RSS FeedExclusive: HSBC Private Equity Head Rajeev Kalra Moves To AIF Capital
Fri, 09/28/2007 - 20:02 — Sahad P VHSBC Private Equity's India investment head Rajeev Kalra has quit. He has moved to AIF Capital as Executive Director, and will based in the firm's office in New Delhi/Gurgaon. Kalra spent about 11 years at HSBC PE in Mumbai.
AIF Capital is a leading Asia-based private equity firms with over $1.5 billion in funds under management. Established in 1994, the firm, with 16 investment professionals across Hong Kong and India, manages a diversified, pan-Asian portfolio of investments, providing capital for expansion, buy-outs and recapitalisations.
AIF Capital has invested in China, India, Taiwan, South Korea, Hong Kong, Singapore, Indonesia, Philippines and Thailand. It is currently investing out of its $435 million fund - AIF Capital Asia III - which also has a pan-Asian footprint (India, Greater China and South East Asia). They plan to invest across sectors in fast-growing businesses, typically in deal sizes of $15-50 million and even larger amounts in association with its fund investors and other co-investors.
See AIF Capital portfolio here.
Comments
HSBC seems to be on EXODUS; Ashok Mittal Head of IB quit to join Lehman; Rajiv Menon the other co-head also has shifted internally; Now the PE guys leaving; Guess this is more a perils of joining an MNC Bank where things move at a snails pace when it comes to action.
HSBC had PE arm in India 11 years ago?? I'm surprised