The Rise Fund head of communications Frank Thomas told Agri Investor of the change in an email. Thomas declined to comment on the reason for Basu’s departure.
“Joy, actually, is leaving the Rise Fund, so we actually don’t have someone who is specifically focused on agriculture at exactly this moment,” said Thomas. “She is going to continue to be a senior advisor to us. It’s not really my place to talk about what her career trajectory is.”
Thomas added Basu’s advisory role will be focused on The Rise Fund.
A fund manager said The Rise Fund had considered investing in one of their firm’s portfolio companies told Agri Investor they understood Basu may also have some responsibilities related to TPG Growth.
Basu joined TPG Growth as a vice-president and chief of staff in 2015 after completing an MBA from Stanford that year.