| DEV CHATTERJEE Mumbai, 27 May wedish private-equity major EQT is planning to invest up to $5 billion in India this year even as its arm EQT Private Capital Asia closed a new mid-market growth fund, which received a commitment of $1.6 billion from investors.
EQT has not set deployment targets by geography for the new fund but expects India to be the largest market for the mid-market growth (MMG) fund.
The fund has made four investments to date. Two have been in Indian companies.
EQT manages assets worth $250 billion worldwide and has invested over $8 billion in more than 30 companies in India, including in HDFC Credila, Indium Software, Indira IVF, and 02 Power.
With this, EQT joins the list of several global private-equity players that are making investment plans for India.
This story is from the May 28, 2024 edition of Business Standard.
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This story is from the May 28, 2024 edition of Business Standard.
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