New Delhi, July 24 -- Private equity firm L Catterton has appointed Vikram Kumaraswamy-a seasoned Unilever executive-as partner and co-head of its India business. He will lead alongside Anjana Sasidharan and India executive chairman Sanjiv Mehta as the firm doubles down on one of Asia's fastest-growing consumer markets, according to a press release by the company.

The firm is backed by LVMH Moet Hennessy Louis Vuitton, the world's largest luxury group and home to brands like Louis Vuitton, Sephora, and Dom Perignon.

In May, L Catterton launched a $600 million fund exclusively for India-the first such country-specific fund in its global portfolio. The fund has backing from International Finance Corporation (IFC), which committed $30 mill...