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Private equity firm ChrysCapital Investment Advisors, which manages funds of over $2 billion in the country, is going to see changes in its management structure in the next 18 months.
It will also float its sixth fund in India, around the same time.
Senior Managing Director, Mr Ashish Dhawan, who has been the CEO of the investment advisory since its inception in 1999, has announced his intention to leave the company in July 2012 to work in the not-for-profit education sector.
He will, however, continue part time to engage with the investment recommendations made in the first five funds during his tenure.
The Managing Director, Mr Brahmal Vasudevan, who has been looking at the firm's investments in the manufacturing sector for over a decade, is also leaving in August this year to return to his homeland Malaysia.
Six partners
This would mean that ChrysCapital redistributes work among the remaining six partners — Mr Ashley Menezes, Mr Gulpreet Kohli, Mr Kunal Shroff, Mr Sanjay Kukreja, Mr Ravi Bahl and Mr Sanjiv Kaul.
“We plan to pursue a ‘collective equal leadership' pattern,” announced Managing Director, Mr Kaul, giving details on the portfolio of each of the partners. As co-founder of the firm, till now Mr Dhawan had taken on the CEO role in the organisation, with each partner in charge of a variety of sectors.
Commenting on the consensual equal leadership pattern going to be pursued, Mr Dhawan said, “Umpteen firms like ours in the US and elsewhere have been following the collective leadership model extremely successfully. In any case, there has never been one person making decisions on investments in ChrysCapital. In the last 10 years, we have distilled the consensus approach.”
Sixth fund
The sixth fund, to be launched mid-2012, would be small and look at investments in mid-size deals typically of $25-75 million. Though the firm did not divulge how much it would raise, investments would come from the same geographies – the US, Europe and Asia.
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