PAG appoints KKR dealmaker as India PE head

Srivistava spent nearly a decade with KKR, managing a portfolio of more than $1 billion in software, business services, education, and IT services out of the firm’s San Francisco office, and then transferring to Mumbai. He was a founding member of the Asia special situations team and most recently led special situations and healthcare private equity coverage in India. Before joining KKR he spent two years with Goldman Sachs.

Srivistava will continue to be based in Mumbai with PAG Asia Capital as a managing director and head of India private equity. The firm closed its third pan-Asian fund at $6 billion last November and has added India to its existing geographical footprint of Australia, China, Japan, South Korea, and Southeast Asia.

“PAG has been actively seeking major investment opportunities in India. We believe in the potential of the Indian market. We’re pleased to work with a proven dealmaker like Nikhil with deep local and international experience, and look forward to increasing our investment activities in India,” Weijian Shan, CEO of PAG, said in a statement.

PAG Asia Capital is the PE unit of PAG, one of Asia’s largest independent alternative asset firms with $30 billion in capital under management. It covers absolute returns and real estate as well as private equity.

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