NEW YORK–(BUSINESS WIRE)–The Rohatyn Group, an asset management firm with expertise in emerging markets and real assets, announced today that it is appointing Rajeev Kalra as Partner. Mr. Kalra, who is based in India, leads TRG’s India’s team and is focused on sourcing, evaluating, executing and monitoring investments in the region. Mr. Kalra joined the firm following the acquisition of Citi Venture Capital International in 2013.
“In the decade since, his unrelenting pursuit of realizations on some of our most complex investments has served to establish TRG as a force in India and a global leader in GP replacements,” said Nicolas Rohatyn, The Rohatyn Group’s Chief Executive Officer and founder.
Mr. Kalra has over 26 years of private equity experience and 30 years of total experience in financial services. He started his private equity career in 1996 with HSBC Private Equity— subsequently Headland Capital Partners— and led their India team from 2002 to 2007. Thereafter, Mr. Kalra worked with AIF Capital, an Asian private equity fund manager, as a Managing Director up to 2010. He was a key member of their India team, working on mid-market growth capital transactions across sectors. He then joined the CVCI investment team, which became a part of TRG in 2013.
“Looking ahead we see enormous opportunity under Rajeev’s leadership. In addition to deployment of flexible primary capital, TRG’s India team continues to pursue GP replacements and secondary opportunities in India, as successfully demonstrated in the last few years by the integration of and exits from two infrastructure focused portfolios acquired by TRG in India,” said TRG Partner and Head of Private Markets Miguel Gutierrez. “Alongside our pending acquisition of the business of Ethos Private Equity, Rajeev’s promotion underscores the firm’s commitment to emerging markets and aim to deliver a larger array of investment solutions.”
Mr. Kalra has broad experience across consumer, industrial, healthcare, financial, infrastructure and services sectors. Currently he is a nominee director on the Board of several portfolio companies in India, including Leap Green Energy (a leading renewable power generating business), Nandi Economic Corridor Enterprises (an integrated toll road and real estate development business), DB Power (a thermal power generating business) and Soma Tollways (a toll road company). Mr. Kalra has served as a nominee director on the boards of several other portfolio companies that have been successfully exited by TRG.
“I am thrilled by the prospect of building a larger business for TRG in India, which is poised to become the third largest economy in the world over the next decade. The opportunity set is vast and attractive in areas spanning energy, financial services or consumer goods and services,” said Mr. Kalra. “India’s renewables sector is particularly interesting because of both demand for power and the conversion of existing energy generation sources. I am grateful for this opportunity and for the firm’s support of our team.”
About TRG
Founded in 2002, The Rohatyn Group specializes in emerging markets and real assets. The New York based firm currently employs over 120 professionals based in 16 cities across the U.S., Latin America, Europe, the Middle East, India, Southeast Asia and Oceania. It currently has approximately $6 billion in assets under management. In November, TRG entered into a definitive agreement to acquire the business of Ethos Private Equity (“Ethos”) – a leading alternative asset management firm in Africa, which is expected to increase AUM to approximately $8 billion. For more information, please visit www.rohatyngroup.com
