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Strong GDP growth supported by a healthy entrepreneurial
environment has made India one of the most attractive emerging economies for
foreign private equity investment in recent years.
This week, CDPQ, the second largest pension fund in Canada,
announced the opening of an office in New Delhi and revealed its plans to
invest $150 million into renewable energy in the country over the next three to
four years, as
reported by Private Equity International.
It comes as India and South-East Asia-focused private
equity firm Everstone Capital Partners said it had begun investing in stressed
companies in India for the first time.
PEI’s Research & Analytics team have compared capital
raised by foreign and domestic managers of closed-ended private equity funds
focused on India to see if this trend is apparent in the fundraising figures.
In 2014, 17 percent of total capital raised for private
equity vehicles investing into the region came from managers based outside of
A year later, this number jumped to 56 percent. US-based Sequoia
Capital closed the largest India-focused vehicle in 2015, collecting $740
million for Sequoia Capital India IV. The same firm collected $920 million in
January for its fifth flagship vehicle, the only India-focused fund to close so
far in 2016.
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