As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
Industry Ventures Secondary XI is the first fund launched since Goldman Sachs acquired the San Francisco-based manager last year.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
The Seoul-based financial services firm provides brokerage, trading, investment banking, asset management, and advisory services.
Shinhan Innovation BDC No. 1 will invest at least 60% of its assets in "innovative companies" and LP-led secondary transactions.
RGCM Fund 1, which targets venture-backed company directs, attracted investments from several institutional LPs including Japan Investment Corporation.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
