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Vulcan Capital appoints managing director for new Palo Alto office

Vulcan Capital, the Seattle-based investment management firm that oversees philanthropist Paul G Allen’s multi-billion dollar portfolio, has named Abhishek Agrawal as managing director and head of its new Palo Alto office.

 
Agrawal (pictured) will direct Vulcan’s presence in Silicon Valley and focus on expanding the firm’s investments in the internet and technology sectors.
 
Agrawal joins Vulcan Capital from General Atlantic, a global growth equity firm with USD17bn in capital under management, where he has worked since 2005. He has been closely involved in General Atlantic’s investments in the internet and technology sector, including AKQA, Alibaba Group, Bazaarvoice, Dice Holdings, Facebook, Gilt Groupe, Klarna, Network Solutions, and Red Ventures, among others.
 
"We are thrilled to welcome Abhishek as part of the Vulcan Capital leadership team," says Paul Ghaffari, chief investment officer of Vulcan. "Abhishek brings a dynamic investment approach to growth equity that is complementary to our existing efforts in early-stage technology and the later stage buyout markets. His stellar investment record and entrepreneurial approach will help expand our reach in multi-stage technology investments."
 
"It is exciting to join a team that is looking to invest in the world’s brightest ideas and companies that are making a transformational change," says Agrawal. "I am eager to oversee the strategic direction of the firm’s new Palo Alto office and explore new ways to expand Vulcan’s internet and technology growth investments on a global basis."
 
Prior to joining General Atlantic, Agrawal was with Lazard Technology Partners, a technology-focused venture capital firm, where he made several investments in the internet, enterprise software, and communications space. Previously, Agrawal was in Lazard’s investment banking group where he provided mergers and acquisitions-related financial and strategic advisory services to companies in the technology, media, and telecom sectors.
 
Vulcan Capital’s new office will focus on making investments in the USD10m to USD100m size range in internet and technology companies, including mid- to late-stage venture capital, growth equity, recaps, buyouts and strategic public market block investments. Vulcan Capital will have an office in downtown Palo Alto and is planning to hire a full team to work under Agrawal in upcoming months.

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