Swiss private equity investor Partners Group is looking to invest up to a billion dollars in India in the next three to five years, said its co-chief executive Andre Frei in an interview.
This would help companies that are looking to raise funding in an economy that has not grown as fast as was expected after a new government came to power in 2014.
The firm has previously invested in Indian PE and venture capital funds for more than a decade, as a limited partner. Since 2012, it has been more open to investing directly in companies, and opened an India office two years later. It has since spent $270 million for a leveraged buyout deal with remote infrastructure management firm CSS Corp., and bought a minority stake for an undisclosed amount in Eurokids, an education company.
Members of the firm’s investment committee met in India in late January, the Economic Times reported. The firm has deployed $800 million in private equity, real estate and infrastructure in the country, and plans to make 2-3 investments every year.
That would be an accelerated pace of investment for the group that manages $50 billion in assets but has previously not been as active in India as some of its global peers.