New Delhi, Aug. 11 -- Canadian alternative investment firm Brookfield Asset Management Inc has named Aditya Joshi as managing partner and head of private equity for the Asia-Pacific region.
Joshi, who was managing partner of private equity and head of India at Brookfield until June, joined the firm in 2019 as vice president and rose through the ranks over the years to become managing partner in 2023.
Joshi, who updated his new designation on social media late last week, has more than 25 years of experience in the financial services sector and has worked with Apax Partners, Blackstone and Morgan Stanley in the past. He is a chartered accountant and an MBA graduate from The Wharton School.
Joshi is the latest India executive at global alternative investment firms to take on regional or global roles.
American private equity firm KKR last year elevated its India head Gaurav Trehan to lead its Asia operations. In 2023, Warburg Pincus elevated its India head Vishal Mahadevia as head of Asia private equity. In 2021, Blackstone's Amit Dixit, who was earlier managing director and head of India private equity, was elevated to the post of Asia PE head.
Brookfield itself elevated its former India head Anuj Ranjan as CEO of its global PE business last year.
The Canadian firm's president Connor Teskey recently said that the firm would triple its India investments to $100 billion in the next five years as it bets on the country's strong growth prospects and rising demand in the infrastructure and clean energy sectors. Brookfield, in recent years, has doubled down on India investments and has invested $12 billion in infrastructure assets, $12 billion in real estate and $3 billion in clean energy projects.
Published by HT Digital Content Services with permission from VC Circle.