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| ![]() Will India's Macro Slowdown Kill PE Opportunity? (Privcap video)Will India’s macro slowdown spell trouble for its private equity opportunity? With Mukul Gulati of Zephyr Peacock, Sev Vettivetpillai of Aureos Capital, and Parag Saxena CEO of New Silk Route (pt. 2 in a series)
By: Privcap How will India's macro story affect private equity performance? As you will learn from Mukul Gulati, Managing Director of Zephyr Peacock India Management, Sev Vettivetpillai, CEO of Aureos Capital (an Abraaj division), and Parag Saxena, Founding General Partner and CEO of New Silk Route, Indian businesses “have tremendous energy” and enjoy “such a demand for good products or good services” that an economic slowdown should serve as a poor excuse for investment failure. This is the second of a three-part discussion series. The first segment is called "Subcontinental Deal Flow." Topics include the crucial skills that entrepreneurs must have to survive a weak macro story, how economic backdrop does not dictate destiny, worry over a tax policy aimed at foreign capital, the surprising strength of Indian-African business ties, and how trends in the capital markets will affect exit opportunities. View the full video here - http://www.privcap.com/ http://www.youtube.com/ Bios of the Participants: Sev Vettivetpillai CEO Aueros Capital Sev was appointed Chief Executive Officer, Aureos Advisers Ltd (AAL), in June 2004. Prior to this, he was the Investment Director of AAL, ensuring that a streamlined investment process focusing on quality control was followed by all Aureos investment executives. This proprietary investment process was developed by Sev following nine years of experience in making private equity investments. He was also instrumental in applying portfolio development and management theory to private equity investment across the Aureos Group. Sev is a member of all the Investment Committees of the Aureos Regional Funds. Prior to joining Aureos, Sev was a Senior Investment Executive at CDC Group plc, after having served three years in CDC’s fund management company in Sri Lanka (Ayojana Fund Management) as an Investment Manager responsible for originating, evaluating, executing and monitoring private equity deals. Sev’s other appointments were at Vanik Incorporation (Sri Lanka) as a Portfolio Manager, City Financial Partners (UK) as a Consultant, and Mott Macdonald Group (UK) as an Engineer. Sev was awarded the designation of Chartered Financial Analyst (CFA) in 2001 and he holds a BEng. (Hons) in Civil Engineering from Imperial College of Science, Technology and Medicine, UK. Parag Saxena Founding Partner, CEO New Silk Route Partners Parag Saxena is Founding General Partner and the CEO of New Silk Route Partners who also co-founded Vedanta Capital LLC, in 2006. Previously, he was CEO of INVESCO Private Capital; one of the oldest and largest venture capital firms in the US. During his 28-year tenure there were over 300 investments made, including, Amgen, Celgene, Costco, MetroPCS, PictureTel, Polycom, Staples and Starbucks. These investments have led to the creation or building of companies which have created over 500,000 jobs and enjoy a market value exceeding $500 billion. In addition to being an original investor in iconic companies such as Starbucks, Amgen, Polycom and Whole Foods, Parag led more than 90 investments for Chancellor and INVESCO Private Capital, a third of which have gone public. These investments include Amber Networks, Masimo, MetroPCS, Xenon Pharmaceuticals, as well as several companies which have gone public, including Alkermes, ARM Holdings, Celgene, Genomic Health, Indigo, Transgenomic and Volterra Parag is a multi-year member of Forbes’ Midas list (2006-2009) which ranks the World’s best global investors. Parag has served on committees advising the Prime Minister of India on foreign direct investments and venture capital for the Planning Commission of India. Parag has provided recommendations on small business and venture capital to representatives of the US Congress. He is also a Director of the Indian Institute of Technology, Bombay, Heritage Fund as well as a Trustee of the Bharatiya Vidya Bhavan. He is on the Advisory Board of the Center for Advanced Studies on India at the University of Pennsylvania and is on the Indian Advisory Council of Brown University. Parag has been the President of TiE Tri-State (NY, CT, NJ) from 2003 to 2010. He is also on Mayor Bloomberg’s Applied Sciences NYC Advisory Committee. Parag received an M.B.A. from the Wharton School of the University of Pennsylvania. He earned a B.Tech from the Indian Institute of Technology and an M.S. in Chemical Engineering from the West Virginia College of Graduate Studies. Mukul Gulati Managing Director Zephyr Peacock India Management Mukul Gulati is the Managing Director for Zephyr Peacock India Management. Mukul performs deal origination, evaluation, structuring and portfolio monitoring activities for Zephyr’s India Private Equity Funds and is responsible for overall leadership of Zephyr’s Bangalore office. Mukul serves on the Boards of Miles Software, WLC India, Metro Wireless, Trimax IT Infrastructure and Services Ltd and Aizant Research. Mukul has more than 15 years of experience in the investment business including private equity, investment research and general management. He has extensive experience in corporate M&A and due diligence activities. Previously, he worked at Multex and Reuters, where he was in senior leadership roles and co-founded an equity research product now widely used by institutional investors. Mukul received an MBA with honors from Columbia University Graduate School of Business. He is a cum laude graduate of the University of Maryland, where he was a Dean’s Scholar at the Department of Economics. End
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