Private Equity Fund

Blackstone eyes $10 bn for third Asia PE fund, to bet big on India

Global giant gears up for launch of third Asia-focused fund in 2025

'Sebi proposal on new asset class for high risk takers looks promising'

Capital markets regulator Sebi's proposal for introducing a new asset class for high-risk profile investors can help them gain access to a newer set of strategies including long-short equity fund and inverse Exchange-traded Fund (ETF). The new asset class is aimed at bridging the gap between mutual funds and Portfolio Management Services (PMS) in terms of flexibility in portfolio construction. The Sebi's consultation paper floated on Tuesday on 'new asset class' and creating a structure for differentiated, higher risk strategies looks very promising, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund said. "India is finally opening up to different investment products, styles and approaches. Passive, factor, inverse ETFs, alts and more. There is no single way to invest," she added. In its consultation paper, the regulator said the new asset class will provide a regulated product with features like SIP (Systematic Investment Plan), higher risk-taking capability, and a higher ticket .

Domestic private equity funds share in total up 2.5 times in 4 years

Even average deal sizes of key domestic PE players like Kedara and CrysCapital doubled to $100 million in 2023 from $50 million in 2019

Blackstone to take Apartment Income REIT private in $10 billion deal

Blackstone also plans to invest another $400 million to improve the REIT's 76 rental housing communities, which are located in primarily coastal markets, the company said

Blackstone plans to invest $25 billion in India private equity asset

The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai

Hinduja Tech secures $50 mn investment from private equity fund Creador

Creador is a renowned private equity firm focused on partnering to grow world-class businesses in Southeast Asia and India

Indian market too big to ignore: Beauty and make-up brand Laura Mercier

The brand first entered the Indian market last year and started selling online through the beauty and personal care marketplace, Tira

Blackstone's first private equity fund for rich individuals gets $1.3 bn

The cash pile, disclosed in a filing Monday, underscores the intensifying race among alternative investment firms to court private wealth as key sources of institutional money dry up

Alternative debt provider BlackSoil sees 44% jump in investment in 2023

Bansal also said that the risk is getting blurred between equity and debt as entrepreneurs are unable to raise funds via equity

PE firm True North forays into private credit, raises Rs 1,000 crore fund

Homegrown private equity fund True North on Monday announced a foray into private credit, joining a slew of other entities which have started dabbling in this space. The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore. It intends to close the fund by the end of the year, as per a statement. The business christened "True North Private Credit" will build on the capabilities by the firm over the last two decades. A favourable risk-reward equation and a good regulatory framework make private credit a robust business, the statement said. The business will offer agile capital solutions to well-governed and profitable enterprises and deliver superior, risk-adjusted returns to its investors, it said. The fund, which bridges the supply-demand gaps for middle-market companies, will invest Rs 75 crore by itself into companies and Rs 200 crore along with its co-investment pools, as per the statement. It is targeting an internal rate of returns between 15-18

Private equity-backed mergers and acquisitions fall to 31-month low

Value of such transactions has also been coming down over time

Sentiments for real estate sector remain bullish for next 6 months: Survey

The sentiment index for the real estate sector remained positive during the April-June period with an improvement from previous quarter while the outlook for the next six months is also bullish, according to Knight Frank India and NAREDCO survey. In its 37th edition of the Real Estate Sentiment Index Q2 2023 (April-June), real estate consultant Knight Frank and industry body NAREDCO said that the current sentiment score has scaled up from the previous quarter's 57 to 63, in the optimistic zone. "This is due to the continued resilience of the Indian economy amid a recessionary environment globally. The Current Sentiment Score signifies stakeholders' current outlook in comparison to the preceding six months," Knight Frank said. During Q2 2023, the Future Sentiment Score rose from 61 in Q1 of 2023 to 64 in the optimistic territory as India's macroeconomic indicators remained firm, despite headwinds on some parameters, the consultant said. The Real Estate Sentiment Index is based on a

PE funds moving away from China to India, Japan amid geopolitical tensions

A report by Bain and Company said that the Covid-19 lockdowns, declining growth, and US-China tensions led to a 53% drop in Greater China deal value in 2022

Sebi may soon ease compliance norms for PE, VC funds in India: Report

The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden

PE firm Multiples closes its Fund IV, subscriptions worth $640 mn received

Multiples Fund IV brings together leading global institutional investors like CPPIB and IFC, local institutions like SBI and private insurance companies, and leading domestic family offices

Irdai approves amendments, simplifies rules to set up insurance firms

Under the current guidelines, to invest in insurance companies as "promoter", a PE fund can do so only through an SPV

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

Multiples Private Equity likely to sell stake in APAC Financial Services

Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies

The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore