Lighthouse Canton has launched its latest fund, the LC GenInnov Global Innovation Fund which seeks to invest in generative artificial intelligence (Gen-AI) space.
The firm said in a statement that the LC GenInnov Global Innovation Fund is designed as an absolute return Fund. It adopts an evidence-based strategy for investing in scalable and profitable companies, focusing on risk reduction through diversification across different geographies and sectors.
The Fund’s investment team and advisory board is headed Nilesh Jasani and Jasani. They joined Lighthouse Canton as an advisory board member late last year. Jasani has three decades of markets experience and is a subject matter expert on generative artificial intelligence (GenAI). He is the founder of GenAI-focused investment firm GenInnov Funds and previously led the Asian business of Jefferies before stepping down as vice chairman of the American investment bank. Before that, he also worked at Credit Suisse, HSBC and CLSA.
“The breakneck speed of AI innovation requires us to stay ahead of the curve and the LC GenInnov Global Innovation Fund reflects that commitment. Nilesh’s leadership in Generative AI allows us to identify innovation led investment opportunities across sectors, capitalizing on disruptive advancements and leveraging AI’s transformative potential. We’re extremely excited to be launching LC GenInnov Innovation Global Innovation fund to drive growth through innovation while delivering strong risk-adjusted returns, positive impact and stakeholder value in the GenAI era”, stated Lighthouse Canton Group Chief Executive Officer, Shilpi Chowdhary.
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