General Atlantic’s Rai Planning Hedge Or P.E. Fund

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note