Private equity secondary firm NewQuest Capital Partners (NewQuest) has opened a new office in Mumbai, its third in Asia.
Darren Massara, Managing Partner of NewQuest says: “We are very pleased to announce the opening of our Mumbai office. India has been a core market for us since inception. Over the past two years, we have invested approximately USD200 million in India and expect our investment pace to increase in the near-term. Having a team on the ground further enhances our network of relationships and brings us closer to our portfolio companies.”
In conjunction with the office opening, NewQuest has made some additional hires bringing its team in India to nine. Among these hires is Sachin Khandelwal, who recently joined as a Director and head of Portfolio Management based in Mumbai. He brings with him 15 years of operational and consulting experience, significantly boosting the NewQuest’s operational capabilities. Prior to NewQuest, Khandelwal was Senior Principal at Bain & Company based in Mumbai, where he focused on formulation of strategy, transformation of operations, marketing and sales plans, and profit improvement, with a particular focus on consumer sectors. Khandelwal has also previously spent five years at Hindustan Unilever, holding positions in both sales and marketing, such as Marketing Head of Infant Care products, and has also worked at Monitor Deloitte.
Amit Gupta, Partner and Head of India/SE Asia for NewQuest, says: “Sachin is a seasoned operational professional with hands-on experience working in a Fortune 500 company in both sales and marketing functions. In addition, he has worked with numerous CXOs and private equity firms as a trusted advisor.
“The new Mumbai office and recent team additions will help us to continue to provide liquidity solutions to GPs through direct purchases and LPs through fund restructurings. It will also allow us to become more deeply involved with our portfolio companies and to work closely with our GP partners in the region.”
