Warburg-Runwal joint venture names Vrushank Mehta as new CIO

The New York-based private equity major Warburg Pincus LLC is sharpening its focus on India growth and the firm’s $1-billion retail investment joint platform with Runwal Group has appointed a new Chief Investment Officer to help drive expansion. The joint entity, R Retail Ventures, has put in a 20-member team including professionals from the finance, planning and design teams, and is looking to ramp it up further. The Warburg-Runwal entity has roped in Vrushank Mehta to initiate and oversee its investments to be made from this platform. Mehta, as part of his previous assignments, was associated with the Wadhwa Group, IL&FS Private Equity and DE Shaw & Co in various roles. In the largest real estate investment platform transaction concluded last year, Warburg Pincus entered into an alliance with Runwal Group to invest $1 billion in retail-led mixed-use development across the country.