# Caspian: portfolio, investments and team

> Caspian is a vc firm based in India. 1 investment on record, latest Jan 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/caspian (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# Caspian

Filed with the SEC to raise a fund in Feb 2026, closing $495M. Last cheque observed Jan 2019.

Email

VC firm Quiet New fund $495M, Feb 2026

Debt Financial Inclusion Impact

Follow Caspian and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcaspian)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 1 on record

Since the last cheque **2852** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **0 of 1**

Pitch Caspian

## Caspian highlights

- 01 1 rounds on record
- 02 Mostly Debt: 100% of its rounds

## What they do

> We invest in the equity of enterprises with innovative business models that address a social or environmental problem. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Financial Inclusion Impact
- **Based in:** Hyderabad, India
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **1 appearances**

- **2019** 1 round
- **Jan** **[WayCool](https://millionrounds.com/company/waycool)** Debt · IN · Indianweb2 **$17M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AS **Adam S. Cohen** Managing Member of Caspian GP Holdings LLC, the sole member of Caspian Credit Advisors, LLC, the General Partner i Filing they signed

AK **Adele Kittredge Murray** General Counsel & Chief Compliance Officer of Caspian GP Holdings LLC, the sole member of Caspian Credit Advisors, LLC, the General Partner i Filing they signed

AA **Allan A. Brown** Director i Filing they signed

AS **Andrew S. Hersant** Director i Filing they signed

CR **Charles R. Howe II** Executive Officer of Mariner Investment Group, LLC, the Managing Member of Caspian Credit Advisors, LLC, the Issuer's General Partner. i Filing they signed

DS **David S. Corleto** Managing Member of Caspian GP Holdings LLC, the sole member of Caspian Credit Advisors, LLC, the General Partner i Filing they signed

DR **Dominick R. Cromartie** Executive Officer i Filing they signed

MA **Mark A. Weissman** Managing Member of Caspian Credit Advisors, LLC, the Issuer's Managing Member. i Filing they signed

MA **Monette A. Windsor** Director i Filing they signed

MM **Monina Monette Windsor** Director i Filing they signed

PS **Patrick S. Harrigan** Director i Filing they signed

PO **Peter O'Rourke** Mr. O'Rourke is an Executive Officer of Mariner Investment Group, LLC, the Managing Member of Mariner Advisors, LLC, the Issuer's Managing Member. i Filing they signed

SS **Sean S. Flynn** Director i Filing they signed

We also hold **36** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**6** of 20 we have independently watched raise

[Amwoodo](https://millionrounds.com/company/amwoodo)[Arohan](https://millionrounds.com/company/arohan)[BlackSoil Capital](https://millionrounds.com/company/blacksoil-capital)[Ecozen](https://millionrounds.com/company/ecozen)[GPS Renewables](https://millionrounds.com/company/gps-renewables)[Janalakshmi](https://millionrounds.com/company/janalakshmi) Aptus Arriba Financial Services BSS Sonata ECoil Equitas Finreach FlixDrop Imarticus Learning Krishi Balwaan Origo Commodities Svatantra MHFC Theia Ventures Ujjivan Veritas Finance

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$495M**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Debt

Median round joined **$17M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jan 2019

Rounds by stage said on their site

- Debt *1*

**Pitching Caspian?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Recently backed

The latest companies Caspian put money into.

[**WayCool** $17M · Jan 2019](https://millionrounds.com/company/waycool)

## Quick answers about Caspian

### What does Caspian invest in?

Caspian invests most often at Debt (100% of the rounds on record), in sectors such as Financial Inclusion and Impact.

### How active is Caspian?

1 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2019.

### What has Caspian invested in recently?

Its most recent investments on record: WayCool (Debt, Jan 2019).

### How big are Caspian's cheques?

The median round it joins is $17M.

### Is Caspian investing now?

No investments in the last 12 months; the latest was in Jan 2019.

### What kind of investor is Caspian?

Caspian is a VC firm based in Hyderabad, India.

### Has Caspian raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $495M raised.

### When was Caspian founded?

Caspian was founded in 2005.

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=caspian) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=caspian)
