The US regulator's civil proceedings against former McKinsey & Co managing partner Rajat K Gupta has no direct impact on the daily operations at New Silk Route Partners, the $1.4 billion private equity firm he had co-founded, a senior official of the PE firm told VCCircle in an interview.

"It was very clear from the beginning that Rajat is the chairman of the fund. As far as the day-to-day analyses of the companies are concerned, Rajat was not involved. He is not on the board of any of our portfolio companies and never was," said Jacob Kurian, Partner of New Silk Route Partners.

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