Company type | Private |
---|---|
Industry | Private equity |
Predecessor | Taj Capital |
Founded | 2006[1] |
Founder | Rajat Gupta Parag Saxena Victor Menezes |
Headquarters | New York, United States Mumbai, India Bengaluru, India Dubai, United Arab Emirates [2] |
Key people | Parag Saxena (CEO) Victor Menezes |
Products | Private equity, growth capital |
AUM | $1.4 billion |
Website | nsrpartners |
New Silk Route Partners LLC (NSR) is an Indian private equity firm that invests in private companies in India, Asia, and the Middle East. [3]
New Silk Route was initially named Taj Capital. Its founding team included, at various points (alphabetically): [4] [5]
Kumar, Rajaratnam, and Schwartz resigned as founding partners before the firm began operation.
The firm enjoyed close relationships with both Goldman Sachs and the Galleon Group: "A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam." [6] According to Fortune, "New Silk Route's original fundraising was for $2 billion (under the name Taj Capital) -- and [...] the first $600 million or so went into Galleon hedge funds." [7]
The fund formed a strategic advisory board in January 2012 comprising: [8]
In 2007, it invested in Reliance Telecom Infrastructure [9] and Ascend Telecom. [10] In 2008, it invested in Augere, [11] Beaconhouse School System, [12] Destimoney, [13] and Orissa Television Communications. [14] In 2010 NSR invested in Café Coffee Day, [15] Nectar Lifesciences, [16] and Amonix. [17]
In 2013 it invested in Moshes Fine Foods. [18] It had large stakes in 9X Media and Ascend Telecom Infrastructure as of 2016. Its other investments at the time included VRL Logistics, Rolex Rings, KS Oils, Varsity Education Management and Vasudev Adiga’s Fast Food. [18]
In the field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. Private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.
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Parag Saxena is an Indian investment manager that is Co-Founder and General Partner of Vedanta Capital.
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The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta. In these proceedings, the men were confronted with insider trading charges: Rajaratnam was convicted, Kumar pleaded guilty and testified as key witness in the criminal trials of Rajaratnam and Gupta, and Gupta was convicted in United States District Court for the Southern District of New York in Manhattan in June 2012.
Emanuel Alberto Pleitez is an American politician and investor, best known for his candidacy in the 2013 Los Angeles mayoral election. Born and raised in South and East Los Angeles, Pleitez was the first of his family to attend college, graduating from Stanford University in 2006. Emanuel is a combat veteran and continues to serve in the United States Army Reserve. Emanuel is currently the Chairman of the Hispanic Heritage Foundation and Founder of East Los Capital, a technology-enabled private equity firm based in Los Angeles.
Rajarengan "Rengan" Rajaratnam is a hedge fund manager. He is the founder of hedge fund Sedna Capital and the younger brother of convicted hedge fund founder Raj Rajaratnam. He was arrested for securities fraud in March 2013. His trial in New York City began in June, 2014 but he was found not guilty by the jury in July 2014.
VCCircle, founded in 2005, is an Indian information services group with presence in online business news, data, events and training for private equity and venture capital fund managers, entrepreneurs, investment bankers, corporate executives and lawyers. It currently employs about 100 people and is owned by the New Delhi-headquartered Mosaic Media Ventures Private Limited with offices in Okhla in Delhi-National Capital Region, Mumbai and Bengaluru. The company was acquired in 2015 by News Corp, and later by HT Media Limited in 2020. Leslie D'Monte joined as the Executive Editor of VCCircle and TechCircle in August, 2021.
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