India: What drives PE fund managers to go solo?

Indian private equity (PE) firms go through bouts of separation every now and then when one or more managers leave them to set up their own firms.

The latest examples include Vishal Bakshi, former India MD at Goldman Sachs, who is setting up his own PE firm, Avatar Growth Capital; Siddharth Parekh, the younger son of Deepak Parekh, chairman of mortgage lender HDFC Ltd, who has left UK investor Actis after a seven-year stint in its Mumbai office to form Paragon Partners and is now on the road to raise a $200 million fund; former Footprint Ventures co-founders Josh Bornstein and Peter DeYoung, who are setting up a $50 million fund, Montane Ventures, which will be anchored by Ajay Piramal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter