Angad Banga
Chief Operating Officer
Caravel Group / Fleet Management Ltd.
Mr. Angad Banga is the Chief Operating Officer of The Caravel Group.
As the COO of the Caravel Group, Angad has direct operational and managerial oversight for the Group's
Asset Management, Investment, Finance & Operations and Administrative functions. In this capacity,
Angad also has responsibility for corporate planning across the firm, which includes strategic investments,
balance sheet and treasury management, business development and corporate finance activities. In addition,
Angad is also a key member of the Group's Management, Investment, Risk and Credit Committees. Angad
joined Caravel as an Executive Director at the Groups' inception. Angad also serves on the Board of
Directors of Fleet Management Limited (a Caravel Group company), Mandarin Shipping Limited, a Hong
Kong-based shipping investment company, as well as serving as a Director on several other Caravel Group's
private equity investments.
Prior to joining Caravel, Angad was a Principal with KKR, one of the world's leading global investment
firms across multiple alternative asset classes. Based in Hong Kong, Angad was principally focused on
investing in Leveraged Buy-out (LBO) transactions across the Asia-Pacific region. In addition to this, Angad
also ran the Asian Leveraged Finance business for KKR Capital Markets Asia, where he helped finance
some of the largest, most complex and highly structured private equity acquisitions in Asia. Angad was a
key team member of many notable investments by KKR Asia during his tenure.
Angad began his career as an Analyst in the Syndicated & Leveraged Finance team at JPMorgan in Hong
Kong where he provided advice to and raised capital for Private Equity firms and high growth and leveraged
companies in Asia Pacific.
Following his experience at JPMorgan, Angad was hired as an Associate at The Blackstone Group – GSO
Capital Partners also in Hong Kong to build out their credit investing platform. At Blackstone, Angad was
primarily engaged in public and private credit investing across the entire capital structure in the Asia Pacific
region.
Angad is a Member of the Hong Kong Maritime and Port Board (HKMPB), a Member of the Promotion and
External Relations Sub-Committee of the HKMPB, and sits on the Executive Committee of the Hong Kong
Shipowners Association.
In 2015, Angad was named as the “Young Person of the Year” by Seatrade Asia.
Angad graduated with an AB with Honors in Economics from Dartmouth College, in the USA.