The Carlyle Group has promoted Neeraj Bharadwaj, a managing director at the firm, to partner.
He is among the 43 professionals Carlyle promoted to senior positions. The firm has promoted nine to partner, 14 to managing director and 20 to principal/director, according to a statement.
Bharadwaj will still be working closely with Mumbai-based managing directors, Devinjit Singh and Shankar Narayanan, who are part of separate asset class units, Asia Buyout and Asia Growth, respectively.
Bharadwaj joined Carlyle in 2012 as managing director, advising on growth capital and buyout opportunities across sectors in India.
Before joining Carlyle, he was managing director at Accel Partners where he was responsible for growth capital investments in India. Prior to that, he was with Apax Partners for nearly 10 years, as a partner in the US and then as managing director and country head in India. Investments he has led while at Apax include Apollo Hospitals, telco company WiderThan, semiconductor company NXP and others. Before joining Apax, he held various positons at McKinsey & Company, Goldman Sachs and Morgan Stanley.
Carlyle, which has about $188 billion in assets under management globally, has invested up to $3 billion in India as of Feb 2015, including investments in home loan provider PNB Housing Finance, private sector bank South Indian Bank, laboratory operator Metropolis Healthcare and energy services company Magna Energy.
It currently has a fund of $1.04 billion, Asia Growth Partners IV, to enact deals in India, China, South Korea and Japan.