Two new partners at General Atlantic

General Atlantic Partners, the Connecticut-based private equity firm, has awarded partnerships to Vince Feng and Abhay Havaldar in Hong Kong and India respectively.

Vince Feng and Abhay Havaldar, formerly principals in the Hong Kong and India offices of General Atlantic Partners, have both been promoted to partners. The firm has also announced four further promotions to the position of principal.

Hong Kong-based Feng has been an associate, senior associate and principal at General Atlantic since 1998, having previously spent two years at Goldman Sachs as an analyst. He became head of the Hong Kong office when it was established in 1999 and leads the firm’s investment activities in China and East Asia.

Havaldar, who is based in Mumbai, joined General Atlantic in June 2002 having previously been a co-founder and partner of ConnectCapital, a Mumbai and New York-based private investment group focused on technology companies active in India. Prior to that, he was a partner at early-stage venture firm Draper International.

In the US, General Atlantic has two new principals in the form of Ashley Fieglein and Anton Levy. Fieglein, based in Palo Alto, joined as a senior associate in 2002 having previously held various roles at Morgan Stanley. Levy, based in Greenwich, Connecticut, joined in 1998 – initially as an associate and then senior associate – having also been with Morgan Stanley as an investment banker.

The firm has also recruited two new principals in Europe: in London, Jonathan Korngold, who joined in 2001 having worked in Goldman Sachs’ principal investment and M&A groups in London and New York; and in Duesseldorf, Oliver Thum, who also joined in 2001 having been a principal at Munich-based venture firm Earlybird Venture Capital.

General Atlantic is a global investment firm focused on information technology, process outsourcing and communications investments. The firm operates on an ‘evergreen’ basis and aims to invest around $800 million a year. The firm currently has $6 billion under management and typically invests between $25 million and $100 million in exchange for minority positions.