Private equity fund investment in India has risen to $2.48 billion till July driven by the country's robust economic growth and investors are now likely to target opportunities in the core sector in the days ahead, a latest report says.
The India fund pool, referring to the investments made by PE funds in the country, has already crossed $2.48-billion mark in the first seven months this year, compared to a total of $3.28 billion in 2006, data complied by Asia Private Equity Review shows.
"In recent weeks, the closing of a number of funds brought in an additional $1.62 billion of fresh capital. With the additional $1.16 billion also currently being raised, the PE funds pool in India is set to swell to a new level during the year," a report by UK-based global PE advisor
The next wave of funds that would be established for opportunities in India are those that would eye infrastructure opportunities, it said.
In July, ChrysCapital Investment Advisors had announced the closing of its fund of $1.25 billion, the largest India -focused fund. The fund, Chrys Capital V, would focus mainly on growth capital and buyout opportunities, with deal sizes ranging between $30 million and $300 million in the country.
Interestingly, India is home to a host of smaller funds like Nexus India Capital. It is a venture capital fund managed by the India-based Nexus India Capital Advisors and has attracted $100 million from a list of institutions and strategic family offices from North America, Europe and Asia as its limited partners.
