Singapore investment firm Lighthouse Canton has secured $40 million in funding led by Peak XV Partners, according to a company statement on Wednesday.
The $5-billion asset management and advisory firm’s fresh funding round was joined by Nextinfinity, the investment vehicle of Shyam Maheshwari, founding partner of SSG Capital (now under Ares); and its existing backer Qatar Insurance Company.
The milestone marks Lighthouse Canton’s first external fundraise after a decade of independent growth, during which it scaled to $5 billion in assets under management across Singapore, India, the UAE, and the UK.
The proceeds will be used to expand technology infrastructure, attract senior talent, and grow its product suite and regional footprint, the firm said.
“We’ve built the firm independently with an institutional mindset for over 10 years,” said Shilpi Chowdhary, Group CEO of Lighthouse Canton. “Partnering with Peak XV and others positions us to deepen our capabilities and accelerate our next decade of growth.”
Lighthouse Canton operates across wealth and asset management, catering to entrepreneurs, family offices, and institutions through public and private market strategies. The firm employs over 200 experienced professionals across our offices in Singapore, Dubai, India, and London.
The firm manages multiple private market funds across strategies in venture debt; venture capital; private credit; and life science real estate, a strategy which is in partnership with La Caisse, formerly CDPQ.
Lighthouse Canton plans to launch a new India-focused private credit fund targeting 10-15 billion rupees ($114-171 million) by January 2026, the firm told Reuters. It expects to deploy more than $1.5 billion in India over the next few years, focusing on private credit and real estate opportunities.
