Sundip Murthy has joined 3i Group as a principal in its North American growth equity practice. He previously was a vice president with The Carlyle Group and, before that, was with Ripplewood Holdings.
3i, an international leader in private equity, has appointed Sundip Murthy as Growth Capital Principal for 3i North America. This appointment underlines 3i’s commitment to the North American market and its importance within 3i’s international Growth Capital investing strategy.
Sundip will focus on identifying opportunities for Growth Capital investments in the general industrial, consumer, business services, financial services and TMT sectors. In addition, he will be responsible for providing financial and strategic support to portfolio companies to drive their international growth. Sundip joins 3i with an impressive career and track record in private equity investing, and an enviable reputation within the industry. Most recently, Sundip was Vice President at The Carlyle Group where he held key governance and investment execution roles for several consumer and retail transactions. Prior to that, he worked at Ripplewood Holdings, focusing on global private equity investments in the consumer, TMT and industrials sectors. He also worked at Goldman, Sachs & Co. in London and New York in the Principal Investing Area and Investment Banking divisions, respectively, and has also been a strategy consultant at McKinsey & Co.
Commenting on the appointment, Ken Hanau, Managing Partner, 3i North America, said: “We are thrilled to have Sundip join 3i’s New York team. His strong sector knowledge makes him a great fit for 3i’s North American strategy and his experience and track record will prove a great contribution as we continue to see promising investment opportunities from entrepreneurs with international ambitions leading us out of recession and through these challenging markets.”
3i North America is well positioned in the current global downturn, given its focus and expertise on equity investing in growing businesses (Growth Capital) and the massive demand for infrastructure investment, both domestically and in maturing economies like India (3i Infrastructure), as well as its international footprint and the strength of its team, which in addition to Sundip, has recently been bolstered by the appointment of two Associates.