Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
Other founding members of the new platform include Karl Bornefalk, a serial entrepreneur, and Livio Marianti, a personal advisor and assistant to Sheikh Sultan bin Ghanim Al Thani of Qatar, according to reports. The new firm will focus on significant minority stakes, with a potential total fund size of around $50 million, to be deployed in about 20 commitments. Marianti will apparently continue to work out of Doha and Dubai, while the firm is putting together an investment team for India.
Achuthan served for six years from 2004 as a Director for Alternative Investments with CS in New York. Prior to this, he was a VP with Lehman Brothers. Bornefalk was founding CEO of online media monitoring platform Mamba IQ.
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