The core team involves Mathias Imbach, who has been associated with RNT Associates, Mayank Singhal, who previously worked as an associate director at Singapore investment firm Temasek and, from the University of California side, Tim Recker, a source told Deal Street Asia.

 

The US-based University of California is setting up a $100m to $150m venture capital fund in partnership with Ratan Tata, chairman emeritus of India-based conglomerate Tata Sons Ltd.
In February, RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California, announced a partnership to jointly fund startups and early-stage enterprises in India over the next 10 years and have registered a fund with the markets regulator Securities and Exchange Board of India in June as a category II alternative investment fund, under the name UC-RNT Fund, according to news provider Deal Street Asia. 
The fund will also look to raise third-party capital.
The core team involves Mathias Imbach, who has been associated with RNT Associates, Mayank Singhal, who previously worked as an associate director at Singapore investment firm Temasek and, from the University of California side, Tim Recker, a source told Deal Street Asia.