Padmanabh Sinha, former managing partner at Tata Opportunities Fund, has joined the National Investment and Infrastructure Fund (NIIF) as executive director and chief investment officer of its direct private equity vehicle. Sinha will lead the NIIF Strategic Opportunities Fund (SOF), one of the largest funds focused on India with a target corpus of more than $2 billion. India’s sovereign wealth fund NIIF manages over $4.5 billion of equity capital commitments across its three funds—Master Fund, Fund of Funds and SOF. Sinha is joining NIIF after a brief entrepreneurship stint wherein he had floated a growth-stage private equity firm, LaunchBay Capital, late last year. He set up the venture after quitting as the managing partner at Tata Opportunities Fund.

Source: Mint May 17, 2021 19:41 UTC