Monday, 24 October 2016
Last updated 2 hours ago
May 12 2010 | 9:20am ET
A Mumbai-based managing director for private equity firm General Atlantic is striking out on his own.
Raul Rai plans to launch a hedge fund or p.e. fund, VCCircle reports. He was reportedly set to resign from the Greenwich, Conn.-based firm last week.
A new fund headed by Rai would likely be a mid-bracket offering.
“Rai is working on his international stints and experience to pull together a structure, and he should be relatively better-placed than some of his industry peers who, too, are in the market for a maiden fund raise,” a source told VCCircle.
Rai joined General Atlantic in 2005, becoming a managing director two years later. The Harvard Business School alumnus has also done stints at Goldman Sachs and UBS.