Mayank Tiwari, director and head of KKR Capstone India, is leaving after a fouryear stint at the KKR unit responsible for creating value in the portfolio companies of the global investment firm.Tiwari, a management graduate in finance and strategy from Wharton, was responsible for operating more than $2 billion of private equity and some distressed asset portfolio of KKR in India. His team worked in financial services companies such as Magma Fincorp and Avendus Capital, and hospital chain Radiant Life Care. KKR exited Magma Fincorp with huge returns, while Radiant Life Care is planning to bid for Fortis Hospitals for which offers have been called by its board.
Tiwari confirmed that he was leaving the firm. He is joining a global conglomerate operating in India, Asia and the Middle East to manage its multibilliondollar portfolio of consumer and logistics assets, Tiwari said, but declined to name the firm citing confidentiality terms.
Tiwari joins a list of private equity fund managers who leave their fund to pursue alternative careers backed by their experience gained at the fund. Shankar Narayanan, Devinjit Singh and Manoj Dengla of Carlyle; Niten Malhan and Nitin Nayar of Warburg Pincus; and Mathew Cyriac of Blackstone are some of the high-profile fund managers who left the funds where they worked to become entrepreneurs.