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Asset/Investment Management
whiteoakindia.com

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Investments

5

Portfolio Exits

1

Funds

1

About White Oak Capital Management

White Oak is a Mumbai-based boutique investment management and investment advisory firm founded by Prashant Khemka, former CIO and Lead Portfolio Manager of India Equity and Global Emerging Markets Equity at Goldman Sachs Asset Management.

White Oak Capital Management Headquarter Location

Cnergy, 2/B, 6th Floor, Appasaheb Marathe Marg, Prabhadevi

Mumbai, 400025,

India

+91-22- 62308188

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Latest White Oak Capital Management News

White Oak Capital completes acquisition of Yes Mutual Fund

Nov 2, 2021

By SHARE White Oak Capital Management, a boutique investment management and advisory firm set up by former Goldman Sachs executive Prashant Khemka, has completed the acquisition of the mutual fund business of private-sector lender Yes Bank. White Oak Capital group on Tuesday said it has integrated Yes Management into its fold by getting clearance from SEBI for registration of its subsidiary GPL Finance and Investments Limited as a sponsor and change in control of Yes Asset Management (India) Ltd and Yes Trustee Ltd, both wholly owned subsidiaries of Yes Bank, from the bank to GPL Finance in September 2021. GPL Finance is a subsidiary entity of the White Oak Capital Group, a global investment management, and investment advisory firm. GPL Finance will now initiate the transfer of the mutual funds business from Yes Bank to become the sponsor of Yes Mutual Fund. White Oak Capital was founded in 2017 by Khemka, formerly CIO of Goldman Sachs Asset Management’s India Equity and Global Emerging Markets Equity businesses. It facilitates investment management and advisory services for Indian equity, intending to deliver results for all stakeholders over the long term. Commenting on the development, Prashant Khemka, Founder, White Oak Capital Group said, “We welcome the Yes Asset Management team and their investors as well as channel partners into the White Oak family. Together with them, we are excited to further build upon the foundation laid by all of us till date. “At White Oak, we have instituted a performance-first culture, earning the confidence of investors globally who have entrusted us with assets of over Rs 42,000 crore in the past four years. We are excited about offering our investment expertise to retail investors across the country and we aim to launch a range of funds post necessary regulatory approvals and subsequent launch through the first half of CY2022,” he added. Prashant Kumar, Managing Director & CEO, Yes Bank, said, “The move, aligned with the Bank’s sustained efforts to enhance value creation for all our stakeholders, will lead to significant gains for both companies and, more importantly, our customers.” Yes Securities acted as an exclusive advisor to the transaction. Samvad Partners acted as legal advisors to Yes Bank, while Khaitan & Co, IC Universal Legal, and Regstreet Law Advisors were legal advisors to White Oak Capital on the transaction.

White Oak Capital Management Investments

5 Investments

White Oak Capital Management has made 5 investments. Their latest investment was in Data Patterns as part of their Unattributed on December 12, 2021.

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White Oak Capital Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/2/2021

Unattributed

Data Patterns

$7.92M

Yes

2

11/29/2021

Unattributed

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10

7/28/2021

Series F - II

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$99M

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10

6/15/2021

PIPE

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10

7/23/2018

Unattributed

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$99M

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10

Date

12/2/2021

11/29/2021

7/28/2021

6/15/2021

7/23/2018

Round

Unattributed

Unattributed

Series F - II

PIPE

Unattributed

Company

Data Patterns

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Amount

$7.92M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

White Oak Capital Management Portfolio Exits

1 Portfolio Exit

White Oak Capital Management has 1 portfolio exit. Their latest portfolio exit was Data Patterns on December 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/16/2021

IPO

5

Date

12/16/2021

Exit

IPO

Companies

Valuation

Acquirer

Sources

5

White Oak Capital Management Acquisitions

1 Acquisition

White Oak Capital Management acquired 1 company. Their latest acquisition was YES ASSET Management on November 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/2/2021

$99M

Acquired Unit - Fin

1

Date

11/2/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired Unit - Fin

Sources

1

White Oak Capital Management Fund History

1 Fund History

White Oak Capital Management has 1 fund, including White Oak Capital Management I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/20/2018

White Oak Capital Management I

1

Closing Date

4/20/2018

Fund

White Oak Capital Management I

Fund Type

Status

Amount

Sources

1

White Oak Capital Management Team

1 Team Member

White Oak Capital Management has 1 team member, including current Founder, Nick McCormick.

Name

Work History

Title

Status

Nick McCormick

Founder

Current

Name

Nick McCormick

Work History

Title

Founder

Status

Current

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