| Type | Private |
|---|---|
| Industry | Private Equity |
| Founded | 2006[1] |
| Headquarters | New York, United States Mumbai, India Dubai, United Arab Emirates[2] |
| Key people | Rajat Gupta, Chairman (on leave) Parag Saxena, CEO Victor Menezes,Senior Advisor |
| Products | Private equity, Growth capital |
| AUM | $1.4 billion |
| Website | www.nsrpartners.com |
New Silk Route Partners (NSR Partners LLC) is a $1.4-billion Asia-focused private equity firm focused on India, Asia, and the Middle East.
Contents |
New Silk Route was initially named Taj Capital. Its founding team included, at various points (alphabetically):[3]
Messrs. Kumar, Rajaratnam, and Schwartz resigned as founding partners before the firm began operation.
Messrs. Gupta, Kumar, Menezes, Rajaratnam, and Saxena have all, at various points, been target of or found guilty in U.S. criminal or civil law enforcement investigations.
The firm enjoyed close relationships with both Goldman Sachs and the Galleon Group: "A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam."[4] According to Fortune, "New Silk Route's original fundraising was for $2 billion (under the name Taj Capital) -- and [...] the first $600 million or so went into Galleon hedge funds."[5]
In 2010 NSR invested in Café Coffee Day.[6]
In 2010 NSR made an investment in Nectar Lifesciences [7]
NSR has also invested in Reliance Telecom Infrastructure.[5]