Edelweiss AMC appoints Ashish Agarwal as Managing Partner – Private Equity in AIFs

By: |
November 09, 2021 2:38 PM

Agarwal was previously associated with Navis Capital Partners for more than a decade and a half. Since 2015, he was the fund manager of Navis Jockey Fund - an Asian public equities fund with a focus on India, Edelweiss AMC said in a statement.

Edelweiss ARCEdelweiss Financial Services’ stake in the ARC is currently 60%, while CDPQ Private Equity Asia, part of Canada’s pension fund CDPQ, holds 20%.

Edelweiss Asset Management on Tuesday said it has appointed Ashish Agarwal as managing partner – private equity – in alternative investment funds (AIFs) segment.

Agarwal was previously associated with Navis Capital Partners for more than a decade and a half. Since 2015, he was the fund manager of Navis Jockey Fund – an Asian public equities fund with a focus on India, Edelweiss AMC said in a statement.

His investing experience spans private equity and public equity funds; mid-market transactions in India, Europe, the USA, and South East Asia and across sectors.

“Our alternative investment funds focus on unique uncorrelated ideas that complement traditional investments. Innovative companies in sunrise sectors are staying private longer and this is fueling unprecedented demand from both founders and investors for private equity investments,” Radhika Gupta, MD and CEO, Edelweiss AMC said.

“Ashish’s addition to our team will allow us to capitalize on this multi-decade trend through our upcoming fund in private equity space. The proposed strategy will invest in market leaders with strong unit economics in sunrise sectors and take advantage of the attractive valuations many of these businesses trade at today,” she added.

Last month, Edelweiss AMC significantly strengthened the long-only equity mutual funds franchise with the appointment of Trideep Bhattacharya as Co-CIO-Equities, Abhishek Gupta, and Sahil Shah into its equity fund management team.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Fuel-stocking norms for power plants made more flexible
2ICICI Venture partially exits Go Fashion with 5x returns post listing
3McNally Sayaji: NCLAT dismisses Kotak Mahindra Bank’s appeal to set aside insolvency proceedings order