According to the bank website, "True North is one of India's leading and well-regarded private equity fund managers. The manager of True North Fund I, True North Ventures Private Limited, was established in 1999 with Mr. Vishal Nevatia as chief executive officer and managing partner. Over the years Mr. Nevatia has built a stable, cohesive investment team of 20 seasoned professionals who have worked on the various True North funds that include up to seven investment managers who focus on deal origination and structuring, relationship management and exits, and up to 13 business managers who focus on due diligence of new investment opportunities and operational engagement with portfolio companies. Since 2000, True North has raised more than $1.9 billion through five fund vehicles and co-investment opportunities. It is one of the few private equity fund managers in India with expertise in executing control-oriented, expansion capital transactions in the middle market segment."
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Mahmud, Farshed
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The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main