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Warburg Pincus moves to unify Asia operations

Warburg Pincus, one of the world’s oldest private equity firms and a global growth investor, has appointed Vishal Mahadevia to the newly-created role of Head of Asia Private Equity as it looks to unify its operations in China, India, and Southeast Asia.

The initiative is aimed at mirroring the firm’s organisational leadership structure in the Americas and Europe.

With nearly 30 years of investing experience in Asia, Warburg Pincus has committed more than $30bn in China, India, and more recently in Southeast Asia. As the firm continues to expand its regional footprint in Asia and deepen its sector coverage, Warburg Pincus believes it is the right time to unify the management structure to promote greater collaboration, continuity, and risk management, while further scaling the business and growing its investor base across the region.

Warburg Pincus recently closed Warburg Pincus Global Growth 14, with $17.3bn of capital, the largest fundraise in its nearly 60-year history.

Mahadevia, who joined Warburg Pincus in 2006 and was previously Head of India, will retain his role as Co-Head of Financial Service role.

In China, Min Fang and Ben Zhou who joined the firm in 2007 and 2005, respectively, will serve as Co-Heads of China Private Equity, replacing Frank Wei who is stepping down after more than 20 years with the firm, but will remain as a Managing Director through 2024.

In India, Narendra Ostawal who joined the firm in 2007, has been named Head of India Private Equity, while Viraj Sawhney and Anish Saraf who joined the firm in 2005 and 2006, respectively, will both take on expanded roles, as the firm deepens its focus on cross-border business services and industrials activity.

In Singapore, Saurabh Agarwal who joined the firm in 2009, has been appointed Head of Southeast Asia Private Equity. Additionally, the firm previously announced that Takashi Murata will also be joining in early 2024 as Head of Japan, which further extends the firm’s footprint across the region, and co-Head of Asia Real Estate, alongside long-time Warburg Pincus veteran Ellen Ng.

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