Latest Tashwinder Singh News
Dec 1, 2017
Global alternate investment firm KKR has promoted 44 executives, including two from its India office, to the post of managing directors. The private equity firm announced the elevation of Rupen Jhaveri and Tashwinder Singh as managing directors, alongside Susan Hutchison from its Hong Kong team, Chung Ho Park from Seoul and Matthew Claughton of Sydney-based KKR Capstone. Jhaveri, who had joined KKR’s Mumbai team in the year of its launch in 2009, has represented the firm in several transactions, including the ones involving Alliance Tires Group, Magma Fincorp, DAlmia Cement, Max Financial Services, Emerald Media, SBI Life Insurance and Bharti Infratel, according to the company website. Earlier, he had stints in Goldman Sachs & Co. and Warburg Pincus. Singh, who is part of the Mumbai capital markets team since 2012, focused on the Indian corporate non-bank finance company, the firm said. He had moved from Citi Private Bank, his profile on the KKR website says. “This particular group of individuals has demonstrated strong leadership, embodies the firm’s culture and values, and plays key roles in KKR’s mission of supporting our clients and the companies in which we invest,” the KKR press statement quoted co-founders Henry Kravis and George Roberts. KKR has just raised one-third of the $9.3 billion buyout fund for Asia. Till date, it has invested around $3 billion across 13 private equity transactions in India. The firm has raised at least two India credit funds. It mobilised Rs 1,500 crore in its first India credit fund in 2013, and is targeting Rs 2,000 crore in its second outing . KKR has also invested $200 million in its so-called special situations business that backs distressed companies. Like this report? Sign up for our daily newsletter to get our top reports.