High valuations are a concern, but opportunities are growing as family groups seek to professionalise management, Sigit Prasetya told delegates at the CFA Institute Conference in Singapore.
The new CIO of the sovereign wealth fund believes several trends including ecommerce in Asia are creating attractive investment opportunities, but he cautioned on rising valuations and risk.
The emerging markets specialist and the Malaysian sovereign wealth fund will invest INR8.4bn in the infrastructure company, which has also raised an additional INR26.5bn from other investors in a qualified institutional placement.
University of Tokyo Edge Capital, which is focused on seeding businesses in cleantech, healthcare and IT, has finished raising capital for its second fund.