Anand Sunderji has quit as the director of fund of funds of multi-billion dollar investment firm Guggenheim Partners. Sunderji is believed to be pursuing his own entrepreneurial venture in the Indian private equity space. Sunderji was not immediately available for comments. Guggenheim's India fund of funds has about $100 million under management and its investments include IDFC PE and iLabs Group.
Guggenheim is one of the largest asset managers in the world with assets under management of more than $100 billion. Its India office is headed by K V Dhillon.
Sunderji joined three years ago as a director of the fund of funds operations at Thomas Weisel Partners in India which was acquired by Guggenheim Partners in 2008. Following the acquisition, he assumed the same role at Guggenheim Capital Management (Asia) Pvt Ltd. Prior to Thomas Weisel, Sunderji headed the Asian fund of funds operation for Adveq, where he was responsible for fund investments in India, China, Japan and Australia.
Sunderji was also head of private equity and hedge funds at the World Economic Forum where he was responsible for projects in India and China. He initially worked as senior equity portfolio manager at INVESCO, managing a $850 million equity and derivatives portfolio.
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