Executive Officers

Chinta Bhagat, 51
Co-Chief Executive Officer and Director

Mr. Bhagat is Managing Partner, co-head and Chief Executive Officer at L Catterton Asia, which manages approximately $3.3 billion across three funds. Mr. Bhagat joined L Catterton in August 2019, and has been responsible for the end-to-end integration of the Asian franchise into the global firm, underpinned by a recruiting and restructuring program to top-grade the investment, portfolio management, and firm operations functions. He has also overseen investment and divestment of approximately $750 million in this period of time, including leading the firm’s investment into Jio Platforms in mid-2020. Prior to joining L Catterton, Mr. Bhagat was Head of Private Markets for South Asia and concurrently head of the global healthcare portfolio at Khazanah Nasional, overseeing a total of approximately $5 billion across a range of private and public market assets. After joining Khazanah Nasional in May 2015, Mr. Bhagat was involved in several consumer technology and healthcare deals across the Asian region, including Khazanah’s significant investment in Fractal (subsequently acquired by Apax Partners), and Ping An Healthcare & Technology (subsequently listed on the HKSE). Mr. Bhagat was previously Managing Partner of McKinsey & Company’s Singapore office, where he spent a total of 14 years, working extensively with principal investors to develop strategies, execute transactions, manage risk, and implement board governance initiatives. Mr. Bhagat holds a degree in Architecture from the University of Mumbai and an M.B.A. in International Business from INSEAD.

Scott Chen, 43
Co-Chief Executive Officer and Director

Mr. Chen is Managing Partner, co-head and Chief Investment Officer at L Catterton Asia, which manages approximately $3.3 billion across three funds. After joining L Catterton in second half 2020, Mr. Chen now chairs L Catterton Asia’s Investment Committee and is focused on rejuvenating the firm’s investment program and refreshing its investment strategy that best matches Asia Pacific market opportunities, team’s capabilities and L Catterton’s global expertise. Prior to joining L Catterton, Mr. Chen spent nearly 20 years at TPG investing across the broad consumer and healthcare landscape throughout Asia Pacific, most recently serving as Partner and Managing Director. Over the past decade at TPG, Mr. Chen drove the expansion of TPG’s China franchise and led or co-led TPG’s investments in Greater China including APM Monaco, DuXiaoman, Novotech PPC, Kangji Medical, United Family Healthcare and Li Ning. Prior to joining TPG, Mr. Chen worked in the Technology Mergers & Acquisitions Group of Lehman Brothers in New York. Mr. Chen’s current non-profit activities include China Senior Advisor to Bill and Melinda Gates Foundation’s Strategic Investment Fund, Chairman and Founder of Hope Matters Foundation and China Fellow and member of the Aspen Global Leadership Network of the Aspen Institute.  Mr. Chen received a B.S. in Business Administration with honors from University of Colorado.

Howard Steyn, 46
President

Mr. Steyn is a Partner at L Catterton who leads the firm’s global initiatives, driving cross-geography investments and portfolio company expansion. Mr. Steyn, who has been a senior investment professional at L Catterton since September 2007, was previously a Partner at L Catterton Growth. Mr. Steyn has worked on numerous investments during his tenure at the firm and served on the boards of a variety of portfolio companies including Zarbee’s, Nature’s Variety, and Lily’s Kitchen. Prior to joining L Catterton, Mr. Steyn was a Principal in Bain Capital’s venture capital and growth equity funds. During his 8 years with Bain Capital, he led investments and worked with management teams to maximize performance in a range of companies from early-stage and growth equity through leveraged buyouts. Prior to Bain Capital, Mr. Steyn worked at McKinsey & Company. Mr. Steyn earned an A.B. magna cum laude in Social Studies from Harvard College, and received his M.B.A. with honors from The Wharton School of The University of Pennsylvania.

Board of Directors

John Sculley, 81 [Resigned 9/2/22]
Independent Director

Mr. Sculley has been a mentor and investor in global technology and healthcare companies for over two decades. In this capacity, he serves as vice chairman for Celularity, Inc., a placenta blood cord stem cell company; as Chairman and Chief Marketing Officer for Rx Advance Corporation; as co-founder and vice chairman of Zeta Global, a personalized marketing platform; as co-founder of Misfit Wearables, a wearable technology company (acquired by Fossil Group); and was co-founder and Vice Chairman of Rally Health (acquired by UnitedHealth’s Optum unit). He has also been an active investor in early-stage enterprises like MDLive, a telehealth provider (acquisition announced by Cigna’s Evernorth in February 2021); Select Comfort Corporation, a maker of adjustable-firmness beds; NFO Research, Inc., a consumer research company; Intralinks, provider of secure online workspaces to the financial services industry; CreditTrade LLP, which provides transaction, data and information services to the credit markets; and Hotwire, an online discount travel site. Mr. Sculley was previously the Chief Executive Officer of Apple Inc. from 1983 to 1993, during which time the Apple Computer became the largest selling personal computer brand in the world. From 1978 to 1983, Mr. Sculley served as Chief Executive Officer of Pepsi-Cola Company, during which time “Pepsi Generation” and “Pepsi Challenge” marketing campaigns helped cause Pepsi-Cola to become the largest selling packaged good product in the United States as measured by AC Nielsen. Mr. Sculley earned his Master of Business Administration from The Wharton School at the University of Pennsylvania and is a graduate of Brown University. Mr. Sculley has also received a John Hopkins honorary Ph.D. and the Ellis Island Medal of Honor.

Frank N. Newman, 78
Independent Director

Mr. Newman has invented an advanced cybersecurity design, holds five patents on its technology, and has been the Chief Executive Officer and Co-founder of PathGuard, Inc. (or its predecessors), the company he established to implement the system, since 2015. From 2011 until December 2018, Mr. Newman served as Chairman of Promontory Financial Group China Ltd., an advisory group for financial institutions and corporations in China. From 2005 to 2010, Mr. Newman served as Chairman and Chief Executive Officer of Shenzhen Development Bank, a national bank in China. Prior to 2005, Mr. Newman served as Chairman, President, and Chief Executive Officer of Bankers Trust and Chief Financial Officer of Bank of America and Wells Fargo Bank. Mr. Newman served as Deputy Secretary of the U.S. Treasury from 1994 to 1995 and as Under Secretary for Domestic Finance from 1993 to 1994. Mr. Newman has authored two books and several articles on economic matters, published in the U.S., mainland China, and Hong Kong. Mr. Newman has served as a director for major public companies, including Bankers Trust Company, Dow Jones, GUS (Great Universal Stores, in the UK), Korea First Bank, and Shenzhen Development Bank. Mr. Newman has also served as a member of the Board of Trustees of Carnegie Hall. Mr. Newman is currently on the board of directors and the audit committee of ParkerVision, Inc; the board of directors of Aspirational Consumer Lifestyle Corporation where Mr. Newman is the chairman of the audit committee; and the board of directors of Steiner Leisure Limited. Mr. Newman earned his B.A. magna cum laude in Economics at Harvard University.

Anish Melwani, 42
Independent Director

Mr. Melwani is the Chairman and Chief Executive Officer, LVMH for North America. In this role, he oversees and coordinates the activities of the LVMH Group across more than 75 Maisons. Mr. Melwani is a member of the board of directors for Fresh, Marc Jacobs, Colgin Cellars, Starboard Cruise Services and Tiffany & Co. Prior to joining LVMH in 2015, Mr. Melwani was a Senior Partner in the New York office of McKinsey and Company where he co-led the Global Strategy & Corporate Finance practice and supported clients across industries. At McKinsey since 1999, Mr. Melwani counseled senior executives of leading global companies on issues related to corporate strategy, M&A, alliances, portfolio management and organization. Mr. Melwani worked in McKinsey’s Singapore and Hong Kong offices and was then relocated to the New York office, where he advised leaders of public sector institutions in New York City. Mr. Melwani is a member of the Council on Foreign Relations, the Board of the United Way of New York City where he serves on the Marketing Committee, and the National Retail Federation’s Board of Directors. Mr. Melwani holds a B.A. in Economics from Harvard University.

Sanford Litvack, — [Appointed 9/2/22]
Independent Director

With over six decades of commercial litigation and corporate operations experience in both the private and public sectors, Mr. Litvack adds a rare combination of legal acumen and business insights to LCAAC’s Board. He is currently a partner of leading boutique trial and arbitration law firm Chaffetz Lindsey as well as a fellow of the American College of Trial Lawyers. Formerly, Mr. Litvack was senior counsel in the litigation department at global law firm Hogan Lovells and an assistant attorney general in charge of the Department of Justice’s antitrust division. Mr. Litvack previously also served as the chief of corporate operations and the vice chairman of the Board of Directors at Disney, where he spearheaded its acquisitions of ABC and ESPN. His boardroom experience also includes a prior directorship at technology company Hewlett Packard.