New Delhi, May 22 -- A senior executive at HQ Capital, a global independent alternative investment manager, has quit the firm after nearly a decade, at least two people familiar with the development told VCCircle.
HQ Capital, which has five offices across Asia, Europe and the US and employs more than 80 professionals, has recently seen the departure of Amit Dabas, a director responsible for the firm's India and Southeast Asia operations.
Dabas is said to have stepped down last month and is currently on "gardening leave", the people cited above said.
An email sent to HQ Capital remained unanswered till the time of publishing this article.
Dabas, an alumnus of IIT Delhi, joined HQ Capital in 2017. Prior to that, he worked as a director at Creador and Guggenheim Partners, and also held operating roles at Ericsson and Tata Consultancy Services.
Founded in 1989, HQ Capital is understood to have backed several Indian private equity funds as a limited partner (LP). The asset manager has reportedly committed $13.3 billion across primary, secondary and co-investment strategies so far. It has also invested around $9 billion directly in primary transactions.
According to its website, the firm has made 969 private equity investments, including commitments to 315 fund managers across continents.
Published by HT Digital Content Services with permission from VC Circle.