Aureos Capital, a private equity fund manager focusing on the SME space and operating across emerging markets, has appointed Ashish Patel as a partner of its Asia team. Patel is a former managing director of Intel Capital.
Patel moves in from AVG Technologies, a global security software company, where he was working as head of strategy (emerging markets and corporate development) since 2010. At Intel Capital, he had worked for more than a decade and led a number of highly successful investments and exits in some of Europe’s most prominent start-ups since 2003. Prior to joining Intel, Patel was an investment director at CDC Group plc.
He has more than 15 years of experience and also worked with several other companies such as AVG Technologies, IP Access and RuNet (Yandex).
Patel holds a degree in Economics from the London School of Economics and also qualified as an accountant from Coopers & Lybrand.
“He brings with him the unique perspective of having worked both as a private equity investor and a director of small and medium-sized companies. He has also worked within a large corporate of the type that targets our investee companies as trade buyers. We are very excited to have him on board,” said Sev Vettivetpillai, chief executive of Aureos Capital.
Incorporated in 2001, Aureos has $1.3 billion funds under management and extended its footprint to more than 50 emerging markets in Asia, Africa and Latin America by establishing 17 regional private equity funds. Its funds are managed through a network of 28 offices worldwide, by a team of over 90 investment professionals. Recently, it had appointed Meleveetil Damodaran, former chairman of the Indian Securities and Exchange Board (SEBI), as a senior adviser to its forthcoming India fund.