TPG Capital, the alternative asset manager with $73-billion assets, has been investing in India since 2004, and has put its money in 12 companies, including four belonging to Chennai-based Shriram Group. In the last year itself, it has invested in five firms.
This year, the company has invested in six companies: It led $100-million rounds in Five Star Business Finance, BookMyShow, and co-invested $1.2 billion with Abu Dhabi Investment Authority in UPL, to fund its acquisition of Arysta.
In July, it picked up a minority stake in Sai Life Sciences, a drug discovery, development and manufacturing service provider. It invested