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Parag Saxena

General Partner

Parag Saxena, Distinguished Alumnus of the Indian Institute of Technology, Bombay, co-founded two private equity investment management firms, Vedanta Management and New Silk Route, over a decade ago with commitments above 2 billion U.S. dollars. Over the span of his 35-year career, he has been part of investments in companies that have created hundreds of thousands of jobs and that have an aggregate market value exceeding $500 billion as of June 2018.

Mr. Saxena has been named multiple times to the Forbes’ Midas List which ranks the best global investors. He has raised billions of dollars of capital in both private and public markets around the world. He has led or been a part of over 80 healthcare venture investments in the areas of pharma-biotech, digital health, medical devices, hospital management and health insurance over three decades.

Through New Silk Route, Mr. Saxena has invested a billion dollars in India in private companies like Punjab National Bank Housing Finance, Café Coffee Day and VRL Logistics.

Previously, he was Chief Executive Officer of INVESCO Private Capital (and its predecessor firms), a venture capital firm in the U.S. During his 23-year tenure at INVESCO, over 300 investments were made, including Amgen, Costco, PictureTel, Polycom, Staples and Starbucks. Mr. Saxena led more than 90 investments for INVESCO Private Capital (and its predecessor firms), a third of which went on to become public companies. These investments include Alkermes, Celgene, Genomic Health, Indigo, Masimo, Transgenomic, Xenon Pharmaceuticals, Amber Networks, ARM Holdings, Horizon Health Corp. and MetroPCS. He started his investing career in 1983 with Citicorp Investment Management (later became Chancellor Management).

Mr. Saxena has served on committees advising the Prime Minister of India on foreign direct investments, and the Planning Commission of India on venture capital. He has also addressed U.S. Congressional Members on Venture Capital and Healthcare.

Mr. Saxena was a Director of the Indian Institute of Technology, Bombay’s Heritage Fund as well as a Trustee of the Bharatiya Vidya Bhavan. He is on the Advisory Board of the Center for Advanced Studies on India at the University of Pennsylvania and is on the Indian Advisory Council of Brown University. He is also a Founding, Global Advisory Board Member of the Wilson Center in Washington D.C, a past Board Member of the TB Alliance and on the U.S. Advisory Board of the Royal Shakespeare Company. He was the President of TiE Tri-State (NY, CT, NJ) from 2003 to 2010. He was also on Mayor Bloomberg’s Applied Sciences NYC Advisory Committee which attracted Cornell University to New York City.

Mr. Saxena received an M.B.A. from the Wharton School of the University of Pennsylvania. He earned a B.Tech. from the Indian Institute of Technology, Bombay and an M.S. in Chemical Engineering from the West Virginia College of Graduate Studies.

Vedanta Capital | Parag Saxena