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Young Luthra corporate star Amit Shetye to join mammoth GIP fund in top India legal+ role

Partner Amit Shetye to head to Big Inc corporate sector
Partner Amit Shetye to head to Big Inc corporate sector

L&L Partners young corporate partner Amit Shetye is set to join New York-headquartered infrastructure investment fund giant Global Infrastructure Partners (GIP) in a senior in-house legal and executive role in India, according to several sources.

The top legal position has been vacant at GIP since legal head Vinod Joseph had left in April for Argus Partners.

Joseph had joined in GIP’s acquisition of IDFC Alternatives around January, on which Shetye had been the lead partner advising.

The 2005 ILS Pune graduate had begun his career at ICICI Bank’s in-house team before joining Luthra & Luthra, as it then was, making partner in 2013.

According to our live league tables, Shetye was one of L&L’s busiest corporate partners, with 10 deals to his name and close relationships with a number of funds besides GIP.

Lighthouse Funds alone had instructed him five times over the 2018-19 financial year in a variety of investments.

We have reached out to L&L and Shetye for comment.

Update 21:10: L&L senior partner Mohit Saraf said: “Amit has been working with GIP for a while, which is a long-standing client of the firm. When they expressed their desire to get Amit on board, we could not say no.

“We wish him success in all his future endeavours.”

While L&L, formerly known as Luthra & Luthra, has lost a lot of corporate partners over the past two years - most recently private equity and corporate partner Vishwanath Pratap Singh - according to information recently disclosed, the firm has maintained a strong corporate deal flow, with 63 deals in the 2018-19 financial year, worth over $28bn, recorded in our league table tallies.

At least 20 of the firm’s partners (including Shetye) have led on corporate and PE/VC transactions at the firm in that time, according to our fuller analysis of deals activity, which will be published soon.

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