Abhijeet Lele and Jon Levy named Senior Partners at Principal Investments
Life science investment company Novo Holdings A/S has appointed Abhijeet Lele and Jon Levy Senior Partners at Principal Investments, a subsidiary focused on large investments. The pair will both be based in Boston, focusing on screening new business opportunities and driving growth in current portfolios. Mr. Lele has also been named Head of Principal Investments in the United States. "With Abhijeet and Jon, we are welcoming two seasoned life science investors who complement each other well to lead our team in the US,” said Novo Holdings Head of Principal Investments Christoffer Søderberg. “With this on the ground presence in the US, we will be better plugged into the ecosystem to manage existing investments and execute new investment opportunities. Novo Holdings has a clear ambition of building on its position as the world's leading life science investor and establishing a direct presence for the Principal Investments team in the US is a significant step in consolidating that position." Mr. Lele comes to Novo Holdings from Temasek, where he served as US Head of Healthcare. He has more than 20 years of experience in life sciences investment, both in the U.S. and Europe. Mr. Levy is a trained investment banker, with more than a decade of experience working in life science buyouts and private equity transactions. He most recently served as Managing Director of the Healthcare department at private equity firm CVC Capital Partners.