of Aditya Birla ARC Ltd. from 2018 to 2025, Jain oversaw stressed asset investments totaling ₹6,000 crore, achieving internal rates of return exceeding 40% on resolutions while generating cumulative investment income surpassing ₹10,500 crore.
Rajesh Sharma, Founder of Capri Global, emphasized that Jain's appointment reflects both operational confidence and strategic alignment. Sharma stated that Jain's "meaningful capital contribution and profit participation" underscore strong alignment with investor interests while reinforcing the group's commitment to disciplined, outcome-driven investing. This structure—where the Managing Partner holds material equity participation—is designed to align management incentives directly with fund performance and investor returns. Until regulatory approvals are finalized, Jain is serving in the interim capacity of Managing Director & Chief Investment Officer of Capri Xponentia Managers LLP.
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