Foreign PEs like India again

Aug 18 2014, 01:14 IST
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Several global funds had shelved their plans for India-focussed funds in 2011 and 2012. Several global funds had shelved their plans for India-focussed funds in 2011 and 2012.
SummaryForeign fund managers have, in the first half of 2014, raised more money for India-dedicated...

Foreign fund managers have, in the first half of 2014, raised more money for India-dedicated PE funds than in 2013 and 2012, reflecting a renewed interest in India, reports Nitin Shrivastava in Mumbai. Of the total $12 billion or so being targeted for India-specific close-ended funds, a good 40% plus is expected to be raised by players headquartered overseas, according to Sasha Batica, senior research analyst at PEI. Aureos Capital, KKR, Espirito Santo Capital, and Duet Private Equity are among the foreign GPs in the market, Batica said. Several global funds had shelved their plans for India-focussed funds in 2011 and 2012, including Henderson Equity Partners, which had hoped to pick up $200 million and Accel Partners, looking for $400 million.

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