Northern Lights Capital Group took a minority interest in Nereus Capital, an India-based private equity startup, said Andy Turner, Northern Lights chairman.
Mr. Turner declined to reveal the size of his firm’s stake or other terms.
Nereus Capital targets alternative energy companies in India, he said. It was founded by Managing Director Jonathan Winer, former director at D.E. Shaw’s India private equity practice.
“Northern Lights has an excellent understanding of the private equity business, and brings both investment capital and distribution support to our business,” Mr. Winer said in a news release.