IIFL Wealth and Asset Management (IIFL WAM) has announced the appointment of Mr. Anshuman Goenka as the Head of Private Equity (PE) with effect from August 23, 2021. In this role, Mr. Goenka will be spearheading the Private Equity practice and work towards identifying new growth opportunities for the business in the unlisted space.
He has earlier worked with Investcorp (where he led investments in healthcare and financial services), Standard Chartered PE and Baer Capital Partners. Prior to his PE career, he also worked at BCG, Accenture and Rabo India.
Karan Bhagat, Founder, MD & CEO, IIFL Wealth and Asset Management (IIFL WAM), said, “Private equity is an important growth area for IIFL Asset Management (IIFL AMC). We are truly pleased to welcome Anshuman to lead private equity at IIFL AMC. His experience across multiple business cycles, wide range of sectors, a strong network in the deal ecosystem and especially thought leadership, will add immense value to our organisation, which is gearing to be a leader in the PE space.”
Anshuman Goenka, Head, Private Equity, IIFL AMC, said, “IIFL Wealth & Asset Management is an example of professionals turning successful entrepreneurs. IIFL AMC has acquired meaningful scale with more than US$2 bnassets under management in unlisted equity from Indian family offices and high net worth individuals (HNWIs). I am excited by the opportunity to scale this business with the support of a dynamic team, which has an enviable track record.”
About IIFL Asset Management
IIFL Asset Management (IIFL AMC) is a part of IIFL Wealth and Asset Management. IIFL AMC is an India-focused global asset management firm. Its differentiated product suite includes mutual funds (MFs), portfolio management services (PMS) and alternate investment funds (AIFs) spanning across public and private equity, fixed income, and real estate. IIFL AMC has been playing a pivotal role in the growth of the AIF industry in India.
IIFL Private Equity is a part of IIFL Asset Management (IIFL AMC) and has been active in the private equity ecosystem since late 2015. Across multiple strategies, IIFL Private Equity manages an AUM of more than US$2 bnfrom early-stage to late-stage investments across Consumer, Technology, Financial Services and Healthcare space. In a span of 5 years, IIFL Private Equity Fund has made investments in multiple unicorns in India and has also generated exits from few of their portfolio companies.
About IIFL Wealth & Asset Management
IIFL Wealth & Asset Management (IIFL WAM), is one of the leading wealth and alternate asset management companies in India. IIFL Wealth & Asset Management is the investment and financial advisor to more than 6700 influential families in the High Net Worth Individuals (HNI) and Ultra HNI segments, with aggregate assets of more than USD 38 billion under management.
IIFL WAM is one of the pioneers in the industry to bring about product innovations. The company was won more than 115 other awards of repute since its inception in 2008, including the prestigious Best Investment Management Services and Best Innovative Technology Adoption awards for India in the Euromoney Private Banking and Wealth Management Survey 2021. At the Global Private Banking Innovation Awards 2021, it has received awards for the Most Innovative Wealth Management Service, Outstanding Estate Planning Advisory and Themed Investment Proposition.
Headquartered in Mumbai, IIFL Wealth & Asset Management has more than 800 employees and a presence in 4 major global financial hubs and 23 locations in India.