L Catterton recruits SE Asia, India leadership

Tee will join the firm’s Singapore office on March 1 and will head the Southeast Asia business, while Sasidharan will join the Mumbai office on February 15 leading early-stage investments.

The appointments extend a string of leadership changes at the firm, including the hire of Saurabh Mehta, formerly of India’s CX Partners, to support late-stage investments in India. Ketki Paranjpe remains head of India and the Middle East.

It also follows the appointment last year of Scott Chen, previously a partner at TPG Capital, as co-managing partner for Asia alongside Chinta Bhagat. Ravi Thakran, L Catterton’s prior head of Asia, stepped down from day-to-day duties in 2020.

Tee joins L Catterton from Affinity Equity Partners, where he covered Southeast Asian markets, executing late-stage growth and buyout transactions across the consumer, healthcare, and education sectors. Prior to joining Affinity, Tee was an associate director at Temasek Holdings.

Sasidharan is moving over from Sequoia Capital India, where she spent 10 years. Her expertise includes fast-growing consumer categories and healthcare. While at Sequoia, she led the formation of Sequoia Spark, a community platform designed to foster collaboration and engagement among women founders across India and Southeast Asia.

“As Southeast Asia and India continue to play an important role in our broader Asia strategy, we are confident that we now have the right team in place in these regions to execute on our longer-term vision and continue to invest in the companies on the cutting edge of the evolving consumer experience,” Bhagat and Chen, said in a statement.

US-based L Catterton was formed in 2016 through the merger of Catterton's North American and Latin American businesses with L Capital's private equity and real estate operations in Europe and Asia. It claims more than $22 billion in equity capital across its fund strategies and 17 offices globally. The team currently includes about 200 investment and operating professionals.

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• Topics
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