Lighthouse Canton Closes Rs 1,050 Million Private Credit Investment

Lighthouse Canton, a prominent investment firm overseeing assets exceeding $6 billion, has successfully finalised a substantial Rs 1,050 million private credit investment in Emerald Leisures Limited. This investment was facilitated through its India-based Category II Alternative Investment Fund (AIF), known as the LC Luminere Credit Fund, along with affiliated entities.

About Emerald Leisures Limited

Emerald Leisures Limited is a publicly listed company on the BSE, focusing on leisure and hospitality. It is well-known for operating Club Emerald, a multifaceted hospitality and recreational destination located in Mumbai. The newly acquired investment aims to furnish long-term capital, thereby bolstering Emerald Leisures’ growth ambitions.

Investment Structure and Security

This financial support is structured as secured non-convertible debentures, ensuring it is backed by the company’s operating cash flows. Additionally, it is underpinned by collateral, escrowed cash flows, promoter backing, and specified liquidity events.

Lighthouse Canton’s Private Credit Strategy

This transaction enhances Lighthouse Canton’s private credit portfolio in India, where it delivers structured financing solutions to established enterprises. The firm’s private credit platform caters to various business sectors, providing bespoke capital solutions tailored to specific financing needs.

Lighthouse Canton manages assets for a diverse clientele, including ultra-high-net-worth individuals, family offices, institutional investors, and global investors. Its investment expertise spans across private credit, growth debt, venture capital, real estate private equity, public equities, and global macro hedge fund strategies.

Extensive Network and Opportunities

The firm’s private credit platform benefits from a robust origination network, granting access to more than 500 issuer relationships and over 1,000 promoter families. This extensive network ensures a continuous pipeline of exclusive investment opportunities across various sectors.