Lehman Appoints New Head Of P.E., India

Jun 13 2007 | 2:18pm ET

Lehman Brothers has appointed Jayanta Banerjee as managing director and head of private equity (excluding real estate) and growth capital in India. Based in Mumbai, he will report jointly to Tarun Jotwani, chairman and CEO, India, and Christopher Manning, head of the investment management division, Asia.

In his new role, Banerjee will be responsible for managing Lehman’s growth capital principal investments and will work closely with members of the various global p.e. funds. Prior to joining Lehman, Banerjee was a member of the investment committee of ICICI Venture’s US$810 million India Advantage Fund Series 2and played a role in the firm’s fundraising efforts.

“With corporate profit growth in the mid-twenty percent range, and p.e. investments growing at a rate of more than 100% in India, we are very pleased to have someone of Jayanta’s caliber leading this effort for us,” said Jotwani.


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