We hope to manage $1 bn in seven years: Jupiter Capital's David Abikzir

'Jupiter Capital invested in multiple industries with each investment providing a stellar performance', said Abikzir

Jupiter Capital, the family office of Rajeev Chanandrasekhar — the Union minister of state for electronics and information technology — is to take on a new avatar. It is to be a specialised fund which will focus on software-as-a-service (SaaS) in a big way. David Abikzir, chief investment officer and executive director of Jupiter Capital, spoke to Raghu Mohan. Edited excerpts:

What is behind the repositioning of Jupiter Capital from a family office to a specialised fund? Very few such entities have morphed into a private equity (PE) or venture capital (VC) firm.

A family office manages the wealth, or