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SuperReturn Emerging Markets
June, 2023

Fahim Rahman
Managing Partner at Noksha Capital


Mr. Fahim Rahman began his career in 2006 with Lehman Brothers in M&A Advisory for Healthcare, Retail and Consumer-sector focused companies in the US & Europe. He then progressed to join Pioneer Point Partners, a mid-market private equity fund focused on buyouts in Western Europe.

In 2010, he decided to move away from the Financial Services world to gain a deeper understanding of corporate operations. He initially joined Gilead Sciences, as a Manager in the Financial Planning & Analysis team and, in 2012, moved on to work for Hugo Boss Group (then owned by Permira Capital) where his last position was Business Development Manager for the EMEIA region.

In 2014 he joined New Asia Group, a market-leading apparel manufacturing organization in Bangladesh, as the Executive Director (CEO). During his tenure, he led a business transformation to consolidate the Group’s six legal entities into a singular vertically integrated umbrella organization, which acted as a ‘one-stop shop’ sourcing hub for customers looking for manufacturing solutions across the entire apparel value chain. He created a strong, data-driven decision-making culture and relied heavily on analytical systems to grow the business from $180m to $235m in Sales between 2014 and 2019 and to grow EBITDA at a 9% CAGR over the five-year period.

In 2019, he left New Asia Group to establish Noksha Capital (or “N-CAP” for brevity). He is the Managing Partner of NCAP, which is an emerging GP that invests primarily in buyout and late-stage growth opportunities in Bangladesh.

Mr. Rahman holds a Bachelor’s degree in Economics from Claremont McKenna College in California, USA.

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