Parag Saxena
Parag Saxena | |
|---|---|
| Born | 27 April 1955 |
| Nationality | Indian |
| Alma mater | IIT Bombay (BTech) University of Pennsylvania (MBA) |
| Occupation | Venture Capitalist |
| Spouse | Usha Saxena |
Parag Saxena (Hindi: पराग सक्सेना; born 27 April 1955) is an Indian investment manager that is Co-Founder and General Partner of Vedanta Capital.[1] He had previously founded Invesco Private Capital, a subsidiary of Invesco, and New Silk Route.
Early life and education
[edit]Saxena earned a B.Tech from the Indian Institute of Technology, an M.S. in Chemical Engineering from the West Virginia College of Graduate Studies and an M.B.A. from the Wharton School of the University of Pennsylvania.[2]
Career
[edit]Saxena started his career at Becton Dickinson as a product manager in 1978.[3] Saxena was subsequently the Managing Partner and founded Invesco Private Capital, a subsidiary of Invesco. Parag, over the course of four years, consistently qualified for Forbes Midas List. Parag was named the 23rd, 38th, 31st and 28th best deal maker in venture capital in the 2006, 2007, 2008 and 2009 lists, respectively.[4][5]
He spent 23 years at Invesco Private Capital.[6] He also worked at Chancellor Capital Management, acquired by Invesco in 1998.[7] He stepped down as managing partner of Invesco Private Capital in April 2006, with the New York Times noting many investors had been leaving the company, and quoting him as noting that conflict among management and lawsuits against Invesco had made it increasingly hard to raise funds.[7]
In 2006, he co-founded New Silk Route with Rajat Gupta and Raj Rajaratnam, as well as Mark Schwartz. The fund closed to investors in late 2008.[6] Raja Gupta filed a lawsuit against Saxena in 2013, alleging Saxena in 2012 started limiting his access to New Silk Route after Gupta had sentenced in 2012 for securities fraud. The lawsuit was dismissed by a judge in 2013 for being irrelevant.[8]
Personal life
[edit]He and Usha Saxena have several children together.[9]
See also
[edit]References
[edit]- ^ Vedanta Capital
- ^ Parag Saxena page, NSR website. Retrieved 2011-03-10.
- ^ Parag Saxena-on Forbes' 2007 Midas List. Nriinternet.com. Retrieved on 2013-07-18.
- ^ The Midas List. Forbes (2009-01-29). Retrieved on 2013-07-18.
- ^ 2009 "Midas 100: Top Tech Dealmakers", p. 4 alpha sort, Forbes, 01.29.09, 6:00 PM ET. No list compiled in 2010 but 2011 perhaps.[dead link]
- ^ a b Ghoshal, Devjyot (21 August 2014), How to run a $1 billion fund after both your co-founders go to jail, Quartz, retrieved 13 April 2024
- ^ a b Richtel, Matt (20 April 2006), Venture capitalists find that when styles collide, companies can get hurt, The New York Times, retrieved 13 April 2024
- ^ Chitnis, Deepak (5 December 2013), Rajat Gupta’s lawsuit against Parag Saxena dismissed by court, American Bazaar, retrieved 13 April 2024
- ^ $10 Million Gift from Saxena Family to Expand the Study of South Asia, Brown University, 23 February 2022, retrieved 13 April 2024