Three Indian private equity executives belonging to two of the top global investment firms are on their way out from their present organisations to raise a fund of their own. Manish Kejriwal, who is heading India, Africa & Middle East operations at Temasek Holdings, the Singapore-government owned sovereign wealth fund, is quitting the firm, at least three sources familiar with the matter told VCCircle.
In an email response to VCCircle, Stephen Forshaw, Managing Director Corporate Affairs, Temasek, confirmed the development: "Manish Kejriwal has decided to step down as Head of Temasek India, in order to explore a new fund platform in India. He will continue to support Temasek in an advisory capacity." Full story
Related:
Temasek's India head Kejriwal steps down to start new fund - Reuters
Kejriwal quits Temasek to float a new fund - The Times Of India