Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth fund, has appointed Kabir Mathur as the head of its India operations.
Mathur is now the head of India and Southeast Asia private equity business at ADIA, his LinkedIn profile shows.
Mathur was a director in KKR’s Singapore office from 2008 to 2017. He focused on KKR's investing and portfolio management activities across Southeast Asia. It is not clear when exactly did he quit KKR.
Prior to joining KKR, he worked as an associate at private equity firm TPG Capital.
Mathur didn’t immediately respond to queries from VCCircle.
The state-owned fund has ramped up its investments in India in recent months. Last month, for instance, ADIA agreed to invest $600 million in Indian agrochemical major UPL’s unit to fund its acquisition of US-based Arysta LifeScience Inc.
In June, ADIA agreed to invest $79.3 million in Hyderabad-based renewable energy producer Greenko.
In December 2017, ADIA picked up a minority stake in KKR India Financial Services Pvt. Ltd, one of the private equity giant's two non-banking financial companies in India.
ADIA has also bet on a few companies that have gone public in recent months such as Reliance Nippon Asset Management, CX Partners-backed Security Intelligence Services (India) and securities depository firm CDSL.
It had also agreed to invest $1 billion in the master fund of India’s National Investment and Infrastructure Fund.