Goldman growth fund increases bets on India as China interest cools

Goldman Sachs Group Inc. is ramping up investing its clients money in India and developed markets in Asia-Pacific as interest in China cools amid political and economic friction.
 

The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said, who asked not to be named discussing internal information.

In an interview this month, Stephanie Hui, co-head of alternative investing in Asia at Goldman Sachs Asset Management, said the bank has “dialed up” in India, while overall investors are diverting some emerging market capital that was