David Li, managing director and head of China at Warburg Pincus, has resigned to set up his own company. Julian Cheng and Frank Wei have duly been appointed to lead Warburg Pincus’ China business.
Singapore-based Jungle Ventures, which is currently raising its second fund, has strengthened its management team with the appointment of a new CFO, director of corporate development, and head of finance.
With private equity’s traditional training tools coming under increased scrutiny, some are calling for standardized qualifications - before outside forces take matters out of the industry’s hands.
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
China-based venture firm Qiming Venture Partners has promoted Peter Yin, Stella Zhou, Shiyu Wang and Jay Yin to principal.
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
Korea Investment Corporation (KIC) has appointed Sung-Soo Eun, most recently an executive director at the World Bank, as its CEO. He will also serve as chairman of the sovereign wealth fund’s board.
Headland Capital Partners has seen the departure of two partners and slimmed down its investment team following the decision last September to suspend fundraising and focus on the existing portfolio.
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
Sam Robinson, previously head of regional private equity fund investment at Aberdeen Asset Management, has joined North-East Family Office as managing partner for Asia.
Adams Street Partners has appointed Ben Hart, formerly of Capital Dynamics, as partner and head of business development for Asia.
Jin-Yong Cai, the former executive vice president and CEO of the International Finance Corporation (IFC), the investment arm of the World Bank, has been named a partner at TPG Capital.
Unitas Capital has decided against raising a fourth fund, and its China team, led by Jim Tsao, will join Permira under a multi-year transition agreement.
TA Associates has promoted Naveen Wadhera, its London-based Asia co-head, to managing director, while Dhiraj Poddar (pictured), co-head of the firm’s India business, becomes a principal.
Three of the six partners at India-focused VC firm Helion Venture Partners will depart to pursue other opportunities.
Ajay Relan, co-founder of India-focused private equity firm CX Partners, is taking a step back with Jayanta Basu assuming responsibility for daily operations as managing partner.
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2015
Anand Prasanna, a director with Morgan Creek Capital Management in Shanghai, has left the firm to pursue entrepreneurial opportunities in India.
General Atlantic has promoted Mumbai-based Rajat Sood to principal. He has been with the firm since 2007 and was previously vice president.
HarbourVest Partners has opened an office in Seoul. It will be led by Minjun Chung, who is already responsible for investment opportunities and client relations in South Korea.
Yar-Ping Soo, a partner with Adams Street Partners, has been appointed head of the firm’s Asian investment team, succeeding Piau-Voon Wang, who will become a senior advisor.
India-based ICICI Venture has appointed Prashant Purker as managing director and CEO. He replaces Vishakha Mulye, who recently moved to parent group ICICI Bank as executive director.
Simon Moore, a managing director with The Carlyle Group’s Asia buyout team in Sydney, will reportedly not stay with the firm beyond the life of the current fund.
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.