Kapur will be based in Mumbai and will take up his new charge at TPGV with effect from February 2007. He will focus on expansion stage, smaller buyouts and growth-oriented investments with a size up to $75 million. Kapur will also be responsible for the same segment in Japan, Australia and parts of Southeast Asia.
TPG made a high profile hire in mid 2005 when it brought on board Vivek Paul, former CEO of Wipro Technologies, as a partner based in the Silicon Valley. Paul's job is to identify deals in technology and life sciences. Paul says the firm intends to keep building the India team, in order to target expansion-stage and growth-oriented companies.
TPG Newbridge already has a presence in India through Puneet Bhatia, managing director, who looks at buyouts and large strategic transactions. India investments completed to date are Matrix Laboratories and Shriram Finance.
TPGV is the growth fund of TPG managing more than $1 billion of capital and focused on technology, biotechnology and consumer companies. It has offices in San Francisco, Menlo Park, Hong Kong, and Mumbai.
Kapur was one of two managing directors at Intel Capital in Asia (the strategic investment division of Intel Corporation) covering India, Japan, Southeast Asia and Australia. Kapur joined Intel Capital in 2000 from AIG Investment Corporation where he was director of direct investment. Kapur started his career at Bank of America.
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