AEA Growth Launched in San Francisco

AEA Investors has added Bobby Bassman and Ravi Sarin as co-heads of AEA Growth to make investments in tech-enabled, software and healthcare services companies.

Mr. Bassman comes to AEA after 17 years at Morgan Stanley where he was a founding member of Morgan Stanley Expansion Capital, the firm’s $1 billion growth equity and credit strategy.

Prior to joining AEA, Mr. Sarin founded ROCA Partners, a Beverly Hills-based growth equity investment firm focused on tech-enabled services and healthcare services companies, in 2016. Earlier in his career, Mr. Sarin was a principal with Ares Management from 2009 to 2016, and an associate at Bain Capital from 2005 to 2007. After leaving Bain and before joining Ares, Mr. Sarin pursued and received his MBA from Harvard Business School.

“We are excited to join AEA and help capture what we believe is a significant and compelling opportunity for growth investments under the firm’s brand,” said Mr. Bassman. “AEA’s investment experience, longstanding relationships and deep sector expertise coupled with its global presence and complementary firm resources provide a differentiated platform to strategically pursue growth investing.”

“As we continually evaluate ways to grow AEA and improve the knowledge, network and capabilities of the firm, bringing Bobby and Ravi onboard was the clear next step in our strategic evolution,” said Brian Hoesterey, the CEO of AEA. “We expect AEA’s existing platforms will benefit from their expertise and proven track record driving growth within the tech-enabled, software and healthcare services sectors, expanding our investing scope and further enhancing our firm’s leading position.”

“Bobby and I are thrilled to bring our highly complementary, growth-focused investment capabilities to AEA’s distinguished platform,” said Mr. Sarin. “As part of the AEA family, we see an incredible opportunity to help write this new chapter, adding to the firm’s successful, 50-plus year history of investing.”

Mr. Bassman and Mr. Sarin will be based in AEA’s new San Francisco office – which is scheduled to open later this Spring. AEA’s new growth investment team also includes six professionals that have worked previously with Mr. Bassman and Mr. Sarin.

AEA invests across three sectors – value-added industrials, consumer, and services – and has 70 investment professionals at its headquarters in New York City with additional offices in Connecticut, London, Munich, and Shanghai. AEA was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests, and S.G. Warburg & Co.

© 2021 Private Equity Professional | May 18, 2021