PAG, an Asia-Pacific focused alternative investment firm, has appointed Nikhil Srivastava, Partner and Head of India Private Equity, to the role of Co-Head of PAG’s Private Equity business, effective immediately.

Srivastava will also join the firm’s Management Committee, and will work alongside David Wong, Partner and Co-Head of PAG Private Equity, to lead PAG’s private equity operations.

Srivastava has been pivotal to building and scaling PAG’s India private equity platform, leading several landmark investments, including the acquisition and public listing of Nuvama Wealth Management, and Manjushree Technopack, one of the largest PE transactions in India this year, among others.

He joined the firm in 2019 after working across India, Singapore, and the United States markets with KKR for nearly a decade. Prior to that, Srivastava worked at Goldman Sachs and Inphi Corporation. He holds an MBA from Harvard Business School, a master’s in electrical engineering from Stanford, and a bachelor’s in electrical engineering from BITS Pilani. Nikhil is also the author of several patents.

Srivastava succeeds Lincoln Pan, Partner and Co-Head of PAG Private Equity, who has accepted a role as Chief Executive Officer of Jardine Matheson Holdings. Pan will serve PAG until November this year.