Seasoned engineer, entrepreneur, and venture capitalist join to bolster the platform’s innovation strategy.
GenInnov, an innovation-focused global asset management platform, announced the appointment of Sanjay Palsamudram as Strategy Advisor. With his extensive background in technology and venture capital, Sanjay will provide strategic guidance to enhance GenInnov’s innovation-focused initiatives. He will collaborate with Nilesh Jasani, CEO of GenInnov and Chief Portfolio Manager of LC GenInnov Global Innovation Fund, a long-only, innovation-focused, thematically diversified fund. The LC GenInnov Global Innovation Fund was launched by global investment institution Lighthouse Canton earlier this year and invests in companies poised for growth in the GenAI era. The fund aims to capitalise on the rapid innovation and its market opportunities, expecting significant wealth creation in sectors like biotech, healthcare, robotics, mobility, wearables, and clean tech.
Sanjay brings over 25 years of experience in the technology sector, having made significant contributions as an engineer, serial entrepreneur, venture capitalist, and mentor. He is currently an Investment Committee member of Canbank Ventures and serves on the boards of several technology companies. His expertise will be crucial in strengthening the platform’s investments in technology, with a particular focus on semiconductors.
Sanjay is also a resident mentor at the NSRCEL, Indian Institute of Management Bangalore, where he supports startups in technology and healthcare, guiding their growth and development. Additionally, he is involved with the Indian Institute of Science, advancing key research initiatives, and is a recognized thought leader, having presented policy recommendations to the Honourable Prime Minister of India during the Startup India Innovation Week.
“We are thrilled to welcome Sanjay to our team,” said Nilesh Jasani. “His nuanced understanding of the semiconductor sector and his track record of nurturing innovation align perfectly with our goal to deliver exceptional value.”
“Joining GenInnov at this pivotal moment in the evolution of technology-driven finance is truly exciting,” Sanjay remarked. “I’m eager to contribute my expertise to support the team in refining our strategies and identifying emerging investment opportunities.”
Sanjay’s appointment is expected to further strengthen GenInnov’s position in innovation-driven asset management. His involvement will support the continued growth of the LC GenInnov Global Innovation Fund by capitalizing on transformative market trends.
The LC GenInnov Global Innovation Fund is led by Nilesh Jasani, an industry veteran with over three decades of market experience and a subject matter expert on GenAI. Based in Singapore, Nilesh is a highly experienced and respected professional in the Asia equities industry. He previously led Jefferies Asia Equities, where he was hired in 2010 to build and lead the Asia Equity Research team. Before joining Jefferies, Nilesh was instrumental in establishing and leading Credit Suisse’s India research team, which earned top rankings across various industry polls in 2009 and 2010. Nilesh himself received widespread recognition for his expertise in macroeconomic domains. With his extensive experience in Asia’s financial markets and strong business connections in Korea, Taiwan, and IBM, Nilesh has a unique vantage point on disruptive innovations emerging from Asia and a proven track record in identifying top global investment opportunities in innovation.
