Baring PE India promotes two to partner level

The executives, who started at the firm in 2004 and were employed as principals until now, have been involved in deals across a broad spectrum of sectors. Chander mainly focuses on investments in healthcare, information technology and education, although he has also participated in some financial services transactions.

Misra holds board seats at various investee companies, and is frequently in charge of allocating capital as well as Baring's exit strategy.

"We are delighted to announce the promotion of two of our stellar performers as partners in the firm," said Rahul Bhasin, managing partner at Baring. "Both Amit and Keshav, have been the backbone of the firm for several years and played a pivotal role in driving the firm's strategy across their respective practice domains."

Last month, Baring announced that it plans to complete its current investment cycle by mid-2013. The PE firm has raised more than $770 million across three funds and the most recent vehicle - which closed in 2008 at $560 million - is the only one not fully invested.

The private equity firm closed its maiden fund in 1997 at $40 million. Eight years later, it raised a $175 million vehicle, with investors including Asian Development Bank, California Public Employee' Retirement System (CalPERS) and CDC Group. CalPERS and CDC both re-upped for the third fund.

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