Tata Capital, the financial services unit of the $83.6 billion Tata Group, has appointed Joe Sovran for its private equity business, VC Circle reports. Based in London, he will serve as vice president, international business, and will help the firm’s PE arm raise funds from global investors.
Most recently, Sovran was a partner with Capvent, a Swiss private equity fund of funds focused on Asia. Tata Capital has raised $800 million for its private equity fund business and intends to raise $1 billion by next year.
Click here for the story from VC Circle.