Luxury Venture Group and Synergy Asset Management launch venture fund

21.09.2021

Luxury Venture Group teams up with Synergy Asset Management, managing more than CHF2 billion for institutional and private clients, to form a joint venture. The objective of the new entity named LVG Capital will be to raise a 100 Million USD Fund dedicated to promoting and developing start-ups in the field of luxury, supported by a well-developed and structured Swiss Luxury Ecosystem created by Luxury Venture Group.

The collaboration of the Luxury Venture Group and Synergy aims to jointly develop a global ecosystem and investment vehicle for start-ups in the fields of luxury. Initiated in 2019, the Luxury Venture Group (LVG) is a Swiss-based venture capital company focused on venture capital investment in startups from the luxury industry. Apart from the new fund the joint venture will support the creation and development of the Luxury Innovation Lab. This ecosystem will comprise a successful LAB for young entrepreneurs, with the participation of well-established companies and personalities in the domain of luxury.

Synergy, a multi-family office, is a Swiss-based asset management company with offices in Geneva, London, Lugano, Dubai, Bahamas, Hong Kong, Mauritius and New Delhi. It has vast experience in wealth management and its group companies have been providing clients with access to the world’s best financial structures, investment managers and corporates for over 19 years. As of 2021, Synergy Asset Management manages $2.6 billion for institutional and private clients.

“We are pleased to partner with Luxury Venture Group. Our combined strengths, alongside visionary entrepreneurs, will help grow successful and transformative businesses in the Luxury industry. We believe the timing is right as world growth accelerates and the luxury industry is ripe for exponential growth over the coming years.” says Jay Oberai, Founder and President of Synergy Asset Management.

“SYNERGY is the perfect partner for our Group. Our cooperation provides a complete global ecosystem for scouting, supporting and investing in the most promising start-ups from the luxury industry. LVG will not only benefit from the 19 years of experience of SYNERGY in the area of wealth management but also have access to their powerful network of investors, entrepreneurs, and expertise in Technology & Start-up Ecosystems” explains Deependra Pandey, Founder and President of the Luxury Venture Group.

(Press release / SK)

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