PA

Pranay Adhvaryu

Head Of Investments at Gray Matters Capital

Dubai

Overview 

Pranay Adhvaryu is the Head of Investments at Gray Matters Capital in Dubai, with a strong background in private equity, corporate finance, and investment banking. With experience at reputable firms like Morgan Stanley and India Equity Partners, he has successfully invested in companies like Kreedo Early Childhood Solutions at various stages, specializing in sectors such as retail, education, and fintech.

Work Experience 

  • Co-Founder & CEO

    2024 - Current

    Blue Earth is an investment and management consulting firm formed by the collective expertise of seasoned investment and consulting professionals, with over 35 years of investment management experience. Our mission is to provide customised Investment Management solutions to Foundations, endowments, family offices and mid-tier institutional investors for their existing portfolio and tail end investments (directs and/ or fund of fund investments). Across our clients we manage (AUA of ~$150+ Mn) investments across Asian & African global south (India, South-East Asia, Emerging Africa and MENA). We have a deep focus on making our clients and their investees adhere to the seven SDG Goals mainly - (3) Health & Well being, (4) Quality Education, (5) Gender Equality, (7) Affordable & Clean Energy, (8) Decent Work & Economic Growth, (12) Responsible consumption and production and (13) Climate Actions

  • Senior Equity Investments & Portfolio Board Advisor

    2024

  • Head Of Investments

    2022 - 2024

    Gray Matters Capital is an impact focused fund with $70 million of AUM. Our main theme of impact is to create a positive influence on low/ middle income groups and their livelihood. With Asia as our regional focus, we have investments across two strategies - direct investments in startups from $0.3 to $3mm capital and as fund of fund investors backing fund managers that are aligned with our impact goals

edLABS is Gray Matters Capital’s early stage education.

  • Board Member

    2022

  • Director - Alternative Investments & Strategy

    2018 - 2019

  • Principal

    2008 - 2018

    IEP is an India-focused, long-term, growth-oriented Private Equity Fund with office in Mumbai. IEP has $400 million of AUM across a portfolio of companies within two themes - consumer services / products (education, healthcare, financial services, QSR, etc) and infrastructure services (logistics)

  • Analyst

    2006 - 2008

    Analyst with Investment Banking team in Media, Telecommunications and Education sector team. Selected for a four months stint in Singapore office

Morgan Stanley Venture Partners is a private equity firm that invests in high-growth companies in the technology and healthcare industries.

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