Our Ethos

Committed to delivering capital to great companies

The word Leela is Sanskrit for “the playful creation of the cosmos”.
For the past 5 years LC has been looking at small cap acquisitions and venture capital raising in the UK.

Deals that drew our focus were assets that had some exceptional opportunity of growth but required some initial restructuring.

Current investment strategies find it difficult to group venture and distress deals into their asset classes, showing an equity gap to be filled

LC will be leading investment into a new asset class: Transition Capital

Transition Capital

The theory

Venture

Investor Strategy

High growth companies with investors seeking 50%+ IRR

Funding Gap

  • TAM was overestimated
  • Founding team change
  • Competitor aggressively funded
  • Poor unit economics
  • Quicker diminishing returns
  • Slower traction in new markets
  • Bad senior hire
  • Other externalities

Transition Capital

Investor Strategy

High growth companies requiring stabilisation

Funding Gap

When a venture business hits these hurdles, they are penalised through shortening of cash runway; risk of securing new funding and limited valuation growth.

Transition Capital solves this by maximising product fit and positive unit economics to stabilise near-term cashflow whilst maintaining long-term strategic goals

Distressed/Turnaround

Investor Strategy

Securitise investment typically by restructuring debt or by special situation disposal

Funding Gap

Companies that have not achieved profitability

Landscape

Our impact

Capital currently being deployed

Tip
Afloat

Seeking alternative capital

Some Light Above
In The Deep
Swimming In Circles
Sunk To the Seabed
The Theory
Transition Capital