PAG, a leading Asia-Pacific focused alternative investment firm, announced that Nikhil Srivastava, Partner and Head of India Private Equity, has been appointed as Co-Head of PAG’s Private Equity business, effective immediately. Srivastava will also join the firm’s Management Committee and will work alongside David Wong, Partner and Co-head of PAG Private Equity, to lead PAG’s private equity operations.
Srivastava will be succeeding Lincoln Pan, Partner and Co-Head of PAG Private Equity, who has accepted a role as Chief Executive Officer of Jardine Matheson Holdings. Lincoln will be serving PAG until November this year.
Srivastava has played a significant role in building and scaling PAG’s India private equity platform. And he has led several landmark investments, including the acquisition and public listing of Nuvama Wealth Management, and Manjushree Technopack, one of the most significant PE transactions in India this year, among others.
Srivastava joined the firm in 2019, having worked across India, Singapore, and the US markets with KKR for nearly a decade. Before that, he worked at Goldman Sachs and Inphi Corporation (NYSE: IPHI). Srivastava holds an MBA from Harvard Business School, a master’s in electrical engineering from Stanford, and a bachelor’s in electrical engineering from BITS Pilani. And Srivastava is also the author of several patents.
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“Nikhil assumes this leadership position with an outstanding track record in deal-making, team leadership, and strategic execution, as well as a deep understanding of the region and ability to manage and grow our portfolio companies.”
“Lincoln is a talented investor, a trusted leader and a close friend,” said Shan. “I know that the decision to leave PAG has been a difficult one for him, but the allure to make a difference as a Chinese Taipan of a venerated conglomerate, first ever in its nearly 200 years of history and indeed the history of Hong Kong, and to be able to spend more time with his family proved irresistible. I am sure there will be things we will be doing together. We wish him all the best in his new endeavors.”
Weijian Shan, Executive Chairman and Co-Founder of PAG
