Latest news with #NikhilSrivastava
Mint
5 days ago
- Business
- Mint
Nikhil Srivastava elevated as PAG's private equity co-head
PAG, an Asia-Pacific-focused alternative investment firm, has elevated its India head of private equity, Nikhil Srivastava, to jointly lead its overall private equity business. The appointment is effective immediately, the firm, which manages $55 billion in assets, said on Thursday. Srivastava, a partner, will also join the firm's management committee, and will work alongside David Wong, partner and co-head of PAG Private Equity. Srivastava will succeed Lincoln Pan, partner and co-head of PAG Private Equity, who is leaving the firm to join as the chief executive officer of Jardine Matheson Holdings Ltd. Lincoln will work at PAG until November this year, the firm said. Srivastava joins other Indian executives at KKR, Blackstone and Warburg Pincus who have taken on prominent leadership positions in global private equity over the last three years. Blackstone's India head Amit Dixit has been leading the firm's Asia PE operations over the last several years. Warburg Pincus and KKR also elevated their respective India heads, Vishal Mahadevia and Gaurav Trehan, to lead the firms across Asia two years ago. 'Nikhil assumes this leadership position with an outstanding track record in deal-making, team leadership, and strategic execution, as well as a deep understanding of the region and ability to manage and grow our portfolio companies,' Shan, executive chairman and co-founder of PAG, said in a statement. Srivastava has scaled PAG's India private equity platform and led large investments in Nuvama Wealth Management and Manjushree Technopack. Before PAG, Srivastava worked across India, Singapore, and the US markets with KKR for nearly a decade. He has also worked at Goldman Sachs and Inphi Corporation. Srivastava holds an MBA from Harvard Business School, a master's in electrical engineering from Stanford, and a bachelor's in electrical engineering from BITS Pilani. He also owns several patents, the firm said. PAG offers three core strategies in credit and markets, private equity, and real assets. The firm manages capital of over 300 institutional fund investors and has over 370 investment professionals. In India, PAG has also invested in companies such as Sekhmet Pharmaceuticals, Acme Formulations and Pravesha.
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Business Standard
5 days ago
- Business
- Business Standard
PAG elevates India head Nikhil Srivastava to co-head of private equity
PAG, one of Asia-Pacific's largest alternative investment firms, has appointed Nikhil Srivastava as Co-Head of its Private Equity business—a move that elevates the current India head to a broader regional leadership role as the firm undergoes a leadership transition. Srivastava, who joined the Hong Kong-based firm in 2019 and currently leads the India private equity franchise, will work alongside David Wong in overseeing PAG's private equity operations. He also joins the firm's Management Committee with immediate effect, according to a company press statement. The leadership reshuffle comes as long-time partner and Co-Head of Private Equity, Lincoln Pan, prepares to exit the firm to become Chief Executive Officer of Jardine Matheson Holdings. Pan will remain with PAG until November, the firm said. Srivastava has played a key role in scaling PAG's India operations, spearheading marquee deals including the acquisition and public listing of Nuvama Wealth Management, and the investment in packaging company Manjushree Technopack. 'Nikhil assumes this leadership position with an outstanding track record in deal-making, team leadership, and strategic execution, as well as a deep understanding of the region and ability to manage and grow our portfolio companies,' said Weijian Shan, Executive Chairman and Co-Founder, PAG. Prior to PAG, Srivastava spent nearly a decade at KKR across India, Singapore, and the US, and earlier held roles at Goldman Sachs and Inphi Corporation. He holds engineering degrees from Stanford and BITS Pilani, and an MBA from Harvard University. PAG manages over $55 billion in assets and employs more than 370 investment professionals across 15 offices globally.
Time of India
5 days ago
- Business
- Time of India
PAG elevates India head Nikhil Srivastava as Co-Head of Private Equity
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel PAG, a leading Asia-Pacific focused alternative investment firm, appointed Nikhil Srivastava , Partner and Head of India Private Equity , as Co-Head of PAG's Private Equity business, according to a company statement. Nikhil will also join the firm's Management Committee, and will work alongside David Wong, Partner and Co-head of PAG Private Equity , to lead PAG's private equity operations Nikhil will succeed Lincoln Pan, Partner and Co-Head of PAG Private Equity, who has accepted a role as Chief Executive Officer of Jardine Matheson Holdings Limited. Lincoln will serve PAG until November this year, it has played a pivotal role in building and scaling PAG's India private equity has led several landmark investments, including the acquisition and public listing of Nuvama Wealth Management , and Manjushree Technopack , one of the largest PE transactions in India this year, among others, it joined the firm in 2019 after working across India, Singapore, and the United States markets with KKR for nearly a decade. Prior to that, he worked at Goldman Sachs and Inphi holds an MBA from Harvard Business School, a master's in electrical engineering from Stanford, and a bachelor's in electrical engineering from BITS Pilani. Nikhil is also the author of several patents. PAG has deployed over $1.7 billion in India since setting up office in 2019. Its major investments include Nuvama Wealth Management, CDMO company Acme Formulations; RK Pharma Inc; and Sekhmet is a leading Asia-Pacific-focused alternative investment firm which manages over $55 billion in capital on behalf of nearly 300 global institutional investors. PAG Private Equity manages four pan-Asian buyout funds and two growth funds with $19 billion of capital under Shan, Executive Chairman and Co-Founder of PAG, said: 'Nikhil assumes this leadership position with an outstanding track record in deal-making, team leadership, and strategic execution, as well as a deep understanding of the region and ability to manage and grow our portfolio companies.'Last year, PAG made one of its largest deals in India by acquiring Manjushree Technopack Ltd, India's largest rigid plastic packaging solution provider. PAG bought Manjushree from the US fund Advent International at a valuation of $1 billion.
