
Bain & Co's Suvir Varma joins Campbell Lutyens as advisor
Placement agent Campbell Lutyens has appointed Suvir Varma, until recently head of Bain & Company’s financial investor practice in Asia Pacific, to its global advisory board.
The move follows Varma transitioning to a senior advisor role with Bain, which enables him to take on other projects. Initially an investment banker, Varma spent six years as head of A.T. Kearney’s strategy practice in Southeast Asia before joining Bain in 2002. He has advised private equity and sovereign wealth funds on their investment strategies across Asia Pacific as well as serving on Bain’s investment committee for many years.
“Suvir brings a wealth of relevant experience to Campbell Lutyens at a time of rapid growth for our business in Asia Pacific,” Gordon Bajnai, chairman of the advisory board, in a statement. “The breadth of his relationships and understanding of the private markets landscape in the region will be of great value to Campbell Lutyens and our clients.”
Having opened a Hong Kong office in 2010, the firm expanded into Singapore last year and has enlarged its team in the region to 20, up from 12 as recently as 2017. Campbell Lutyens specializes in fund placement and secondary advisory services, and it is currently advising on $7.8 billion of transactions across private equity, infrastructure and private debt.
Other Asia-based members of the advisory board include Takeshi Kadota, who previously spent 20 years with Mitsubishi Corporation, and Kok-Peng Teh, formerly head of the special investments division at GIC Private.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.