Sumitomo Mitsui Trust Bank backs Indian private equity firm One Planet Partners
Thursday, October 29, 2026 · first reported by Private Equity Wire and 8 others
Sumitomo Mitsui Trust Bank has taken a minority stake in One Planet Partners, an Indian private equity firm, and agreed to anchor its first fund. The fund aims to invest about INR30bn over five years, according to Bloomberg as relayed by Private Equity Wire.
One Planet will target mid-market Indian companies in energy transition, mobility and manufacturing, writing cheques of $25m to $75m in real assets. It made its first investment, in Yulu Bikes, in August. The firm plans to raise more money from Japanese, Asian and Indian institutions and targets gross returns of 25% to 30%.
- Also named
- Sumitomo Mitsui Trust Bank
- Fund
- One Planet Partners inaugural fund
- Asset class
- Private equity
- Geography
- Asia-Pacific
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Coverage
9 sources- Private Equity WireSumitomo Mitsui Trust Bank backs Indian private equity firm One Planet Partners
- TradingViewOne Planet, Japan's Sumitomo Mitsui Trust Bank Launch 3,000-cr PE Fund
- The HinduVC firm One Planet Partners to deploy over ₹3,000 crore in high-growth business in India
- Rediff MoneyWizOne Planet Partners to Raise Rs 3,000 Cr PE Fund with SMTB
- BusinessLineSumitomo Mitsui Bank partners to invest in One Planet Partner’s first P-E fund
- yourstory.comOne Planet Partners ties up with SMTB of Japan to launch Rs 3,000 cr fund
- India Business TradeOne Planet Partners to Raise Rs 3,000 Crore PE Fund, Partners With Japan’s SMTB
- The Economic TimesOne Planet Partners launches maiden PE fund, targets Rs 3,000 crore
- DealStreetAsiaIndia: One Planet Partners launches maiden PE fund backed by Japan’s SMTB
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