Investcorp plans major ramp up of India assets to $5 billion: Alardhi

Investcorp plans a major ramp up of investments in India, according to Mohammed Alardhi, executive chairman, as the alternative asset manager joins global firms eyeing opportunities in the world’s second most-populous country.
 

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp, Alardhi told Bloomberg News in an interview in Mumbai.  

The investor adds to firms including Ontario Teachers’ Pension Plan Board and Apollo Global Management Inc. that are seeking to extend footholds in