People Digest: Lighthouse names new operating partner; Aditya Birla PE CEO quits

Photo: Reuters

In the latest people moves, Lighthouse has appointed FMCG veteran PK Hariharan as an operating partner while Aditya Birla Private Equity chief executive officer D Muthukumaran has put in papers.

Lighthouse names PK Hariharan as operating partner

Mid-market private equity firm Lighthouse has appointed FMCG veteran PK Hariharan as an operating partner, it said in a statement.

Hariharan has over 40 years of experience in the FMCG industry. He spent 35 years alone working with consumer goods giant Procter & Gamble in different roles across sales, market strategy, and planning. He also spent more than six years in Singapore and overseeing South Asia business.

At Lighthouse, Hariharan is expected to leverage his extensive experience in sales and distribution, marketing, as well as leadership training.

Aditya Birla PE CEO D Muthukumaran quits

Aditya Birla Private Equity chief executive officer D Muthukumaran has put in papers. He is currently serving his notice period and is exploring options including starting his own venture, , VCCircle reported.

Prior to joining the PE firm, Muthukumaran was in Group Corporate Finance at the Aditya Birla Group for 12 years, where he was driving mergers and acquisitions and long term capital raising across the businesses.

Meanwhile, Aditya Birla PE is looking to raise about Rs 1,500 crore (around $214 million) in its third fundraising outing, which will be managed by Ajay Srinivasan, the chief executive of financial services provider Aditya Birla Capital, in the interim.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.