Tempest PE Partners (TEMPEST) is a Private Equity Fund with flexible investment criteria, dedicated to exploring unique investment opportunities in the Sri Lankan private equities space. It is a joint venture between CAL, Sri Lanka’s leading Investment Bank and Insite Holdings Limited, an advisory firm with extensive regional equity and corporate experience. As Sri Lanka looks to evolve from frontier status to a vibrant emerging market, we are focused on funding and advising three broad segments, i.e. Entrepreneur driven businesses, Public sector enterprises and Project financing.

Investment Philosophy

TEMPEST seeks investments that offer superior equity returns relative to the risk we take on behalf of our investors. TEMPEST seeks a combination of the following criteria when screening potential investments:

  • Generate high core returns or have the potential to do so
  • Generate strong cash flows
  • Operates in structural growth sectors
  • Underperforming businesses but with notable upside from a better capital structure and / or strategic direction

An expert in public and private capital markets, both in the buy-side and sell-side M&As, he has built a strong and solid network of clients in both the local and global capital markets built on trust, ethics and principles. With the Group since 2007, he has spearheaded the team through evolutionary post-conflict economic realities to Steer CAL into market leadership in equity capital markets and a considerable force in debt capital markets.

Deshan is a CFA charter holder (USA) and a Fellow of the Chartered Institute of Management Accountants UK and the Association of Chartered Certified Accountants UK. He also holds a Bachelor’s degree in Applied Accounting from Oxford Brookes University UK.

Deshan Pushparajah
Managing Director - Global Markets and Investment Banking

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