Global Environment hires Sridhar Narayan for India team
Global Environment Fund (GEF), a private equity firm that targets energy, resources and environment-related assets, has appointed Sridhar Narayan as a principal within its India team.
Based in Mumbai, Narayan will help execute GEF's private equity investment program in India and South Asia.
He was previously employed by a joint venture between Rothschild, Jardine Matheson Group and Exor called JRE Partners, also in Mumbai, where worked on expansion capital deals. Narayan began his career at Zurich Asset Management/ITC Threadneedle AMC India, and also held the role of vice president for direct investments at American International Group (AIG).
The appointment comes at a logical time for GEF, which raised INR7 billion ($124 million) in June for a fund focused on small- and medium-sized enterprises in India. It is the first niche fund of its kind in the country.
GEF has previously invested in India through its global vehicles and has bet over $100 million across eight deals.
Its current portfolio companies include Sai Sudhir Infrastructures and Greenko Group, the wind energy player that received backing from TPG Capital and last year established a joint venture with General Electric. GEF's other investment in India, REVA Electric Car Company, has been exited.
Established in 1990, GEF has approximately $1 billion in aggregate capital under management.
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