The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 17 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.