David Pierce

Squadron Capital CEO on buyout by FLAG Capital and LPs’ appetite for India

12 November, 2012

Asia-focused fund of funds manager Squadron Capital got recently acquired by US-based FLAG Capital Management. The transaction pulled up FLAG’s total assets under management from $4.5 billion to over $6 billion, besides enhancing its ability to deliver solutions in private equity, venture capital, natural resources and real estate. Squadron has backed several India-focused PE firms including Avigo Capital and more recently backed Motilal Oswal PE’s India Business Excellence Fund-II. It has also just kicked off the process to raise its third fund. David Pierce, CEO of Squadron Capital dons many hats including chairman of the Hong Kong Venture Capital & Private Equity Association and is a member of the United States Department of State’s Advisory Committee on International Economic Policy. In an interview with VCCircle, Pierce talks about what the new combine means, the increasing role of fund of funds going forward and the appetite of LPs for India. Excerpts:


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Squadron Capital CEO on buyout by FLAG Capital and LPs’ appetite for India

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