The Indian Venture and Alternate Capital Association (IVCA), an apex industry body for alternative assets, has elected its new executive committee (EC) for the term spanning 2024 to 2026. Ashley Menezes of ChrysCapital has been appointed as the Chairperson of the EC, while Sriniwasan Subramanian (Srini) of Kotak Alternate Asset Managers Limited has been appointed as the Vice-Chairperson.
IVCA’s EC comprises 14 elected members, 7 co-opted members, and special invitees, as determined by the Committee’s discretion. A record 59 nominations from member funds were received this year.
Ashley Menezes, Partner and COO, ChrysCapital, and the new Chairperson of IVCA, said, “The new Executive Committee at IVCA remains steadfast on enhancing the ease of investing, capacity building by mobilizing domestic pools of capital, and maximizing efforts to attract capital to India. The mantra of ‘Amrit Kaal’ sets the stage for key reforms aimed at propelling India's economy forward, and the alternate capital ecosystem will be a crucial enabler of growth, driving investment inflows and overall development.”
Members of the new EC at IVCA are: Amit Jain (Managing Director and Head, Carlyle India Advisors), Ashley Menezes (Partner and COO, ChrysCapital), Gopal Jain (Managing Partner and Co-Founder, Gaja Capital), Karan Bhagat (Founder, MD, and CEO, 360 ONE), Narendra Ostawal (Managing Director and Head of India Private Equity, Warburg Pincus), Padmaja Ruparel (Co-Founder, Indian Angel Network), Prashanth Prakash (Founding Partner, Accel Partners India), Rajan Anandan (Managing Director, Peak XV Partners), and others.
On being elected as the IVCA Vice-Chairperson, Sriniwasan Subramanian (Srini), Managing Director, Kotak Alternate Asset Managers Limited, said, "The industry has evolved into a multi-asset class alternative investment avenue beyond private equity into private credit, real estate, infrastructure, etc. I look forward to continuing this momentum for the industry with the regulators while driving further growth and innovation in the alternate capital industry."
IVCA’s governance initiatives have set new standards for the industry. From the intensive IVCA-ISB Course on Board Responsibilities to the launch of the Startup Governance Navigator report, IVCA has laid the groundwork for ethical leadership and robust governance practices. Collaborating with esteemed institutions, IVCA has facilitated the NISM-Series-XIX-C: Alternative Investment Fund Managers Certification and has been an active partner for the IICA Certification Programme for Start-up Boards.
Similarly, recognising the rise in the number of micro-VCs joining the VC fold in recent years, IVCA launched #VC101, an innovative industry-led peer-to-peer model of knowledge-sharing for first-time fund managers who may struggle with understanding the nuances of investing, tax and legal compliance, and overall fund management.
