Ashish Singh, a partner and head of real estate for India and Southeast Asia at the UK private equity firm Actis, has decided to leave the company, according to sources familiar with the situation. After his exit from Actis, Singh may pursue an entrepreneurial opportunity. Both Singh and Actis have agreed that he will remain with the firm until the end of next year. Attempts to reach Singh for comments were unsuccessful.
A spokesperson for Actis confirmed that Singh is currently a partner in their real estate division and will transition out of his role by the end of 2025 for personal reasons. This planned change is designed to ensure a smooth business continuation. Singh will still contribute to the company’s real estate strategy in India and Southeast Asia during this time. Actis sees significant potential in the region’s new economy real estate markets and is committed to its long-term strategy there.
Having over 20 years of real estate experience, Singh is an alumnus of IIT Delhi. Prior to joining Actis, he was managing director and head of real estate private equity at Standard Chartered. Notably, Actis previously acquired the Asia real estate portfolio from Standard Chartered Private Equity. Singh’s departure marks the second time this year a senior executive at a global investment firm focusing on real estate in Asia has resigned. Last year, Chanakya Chakravarti, who led indirect investments for Asia-Pacific at Ivanhoe Cambridge, also left his position.
Actis has formed several joint ventures with Indian property developers, including one with Tata Realty & Infrastructure that is working on two construction projects. There’s also a partnership with Shapoorji Pallonji for mid-income housing under the Joyville brand, with 12 million square feet under development. Additionally, Actis has teamed up with Mahindra Lifespaces, which has developed residential properties, and recently announced another venture for industrial parks. Actis is a global player in real estate and infrastructure, and in October 2024, it collaborated with General Atlantic to establish a global platform managing $ 87 billion in assets.