Saturday, 23 May 2015
Last updated 22 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…