Hyderabad-based Song Investment Advisors has announced a leadership change with departure of founder and managing director Vishal Vasishth. Aspada Capital Advisors LLP, led by Song's current investment manager Kartik Srivatsa, will manage Song’s existing portfolio of investments.

When contacted by VCCircle, Vasishth said that he has no concrete plans now and is exploring various opportunities.

Song Investment manages a $17 million fund whose investors include search giant Google Inc., Soros Economic Development Fund and Omidyar Network. The firm recently invested in two companies - secondary care hospital chain Be Well Hospitals and potato supply chain management company SV Agro Processing.

“With recent investments in SV Agro and Be Well Hospitals, Song has continued to build a strong portfolio of businesses that can create sustainable social impact,” Jasjit Mangat, director of investments,

Omidyar Network commented on SONG’s portfolio.

Song has also backed Delhi-based eye specialty chain Eye-Q, which raised a follow-on round from Helion Venture Partners and Nexus Venture Partners last year.

It has also invested in K12 Techno Services Pvt Ltd, which manages over 60 schools run by 15 different trusts under the Gowtham Model School, a deal which it has now exited, according to the statement. Last year stationary products maker and publishing firm Navneet Publications invested over Rs 45 crore in K-12 Techno, which is also backed by Sequoia Capital.

Before joining Song, Srivatsa was associated with Lightspeed Venture Partners, a global venture capital firm where he was a founding member of the India practice. He was responsible for sourcing and evaluation of deals across number sectors such as technology, education, financial services and business services.

Srivatsa also served as a consultant with McKinsey and Company and Acumen Fund, a social venture fund, in helping develop their energy portfolio.

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