TPG Growth names India, Southeast Asia head

Rao - who will also lead The Rise Fund, TPG's impact investment vehicle, in these geographies - joined the firm last year as a senior advisor following the departure of Vishwarupe Narain, the partner who helped build the firm's India portfolio. His promotion will take effect September 15, according to a statement, at which time he will also join the boards of portfolio companies BookMyShow and Fourth Partner Energy.

Rao previously spent four years as head of international operations at Twitter, helping the company expand its presence in Latin America, Europe, Asia, and the Middle East and North Africa. Before that, he spent seven years at Google as managing director for India and then as vice president for media, mobile and platforms in Asia Pacific.

“As we continue to build businesses with leaders across India and Southeast Asia, Shailesh’s regional expertise and global operating experience will be invaluable,” said Bill McGlashan, founder and managing partner at TPG Growth and co-founder and CEO of the Rise Fund. “In addition to sourcing new regional opportunities, we look forward to advancing our technology investment activity worldwide with the help of Shailesh’s connections in the technology sector.”

TPG Growth closed its fourth global fund last year with $3.7 billion to invest in companies across a range of industries, focusing on strong consumer brands. Its investments in India include maternity hospital operator Rhea Healthcare and shoe supplier Campus Activewear. Through the Rise Fund, it holds a stake in dairy farm Dodla Dairy, which filed for an IPO earlier this year.

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• Topics
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