Everstone Capital ropes in US endowment fund exec as MD at New York office
Photo Credit: Pixabay

Private equity firm Everstone Capital said on Wednesday that it has appointed Suneel Kaji as a managing director at its recently-opened New York office.

Suneel Kaji joins Everstone from endowment fund University of Texas Investment Management Company (UTIMCO), where he was a senior member of the private investments team. UTIMCO was a limited partner for one of Everstone’s funds, according to a Mint report from 2015.

In a statement, Everstone said that Kaji will be tasked with developing strategic relationships with large institutional investors, sponsors, corporates and service providers.

It further said that the appointment will enhance its private markets business in India and Southeast Asia through stronger investor connects, building an ecosystem for cross-border expansions and exit options for portfolio companies.  

The development comes nearly a year after Everstone Capital said it was opening a New York office in a bid to expand its fundraising efforts.

Kaji has more than two decades of private markets experience in control and structured investing across the US and Asia.  

Before UTIMCO, Kaji had been a founding partner of Accordion Capital, the principal co-investment affiliate of Accordion Partners, a New York-based private equity consultancy.

He also previously worked with the private equity teams at DLJ in New York and Hong Kong and at Goldman Sachs in New York. Kaji had started his career in investment banking at Salomon Brothers.

At the time of announcing its New York office, Everstone had appointed Sanjoy Chatterjee as president, North America and the head the business development. Taylor Lawrence had also joined the business development team in New York as a managing director.

Everstone, which has dedicated private equity and real estate funds, was founded in 2006. Its existing offices are located in Singapore, Mumbai, Delhi, Bengaluru, Mauritius, New York and London. The firm currently has $4 billion in assets under management

Everstone Capital had raised $730 million for its third fund in 2015.

Last year, it set up a joint venture with British solar power company Lightsource BP called Eversource Capital. The JV is raising a fund called Green Growth Equity Fund, which has a target corpus of $710 million. 

Leave Your Comment(s)