Private equity firm Brookfield promotes India-based executive Joshi to lead its Pacific-Asia region in a new role as Head of Private Equity.
Brookfield Asset Management Bolsters Asia-Pacific Presence with Aditya Joshi Appointment
Brookfield Asset Management Inc, a global alternative investment firm, has announced that Aditya Joshi, a seasoned financial services professional with over 25 years of experience, will take on the role of Managing Partner and Head of Private Equity for the Asia-Pacific region.
Joshi joined Brookfield in 2019 as Vice President and has since risen through the ranks, becoming Managing Partner in 2023. Prior to joining Brookfield, Joshi worked with renowned firms such as Apax Partners, Blackstone, and Morgan Stanley. He is a chartered accountant and an MBA graduate from The Wharton School.
Brookfield's decision to appoint Joshi comes as the firm doubles down on its India investments, with plans to triple its investments to $100 billion in the next five years. The firm is betting on India's strong growth prospects and rising demand in the infrastructure and clean energy sectors. Connor Teskey, President of Brookfield, stated, "India presents significant opportunities in infrastructure and clean energy, and we are committed to supporting the country's development in these areas."
The appointment of Aditya Joshi is part of a broader trend of Indian executives taking on regional or global roles at major alternative investment firms. While specific details on executives at Brookfield, KKR, or Warburg Pincus were not found in the search results, it is evident that India's growing prominence in alternative investments is on the rise.
For instance, the National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Indian government, plays a pivotal role in catalyzing global capital into Indian assets. Additionally, Bain Capital—a global alternative investment firm—recently acquired a significant stake in IIFL Wealth, with Karan Bhagat serving as Managing Director and CEO of IIFL Wealth and Pawan Singh as Bain Capital's Managing Director, highlighting Indian leadership in asset management expansions.
Brookfield's investments in India so far include $12 billion in infrastructure assets, $12 billion in real estate, and $3 billion in clean energy projects. The firm's former India head, Anuj Ranjan, was elevated as CEO of its global PE business last year.
As Brookfield continues to expand its presence in the Asia-Pacific region, Joshi's appointment is expected to play a crucial role in driving the firm's growth and success in the Indian market.
- The appointment of Aditya Joshi as Managing Partner and Head of Private Equity for the Asia-Pacific region at Brookfield Asset Management showcases their commitment to investing in the region's business opportunities, particularly in India.
- In light of Brookfield's increased focus on India, with plans to triple investments to $100 billion in the next five years, Joshi's expertise in finance and investing will be instrumental in achieving success in the Indian market.
