Indian diversified investor Tata Capital has named Padmanabh Sinha as managing partner of its Opportunities Fund following Mukund Rajan’s recent promotion.
Rajan was appointed chief ethics officer and brand custodian for Tata Group, but will remain on the Opportunities Fund advisory board.
Bobby Pauly has also been promoted to partner from principal, and forms the fund’s leadership team alongside Sinha and Rajesh Singhal.
Sinha has 16 years of private equity, entrepreneurial and investment banking experience, and joined the Opportunites Fund in 2011.
He was previously managing director for Temasek in India having helped found the team in mid-2004.
Prior to Temasek Sinha was with ICICI Venture, the private equity business sponsored by ICICI Bank.
Tata hit a $550m second close on the Opportunities Fund in October 2011 and is hoping to raise a total of $1bn.
The fund, which began marketing in November 2010, achieved its first closing in April 2011 on $450m.
Opportunities Fund intends to provide long-term investors with access to Indian private equity opportunities, both from within the Tata companies, as well as from outside.
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