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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...