Ashish Singh, partner, head of India and South East Asia, real estate at UK-based private equity firm Actis has quit the firm, said sources in the know. Singh could take up an entrepreneurial role after his transition from Actis, sources said. Both have agreed that Singh would stay till end of next year, sources said. Singh could not be contacted for comments. An email sent to Actis on the subject did not elicit any response.
Singh, an alumnus of IIT Delhi, has over 20 years of experience in real estate. He was MD and head of real estate private equity at Standard Chartered before joining Actis. Earlier Actis bought the Asia real estate portfolio of Standard Chartered Private Equity. This is the second instance where senior executive at global investment firms heading real estate at Asia level have quit.
Last year, Chanakya Chakravarti, head of indirect investments, Asia-Pacific, Ivanhoe Cambridge, the real estate arm of CDPQ quit. Actis has several JVs with Indian property developers. It has JV with Tata Realty & Infrastructure which has two assets under construction. Actis also has a JV with Shapoorji Pallonji for mid-income housing under Joyville brand where 12 mn sq ft is under development.
Actis has a JV with Mahindra Lifespaces which has developed residential properties. Recently it announced another venture with Mahindra Lifespaces for industrial Parks. Actis is a global investor in real estate and infrastructure. In October 2024, it joined General Atlantic to create a global platform with $ 87 billion in combined assets under management (AUM).
From: financialexpress
Financial News
