Harjit Bhatia rejoins Asia Growth Capital Advisors

AGCA was formed in 2010 as a spin-out from Credit Suisse Private Equity Asia, led by Bhatia, who was chairman and managing partner, and Soma Ghosal Dhar, a partner. The new firm comprised the India and Southeast Asia teams from Credit Suisse.

Even after his departure for PineBridge, Bhatia - who previously served as Asia head of General Electric's private equity business - retained a financial interest in AGCA and fulfilled a mentor-type role at the firm.

AGCA continued to manage approximately nine assets from the Credit Suisse portfolio. Last year, HarbourVest Partners and Axiom Asia financed the acquisition of these assets, facilitating an exit for Credit Suisse and a few third-party investors, with AGCA contracted as advisor to the new vehicle.

The assets are growth capital investments, mainly from the 2008 and 2009 vintages, in India, Southeast Asia and China, covering sectors such as infrastructure, consumer, alternative energy and financial services.

AGCA is based in Singapore and has a presence in Seoul, Hong Kong and Mumbai, either directly or through affiliates, according to a statement. The is looking to provide structured solutions for LPs seeking liquidity from investments. It also offers portfolio and investment management services for existing or new deals.

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