The investor, which has so far dabbled in real estate, infrastructure and power, has been setting up a team for private equity investments in India.
The firm will continue its focus on four core sectors—financial services, healthcare, business services, and consumer—but may selectively evaluate deals in manufacturing and digital.
Data analytics firm Fractal’s current investors include Khazanah, TA Associates and Mirc Electronics Ltd’s chairman Gulu Mirchandani.
CPPIB is looking to increase its emerging market exposure to a third of the fund from the current 15% by 2025. It will focus on three important markets – China, India and Brazil.
GLP is a global provider of modern logistics facilities and technology-led solutions, with $60 billion in assets under management.
CapFloat Financial Services Pvt. Ltd, which owns Capital Float, has held talks with South Africa’s Naspers.
Bansal, who has spotted Ola to begin his second innings as an investor, in all likelihood, will join the board and his influence should be considered more strategic.
Such record levels of dry powder in the market suggest an improvement in the fundraising environment, and reflect growing interest of limited partners in the India story.
The US represents the largest limited partner (LP) base, followed by a diversified group of investors from Europe, the Middle East, Singapore and China.
This marks a shift in strategy for PE investors who had so far largely bought minority stakes. PE buyouts this year are also double that of 2017’s buyout deals worth $2.7 billion.