Business Daily from THE HINDU group of publications
Saturday, Dec 09, 2006
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Business Daily from THE HINDU group of publications Saturday, Dec 09, 2006 ePaper |
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People Web Extras - Financial Services TPG Ventures sets up team for Indian investments Our Bureau
New Delhi, Dec. 8 TPG Ventures (TPGV) announced on Friday that Mr Varun Kapur, a former top executive at Intel Corporation's strategic investment unit, Intel Capital, will join the firm as Partner effective February 2007. TPGV is the growth fund of TPG, a leading global alternative investment firm. Mr Kapur will be based in Mumbai and will lead the firm's expansion stage, smaller buyouts and growth-oriented investments in India, with investments up to as much as $75 million. Mr Kapur will also have additional responsibility for growth and expansion investments in Japan, Australia and parts of South-East Asia. TPG Newbridge, TPG's Asian investment arm, already has a significant presence in India with Mr Puneet Bhatia, Managing Director, leading TPG's efforts for buyouts and large strategic transactions in India.
According to Mr Kapur, the average size of investments by TPG will be in the $30-60 million range and the firm would be looking to make these investments in companies from a cross-section of sectors.
Texas Pacific Group Ventures (TPGV) is the growth fund of TPG and manages more than $1 billion of capital.
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