A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam.
According to the fund’s marketing documents, obtained by DealBreaker from an investor, most of the $1 billion allocated to the hedge fund portion of Taj Capital went straight into Galleon funds. (And most of it remained there until Galleon was liquidated last October, according to the investor.) The other $1 billion went into private equity investments mainly in India.
Taj Capital targeted annual returns of 25 percent and made most of its investments in the Indian subcontinent. The four founding partners, including Raj and Rajat, said they were putting $200 million of their own cash into the new fund. The other partners in Taj Capital were Parag Saxena, a former head of Invesco Private Capital, and Mark Schwartz, former head of Goldman Sachs Asia.
As reported yesterday, Gupta is being examined in the wide-ranging Galleon insider trading case. Today, we learn Gupta told Goldman he wouldn’t stand for re-election as a director after receiving notice from prosecutors that they were looking at recorded conversations he had with Raj. Prosecutors are also looking into trades Galleon made in Goldman shares at the height of the financial crisis.
Gupta, who also sits on the boards of AMR Corp. and Procter & Gamble, hasn’t been charged with any crimes.
Raj has since severed his ties with Taj Capital, which is now called New Silk Route and manages about $1.4 billion in private-equity investments.
That is one goofy lookin summabitch.
This is just another attack on prosperity! Get-A-Life!
-DK
Thank you cum again my friend.
I not to like these writings and disrespectings, my firend. i not to like them. you talk my face if problem, my firend.
one in the pouwe, two in the kouwe.
The Rise (and Fall) of Taj
indians should go back to where they came from
Raj and Rajat Go To Whitecastle probably the best Kouwe tag yet.
Slow news day
@9 do you have a point you’re looking to make? or is leaving little bitch comments just to leave them your MO?
Put your shoes in my shoes! you son of shit beetch! get out of my cab now!
Can you post that as a pdf?
Scribd can be such a bitch sometimes disabling download
What’s on his head?
their pitchbook is compelling
I’ve seen better graphics from research reports written by high school students looking for free internships…
stop being racist to indians. indians are a proud race and will take over the usa. beg for forgiveness before we all force feed you curry.
fuk a**holes who publish racist comments here. Indians should go back to where they came from? fuk you ahole. jealous, useless, scumsuking dumbsh*t. you should go back to your mediocre, 3rd rate life.
Best.Pitchbook.Ever
white trash
indians won’t go back. there’s too many of us. obama and the sec can’t stop us. indians will win this case.
Will we hear about corrupt Jews for a change? Not likely, with a jewess named Levin, is it?
dumb fuck@21 yeah, because there haven’t been 938,972 posts on Madoff, and almost all of yesterday’s posts weren’t devoted to GS. moron.
z6xSgN Great article post. Want more.
rfai5v A round of applause for your post.Thanks Again. Want more.
Say, you got a nice blog article.Thanks Again. Fantastic.
Thanks-a-mundo for the blog article.Really thank you! Keep writing.