Serendib Capital Management

Serendib targets mid-market energy-transition assets in South and Southeast Asia, including operating solar platforms, battery-storage developers, and electric-mobility infrastructure. The firm deploys both equity and structured credit, focusing on deals that development-finance institutions have partially derisked. Its geographic concentration covers Sri Lanka, India, Bangladesh, Vietnam, and Indonesia.

Founder and CEO Ravi Wignarajah leads investment decisions alongside co-founder Tihan Jayasuriya. The firm operates a lean decision-making structure with origination capacity in London and Colombo. Specific investment-committee composition beyond the founders has not been publicly detailed.

Serendib's origination model relies on relationships with European development-finance institutions, Asian infrastructure operators, and local project developers rather than competitive auction processes. This placement-led approach gives the firm visibility into transactions that larger infrastructure GPs overlook. The firm's Colombo presence provides on-the-ground screening capacity for South Asian opportunities.

Serendib typically takes minority equity stakes in operating platforms and developers, often alongside DFI debt or concessional capital. The firm structures its positions to align with development-finance backstops while retaining governance rights sufficient to influence capital-allocation decisions. Control positions are not central to its disclosed strategy.

Serendib positions itself as a co-investment partner to development-finance institutions, taking equity positions in transactions where DFIs provide debt or concessional capital. This symbiotic structure allows the firm to access a pipeline of DFI-adjacent deals without competing directly against multilateral lenders. The model targets an origination gap between DFI-scale projects and purely commercial infrastructure opportunities.