Key Takeaways
- • One Planet Partners (OPP) plans to raise a Rs 3,000 crore private equity fund targeting energy transition, mobility and manufacturing-led industrial expansion, according to a PTI report citing an official statement.
- • Japan's Sumitomo Mitsui Trust Bank (SMTB) has taken a stake in OPP and will anchor a dedicated PE fund managed by the firm.
- • OPP is targeting a first close of the Rs 3,000 crore fund in mid-2027, with scale-up tickets of Rs 100-500 crore.
- • The fund will focus on mid-market companies with revenues of Rs 200-2,000 crore and attractive unit economics.
- • OPP is led by founder and managing partner Bobby Pauly, who has Tata Group background, alongside founding partners Mrinalini Mirchandani and Sheetal Thakkar.
Summary
Asset management firm One Planet Partners (OPP) announced on Thursday that it will raise a Rs 3,000 crore private equity fund to invest in energy transition, mobility and manufacturing-led industrial expansion, according to a PTI report citing an official statement. The platform, founded by former Tata Group executive Mukund Rajan and others, simultaneously announced a partnership with Japan's Sumitomo Mitsui Trust Bank (SMTB). Under the arrangement, SMTB has acquired a stake in OPP and will anchor a dedicated private equity fund managed by the firm.
OPP is aiming for a first close of the Rs 3,000 crore fund in mid-2027. The fund will focus on high-growth mid-market businesses, providing scale-up capital of Rs 100-500 crore to enterprises with attractive unit economics and revenues of Rs 200-2,000 crore. OPP aims to combine growth capital with active ownership and operational expertise to help businesses scale and strengthen their competitive positioning.
Kazuya Yoneda, general manager in the equity investment department of SMTB, said India is a compelling long-term investment destination and that the OPP team's track record led the bank to make the investment. "We look forward to building a long-term partnership across asset classes," Yoneda said. OPP Founder and Managing Partner Bobby Pauly said the partnership would combine SMTB's global scale, investment expertise and patient capital with OPP's market access, thematic insights and business-building experience. Pauly was previously associated with the Tata Group. Other founding partners include Mrinalini Mirchandani, a former senior partner at McKinsey who led the consultancy's India private equity practice, and Sheetal Thakkar, previously associated with Blackstone.
DealStreetAsia separately reported the launch of OPP's maiden private equity fund backed by SMTB, describing OPP as an India-focused private equity firm.
OPP is aiming for a first close of the Rs 3,000 crore fund in mid-2027. The fund will focus on high-growth mid-market businesses, providing scale-up capital of Rs 100-500 crore to enterprises with attractive unit economics and revenues of Rs 200-2,000 crore. OPP aims to combine growth capital with active ownership and operational expertise to help businesses scale and strengthen their competitive positioning.
Kazuya Yoneda, general manager in the equity investment department of SMTB, said India is a compelling long-term investment destination and that the OPP team's track record led the bank to make the investment. "We look forward to building a long-term partnership across asset classes," Yoneda said. OPP Founder and Managing Partner Bobby Pauly said the partnership would combine SMTB's global scale, investment expertise and patient capital with OPP's market access, thematic insights and business-building experience. Pauly was previously associated with the Tata Group. Other founding partners include Mrinalini Mirchandani, a former senior partner at McKinsey who led the consultancy's India private equity practice, and Sheetal Thakkar, previously associated with Blackstone.
DealStreetAsia separately reported the launch of OPP's maiden private equity fund backed by SMTB, describing OPP as an India-focused private equity firm.
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