
Temasek, General Atlantic execs depart to launch independent fund
Head of Temasek India Manish Kejriwal and General Atlantic Managing Director Sunish Sharma have reportedly resigned their positions to spin off their own independent fund.
Co-head of Temasek India Rohit Sipahimalani will assume Kejriwal's duties, a Temasek spokesman told media.
Kejriwal and Sharma, who were previously colleagues at McKinsey & Co., are expected to be joined by General Atlantic Principal Nishant Sharma in the fund, according to The Times of India. A Reuters report added that Temasek is not expected to be an LP in the fund.
Kejriwal joined the Singaporean sovereign wealth fund in 2004 and opened its Mumbai office. He was additionally in charge of Temasek's investments in Middle East and Africa. During his time at the fund, Temasek's key investments included a stake in the National Stock Exchange of India, GMR Energy, ICICI Bank and Bharti Airtel.
At Atlantic Partners, Sharma focused on transactions in the consumer, healthcare, financial services sectors. He also joined the firm in 2004 from McKinsey.
The reported departures of Sunish Sharma and Nishant Sharma come less than a year after another General Atlandic executive, MD Raul Rai, departed the firm for Fidelity Growth Partners India.
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