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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Morgan Stanley Private Equity hires Aluri Rao to head new India team25/04/2008. Source: AltAssets. 
Morgan Stanley Private Equity has hired former ICICI Venture director of private equity Aluri Srinivasa Rao to lead the firm's newly established India presence. Rao joins from ICICI Venture. Prior to ICICI, he held senior positions in a number of Indian pharmaceutical companies, including Ranbaxy and Natco Pharma.
Chin Chou, Hong Kong-based managing director and CEO of MSPE Asia, said, 'Building on our successful track record in China and Korea, and across other markets in Asia, we are excited to be entering the India market. We see significant investment opportunities and are delighted to have attracted a world-class professional such as Aluri to join the regional team and to run our private equity platform in India.'
MSPE Asia will invest in India through its third Asia-dedicated private equity fund, the $1.5bn Morgan Stanley Private Equity Asia III Fund, which closed in the third quarter of 2007.
'Private equity will form a critical component of our India platform,' added Narayan Ramachandran, managing director and country head of Morgan Stanley in India. 'Clients look to us not just for our advisory capabilities, but also for capital. Through our principal investing platforms and through the funds we manage, which in India will now include private equity, we are partnering with successful growth companies across India.'
MSPE Asia is part of Morgan Stanley's global private equity business within Merchant Banking, a division of Morgan Stanley Investment Management.
Merchant Banking sponsors traditional private equity funds, infrastructure-focused funds, and a real estate investing platform.
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