Global Environment Fund (GEF), an environment and energy focused PE fund, has appointed Sridhar Narayan as principal. Narayan will be based in Mumbai, where he will be part of the team that is executing GEF’s private equity investment programme in India and South Asia, the firm said in a statement.
As part of strengthening its India team, it had hired Luis Miranda as senior advisor for its Mumbai office in April this year.
Prior to joining GEF, Narayan was working with JRE Partners, Mumbai, where he was responsible for growth capital investments in a host of rapidly growing sectors. Narayan, who started his career with Zurich Asset Management/ITC Threadneedle AMC India, has also served as vice president for direct investments at American International Group (AIG), Mumbai.
A mechanical engineer from Indian Institute of Technology, Banaras Hindu University, Narayan is also an MBA from IIM, Bangalore.
The Washington-headquartered PE firm started operations in 1990 and has offices in Brazil, India, China, South Africa and other key markets. Currently, it manages approximately $1 billion in private equity investments for institutional investors including university endowments, foundations, family offices and pension funds. In March, VCCirlcle had reported that GEF along with IFC is looking to invest $11.5 million in energy efficiency firm Kalki Communication Technologies Pvt Ltd.
(Edited by Prem Udayabhanu)