A vice president in The Carlyle Group’s Mumbai office has left the firm to join fellow private equity giant Blackstone as a principal, Private Equity International has learned.
Mukesh Gulraj Mehta joined Blackstone in August, according to his LinkedIn profile. The only other principal in Blackstone’s Mumbai office, Vikas Khadloya, is focused on real estate, according to New York-based Blackstone’s website. Overall, the Mumbai office has nine investment professionals, five of whom are focused on private equity, including Mehta.
A source familiar with the matter told PEI Mehta is filling a newly-created role.
Mehta was most recently a vice president focusing on Asia buyouts in Carlyle’s Mumbai office. At Carlyle, Mehta was part of a 10-person investment team with two vice presidents, including him, according to Carlyle’s website.
Mehta joined Carlyle in 2006 and left in July. Prior to working at Carlyle, he was an analyst at Citigroup between 2004 and 2006, and an accountant at PwC between 2001 and 2004, according to his LinkedIn page.
His departure from Carlyle follows a series of personnel changes across the firm this year. Last month, Carlyle added Brian Wilson, chairman of Australia’s Foreign Investment Review Board, as a senior advisor to its Asia buyout team.
In the US, the firm appointed Sandra Horbach co-head of its US buyout team, making her the first woman at the firm to lead a core business. Carlyle also named two co-heads, John Redett and Brian Schreiber, to lead its financial services team to replace Olivier Sarkozy. Sarkozy had resigned from the firm in May.
Earlier in the year, Carlyle managing director Mitch Petrick stepped down to launch his own investment management company, while staying on as one of the firm’s senior advisors.
Blackstone declined to comment on the appointment, and Carlyle was not available to comment.