New Silk Route

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New Silk Route partners
Type Private
Industry private equity
Predecessors Taj Capital
Founded 2006 (2006)[1]
Founders Rajat Gupta
Parag Saxena
Victor Menezes
Headquarters New York, United States
Mumbai, India
Bengaluru, India
Dubai, United Arab Emirates[2]
Key people Parag Saxena (CEO)
Victor Menezes
Products Private equity, Growth capital
AUM $1.4 billion
Website www.nsrpartners.com

New Silk Route ("NSR" or New Silk Route Partners LLC) is a $1.4-billion private equity firm that invests in private companies in India, Asia, and the Middle East.[3]

History[edit]

New Silk Route was initially named Taj Capital. Its founding team included, at various points (alphabetically):[4] [5]

Messrs. Kumar, Rajaratnam, and Schwartz resigned as founding partners before the firm began operation.

Messrs. Gupta, Kumar, Menezes, Rajaratnam, and Saxena have all, at various points, been target of or found guilty in U.S. criminal or civil law enforcement investigations.

The firm enjoyed close relationships with both Goldman Sachs and the Galleon Group: "A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam."[6] According to Fortune, "New Silk Route's original fundraising was for $2 billion (under the name Taj Capital) -- and [...] the first $600 million or so went into Galleon hedge funds."[7]

Leadership Team[edit]

  • Anand Dorairaj, Partner
  • Darius Pandole, Partner
  • Jacob Kurian, Partner
  • Jens Yahya Zimmerman, Partner
  • Parag Saxena, CEO & Founding General Partner
  • Sanjeev Chachondia, Operating Partner
  • Shantanu Nalavadi, Partner
  • Vivek Sett, Partner

Senior Operating Partners[edit]

The fund formed a strategic advisory board in January 2012 comprising:[8]

Investments[edit]

In 2010 NSR invested in:

In 2008 NSR invested in:

In 2007 NSR invested in:

  • Reliance Telecom Infrastructure[16]
  • Ascend Telecom[17]

References[edit]

  1. ^ Leading Asia-focused growth capital firm | NSR. Nsrpartners.com. Retrieved on 2013-07-18.
  2. ^ Offices | NSR. Nsrpartners.com. Retrieved on 2013-07-18.
  3. ^ ‘The question is how much venture capital India can absorb' | Business Line. Thehindubusinessline.com. Retrieved on 2013-07-18.
  4. ^ Scannell, Kara. (2011-03-17) Insider trading trial star witness challenged. FT.com. Retrieved on 2013-07-18.
  5. ^ Galleon head, McKinsey ex-chief built ties in '06 - Economic Times. Articles.economictimes.indiatimes.com (2009-10-31). Retrieved on 2013-07-18.
  6. ^ Goldman Sachs board members do lots of business with the firm’s clients « Dealbreaker: Wall Street Insider – Financial News, Headlines, Commentary and Analysis – Hedge Funds, Private Equity, Banks. Dealbreaker.com (2010-04-16). Retrieved on 2013-07-18.
  7. ^ Primack, Dan. Alleged inside trader is more than a "consultant" and ex-Goldman director. Fortune. March 1, 2011.
  8. ^ New Silk Route Forms Strategic Advisory Board To Help Portfolio Cos. VCCircle (2012-01-09). Retrieved on 2013-07-18.
  9. ^ NSR invests in Coffee Day Resorts | Business Line. Thehindubusinessline.com (2010-04-20). Retrieved on 2013-07-18.
  10. ^ "New Silk route invests in Nectar Lifescience", Mosaic Media Ventures Private Limited Copyright 2008 VCCircle.com; via Reuters. March 5, 2010 6:01pm IST. Retrieved 2011-03-10.
  11. ^ Woody, Todd. (2010-04-21) A Big Bet on Solar Technology - NYTimes.com. Green.blogs.nytimes.com. Retrieved on 2013-07-18.
  12. ^ New broadband service Augere to focus on developing nations. Telecompaper (2009-07-20). Retrieved on 2013-07-18.
  13. ^ Beaconhouse School System | NSR. Nsrpartners.com. Retrieved on 2013-07-18.
  14. ^ http://www.viewsjournal.com/business-news/69-dhanlaxmi-bank-to-increase-stake-in-destimoney-securities.aspx. Views Journal. Retrieved on 2013-07-18.[dead link]
  15. ^ New Silk Route eyes exit in Ortel Communications IPO | Reuters. In.reuters.com. Retrieved on 2013-07-18.
  16. ^ [1][dead link]
  17. ^ Telecom News Bulletin: New Silk Route's Ascend Telecom, India Telecom Infra Merge. Telecombulletin.blogspot.com (2011-03-02). Retrieved on 2013-07-18.

Further reading[edit]

External links[edit]