Updated:
Noksha Capital
Fahim Rahman's Noksha Capital is a Dhaka-based private equity firm investing in consumer, healthcare, and industrial buyouts and growth-stage companies.
Noksha Capital
Noksha Capital was established in Dhaka, Bangladesh, by Fahim Rahman, Bernd Hake, Gene Kim, and Sabah Shelton — a multi-partner team with geographic and operational breadth. The firm's investment committee, supported by an advisory board with expertise spanning luxury goods, life sciences, and impact strategy, signals a deliberate network-driven approach to deal origination in a market historically thin on institutional capital. Strategy centers on buyout, expansion, and late-stage growth investments across three core sectors: consumer goods, healthcare and life sciences, and industrials. The firm also targets pre-IPO opportunities, with a mandate that encompasses venture-style growth alongside control-oriented buyouts. Geographic focus remains anchored in Bangladesh, though advisory ties to retail and luxury specialists in other markets suggest regional deal flow awareness. No specific portfolio company names are publicly disclosed. Team size is not published, but the five named partners cover investment, healthcare, and legal functions, underscoring a lean structure common to early-stage emerging-market managers. Advisory board members include Guy Phillips for consumer goods and Harvey Koh for impact and sustainability strategy, pointing to thematic conviction in sustainable business models. No adjacent vehicles, philanthropic foundations, or club affiliations are referenced in available materials. Noksha's structural differentiation lies in its explicit focus on founder legacy transitions — the firm markets itself as a patient buyer for entrepreneurs seeking to transfer ownership without compromising company culture. This buy-and-hold, partnership-driven model contrasts with the shorter-hold, exit-oriented funds that dominate regional private equity. The firm's Dhaka headquarters and apparent absence of secondary offices underscore a single-market, deep-localization thesis.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Bangladesh
City
Dhaka
Corporate office
Dhaka, Bangladesh
Principals
Fahim Rahman
Managing Partner | Head of Investments
Bernd Hake
Chair | Partner
Gene Kim
Partner | Head of Healthcare & Life Sciences
Sabah Shelton
Partner | Head of Legal & Compliance
Camilo Cuellar
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Noksha Capital?
Fahim Rahman serves as Managing Partner and Head of Investments, alongside co-founders Bernd Hake (Chair), Gene Kim (Head of Healthcare & Life Sciences), and Sabah Shelton (Head of Legal & Compliance), all of whom sit on the investment committee (per firm website). Principal Camilo Cuellar rounds out the core deal team.
What investment stages does Noksha Capital target?
The firm pursues buyout, expansion, late-stage growth, and pre-IPO transactions, as well as general venture opportunities. This blended mandate allows Noksha to engage with companies at multiple maturity points within its target sectors.
Which sectors does Noksha Capital cover?
Noksha focuses on consumer goods, healthcare and life sciences, and industrials. Its advisory board also points to specialized sub-focuses in luxury goods and retail, and impact and sustainability strategy, suggesting these influence deal evaluation.
How does Noksha Capital source deals?
Sourcing leans heavily on partnership networks and advisory relationships. The firm markets itself to business owners seeking patient capital for growth or legacy transitions, and its advisory board includes senior figures in consumer goods, luxury retail, and impact strategy who likely originate or validate opportunities.
Does Noksha Capital participate in fund commitments or only direct deals?
Available materials describe only direct private equity investments, including buyout and growth equity. There is no public indication the firm makes fund commitments or operates as a fund-of-funds.
Is Noksha Capital a single-family office?
No. Noksha Capital is structured as a private equity asset manager and does not identify as a family office. There is no disclosed single-family wealth origin backing the firm.
What is Noksha Capital's geographic focus?
Noksha is headquartered in Dhaka and its disclosed investment activity centers on Bangladesh. While some advisory board members bring regional retail and luxury goods expertise, the firm has not publicized operations or offices outside Bangladesh.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: