The private equity arm of London-headquartered bank Standard Chartered Plc. has elevated its India head Nainesh Jaisingh to the position of global co-head. Jaisingh will take charge of the private equity business, along with Alastair Morrison. He will also continue to head the India team and will be based out of the country, a bank spokesperson confirmed to VCCircle.
Jaisingh had joined Standard Chartered Private Equity in 2001 and has handled the bank’s PE business for more than a decade now. He was instrumental in setting up the Merlion India Fund, a joint venture between SCPE and Singapore sovereign wealth fund Temasek. This fund had several multi-baggers like Punj Lloyd and ABG Shipyard, among others.
An engineer with an MBA degree from the IIM-Bangalore, Jaisingh had worked with ANZ Investment Bank and ANZ Grindlays, before joining StanChart.
SCPE has been a fairly aggressive investor in the Indian private equity space and also operates a mid-market team, which typically invests between $10 million and $30 million. Incidentally, SCPE has closed as many as three transactions in July only, totalling more than $200 million. These include investments in Redington India, and .
This is not the first time when an Indian will be heading SCPE. Karam Butalia, who had launched his PE shop KV Asia Capital last year, was the global head of SCPE between 2002 and 2008. Earlier, SCPE was headed by Rajiv Maliwal, who quit in 2002 to set up Sabre Partners India, along with former StanChart global CEO Rana Talwar.
