Opalesque Industry Update: Anand Prasanna will be joining Morgan Creek in December of 2012 as a Director on the global investment team; he will be based in the firm's Shanghai office. As part of Morgan Creek's Asia team, Mr. Prasanna will be covering firm's activities in private investments in Asia with a particular focus on India.|
Prior to joining Morgan Creek, Mr. Prasanna was a senior investment professional at Squadron Capital, a Hong Kong-based private equity group focused on the Asia Pacific region. He has had extensive work experience, including high profile firms McKinsey and Sequoia Capital in India, where he was able to build a strong local network amongst companies, entrepreneurs and investors. Mr. Prasanna's addition to Morgan Creek's growing Asian team in Shanghai (now numbering 8 investment professionals) further strengthens the firm's investment platform and presence.
Morgan Creek, founded in 2004 and led by Mark W. Yusko, established a local regional presence in 2007 with a focus of investing in private equity funds in developing Asia. Today, the Morgan Creek Asia investment team is one of the largest and most established groups executing locally in Mainland China. The team has successfully deployed Morgan Creek Partners Asia, an institutional fund of funds, backed by a consortium of sophisticated public and private investors, including pensions and endowments. "We look forward to continuing to build out our local and regional presence and think Anand will be a great addition and expect him to enhance our investment capabilities in the region," said Jason Zhang the Partner who leads the Shanghai based private assets operation.