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Venture firm New Enterprise Associates makes promotions

15 Oct 2009

Global venture capital firm New Enterprise Associates has promoted Ravi Viswanathan to general partner. Viswanathan focuses on energy and growth equity IT investments, as well as the firm's activities in India.

Before joining NEA in 2004, Viswanathan worked at Goldman, Sachs & Co where he was co-head of their private equity group’s technology practice and led direct, fund, and secondary investments in the areas of IT and life sciences.

Peter Barris, managing general partner of NEA, said, “Ravi has demonstrated tremendous leadership within NEA’s energy and IT growth equity practices, playing an integral role in several highly successful exits and leading investments in some of the key value drivers in the firm’s portfolio. His depth of expertise across several sectors adds considerable strength both at the portfolio level and with respect to NEA’s overall investing strategy.”

The firm also promoted Frank Torti, MD, to principal. Dr Torti joined NEA in 2007 and is focused on both private and public investing activities within the firm’s healthcare practice.

Founded in 1978, NEA manages $8.5bn in capital and has offices in the US, Bangalore and Mumbai in India, and Beijing and Shanghai in China.

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