"He's also trying something different, investing all of the capital in the fund to build a single business in a single sector: tire and auto repair. Unlike search funders who look to buy a blue-collar business after working in corporate or investment roles, Pathipati will have plenty of help from his two other partners: Pathipati's father, Narendra "Pat" Pathipati, and another close family friend, Tim O'Day,"
"Anish Pathipati spent years honing his skills as a private equity investor, and now, he's decided to "hang out a shingle," launching his own fund, Simha Partners. The last time we spoke to Pathipati for our 2018 Wall Street Rising Stars series, he was a director at North Island, a private equity firm founded by Glenn Hutchins, a cofounder of Silver Lake."
"O'Day and the senior Pathipati rose to CEO and CFO of Boyd Group Services, the parent company of auto collision market leader Gerber Collision & Glass. From when O'Day became president of US operations for Gerber Collision & Glass in September 2008 to when he retired over the spring, Boyd's stock price had grown 100 times."
Anish Pathipati launched Simha Partners after years in private equity and raised $45 million for its first fund, which was oversubscribed. The fund will invest all capital to build a single business focused on the tire and auto-repair sector. Pathipati recruited two experienced operational partners: his father, Narendra "Pat" Pathipati, and Tim O'Day, both with decades of auto-collision experience at Boyd Group and Gerber Collision & Glass. O'Day's tenure coincided with a 100x increase in Boyd's stock price. The strategy pairs operational growth expertise with Pathipati's technology investing background.
Read at Business Insider
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