Founder & CEO, New Silk Route
Parag Saxena is Founding General Partner and CEO of New Silk Route Partners. He also co-founded Vedanta Capital LLC, in 2006. Previously, he was CEO of INVESCO Private Capital, one of the oldest and largest venture capital firms in the U.S. During his 23-year tenure at INVESCO Private Capital, the firm made over 300 investments, including Amgen, Celgene, Costco, MetroPCS, PictureTel, Polycom, Staples, and Starbucks. These investments have helped to grow companies that have created over 500,000 jobs and enjoy a market value exceeding $500 billion. Parag has also led more than 90 investments for Chancellor and INVESCO Private Capital, a third of which have gone public. These investments include Amber Networks, Masimo, Alkermes, ARM Holdings, Genomic Health, Indigo, and Volterra. Parag is a multi-year member of Forbes’ Midas list which ranks the world’s best global investors.
Parag has served on committees advising the Prime Minister of India on foreign direct investments and venture capital for the Planning Commission of India. He has provided recommendations on small business and venture capital to representatives of the U.S. Congress. He is also a Director of the Heritage Fund of the Indian Institute of Technology in Bombay as well as a Trustee of the Bharatiya Vidya Bhavan. He is on the Advisory Board of the Center for Advanced Studies on India at the University of Pennsylvania and the Indian Advisory Council of Brown University. Parag was the President of TiE Tri-State (NY, CT, NJ) from 2003 to 2010. He is also on Mayor Bloomberg’s Applied Sciences NYC Advisory Committee.
Parag received an M.B.A. from the Wharton School of the University of Pennsylvania. He earned a B.Tech from the Indian Institute of Technology and an M.S. in Chemical Engineering from the West Virginia College of Graduate Studies.