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GIC completes exit from India infra portfolio with over $1.5 bn in bag

VCCircle

VCCircle · 1y ago

GIC completes exit from India infra portfolio with over $1.5 bn in bag

Singapore sovereign wealth fund GIC has successfully exited its investment in an Indian infrastructure firm, earning over $1.5 billion. GIC has been an active investor in India, maintaining a diverse portfolio of listed and unlisted assets. The recent exit from the infrastructure firm marks the completion of GIC's monetization efforts in its five-year-old Indian investment.

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KKR, GIP lead Indo-Pacific infra group to invest $25 bn in India, other countries

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VCCircle · 1y ago

KKR, GIP lead Indo-Pacific infra group to invest $25 bn in India, other countries

Private equity firms KKR and Global Infrastructure Partners (GIP) have partnered with the Indo-Pacific Partnership for Prosperity to invest $25 billion in infrastructure projects across the Indo-Pacific region. The investment will include green data centres in Indonesia, renewable energy initiatives in the Philippines, and hybrid renewables and smart meters in India. The coalition, which includes global investors such as BlackRock, GIC, Rockefeller Foundation, and Temasek, aims to support successful infrastructure projects in the energy, transportation, water and waste, and digital sectors. The Indo-Pacific Economic Framework has already identified over $23 billion worth of investment opportunities.

General Atlantic on course to scoring $1-bn exit from India portfolio firm

VCCircle

VCCircle · 2m ago

General Atlantic on course to scoring $1-bn exit from India portfolio firm

General Atlantic is poised to achieve a $1 billion exit from its India portfolio, following complete exits from two local companies in the previous year. The private equity firm, focusing on late-stage venture capital and growth equity investments in India, has divested nearly a third of a particular investment. This move signifies General Atlantic’s continued strategic maneuvers in optimizing its portfolio for significant returns amid varying market outcomes.

IndiGrid backer GIC teams up with Sterlite for another power transmission platform

VCCircle

VCCircle · 1y ago

IndiGrid backer GIC teams up with Sterlite for another power transmission platform

Singapore's sovereign wealth fund, GIC, and Vedanta Group's Sterlite Power have formed a joint venture to develop and operate power transmission projects in India. Sterlite will hold a 51% stake in the platform, with GIC owning the remaining 49%. The partnership aims to play a leading role in India's transmission sector, starting with a $13bn bid pipeline. GIC has been actively investing in Indian infrastructure, with previous deals including collaborations with Genus Power and ESR. Sterlite Power is a private sector power transmission infrastructure developer with a portfolio covering over 15,350 circuit km of transmission lines in India and Brazil.

Warburg set for over $1.1 bn India exit as conviction finally pays off

VCCircle

VCCircle · 11m ago

Warburg set for over $1.1 bn India exit as conviction finally pays off

Private equity firm Warburg Pincus is set to exit India in a deal worth over $1.1 billion, marking a successful end to its investment in the country. The firm has recently made several deals in India and has finally reaped the rewards of its consumer-facing portfolio. Warburg Pincus has sold its stake in a number of Indian companies, demonstrating its strong conviction in the market.

Singapore sovereign fund GIC bets $70 mn on PE-backed Indian lender

VCCircle

VCCircle · 1y ago

Singapore sovereign fund GIC bets $70 mn on PE-backed Indian lender

Singapore sovereign fund GIC has invested $70 million in an Indian lender backed by private equity. GIC has been actively investing in India and has assets worth over $30 billion in public companies. The sovereign wealth fund has stakes in major banks and has now added a financial services firm to its local portfolio.

Warburg continues exit spree with bumper returns despite disappointing run of portfolio co

VCCircle

VCCircle · 11m ago

Warburg continues exit spree with bumper returns despite disappointing run of portfolio co

Warburg Pincus, a private equity firm, has recently sold off another portfolio company in India, marking a quick exit that yielded impressive returns. Despite facing a disappointing run with some of its portfolio companies, Warburg Pincus has been capitalizing on the strong market valuations in India, leading to a successful exit spree over the past two years.

CPPIB finally scores a multi-bagger in fourth big India exit this year

VCCircle

VCCircle · 9m ago

CPPIB finally scores a multi-bagger in fourth big India exit this year

CPPIB, the largest public pension fund in Canada, has achieved its fourth successful exit from an Indian investment this year. This exit is expected to bring CPPIB's total earnings from Indian portfolio to over $1 billion. The fund has been scaling back its private equity investments in India in recent years.

GIC mints money as Spain’s Ferrovial buys into IRB InvIT for $810 mn

VCCircle

VCCircle · 1y ago

GIC mints money as Spain’s Ferrovial buys into IRB InvIT for $810 mn

Singapore sovereign wealth fund GIC is selling almost half its stake in IRB Infrastructure Trust, an infrastructure investment trust in India, for €740m ($810m). GIC is offloading 24% of the units in the InvIT and a similar stake in its investment manager to Cintra, a subsidiary of Spanish infrastructure development company Ferrovial. GIC had acquired a 49% stake in the InvIT in 2019 for $621m. Following the partial exit, GIC retains a 25% stake in the InvIT and the investment manager.

Did Investcorp make any money in quiet exit from legacy India portfolio firm?

VCCircle

VCCircle · 8m ago

Did Investcorp make any money in quiet exit from legacy India portfolio firm?

Bahrain-based alternative investment firm, Investcorp, has made a quiet exit from its legacy India portfolio. This marks at least its third exit move from its India portfolio this year. The asset manager entered India in 2019 through the acquisition of the private equity business of IDFC Alternatives. Details about the returns on this exit are not disclosed, but reports suggest that the returns may not be as expected.

KKR moves forward with plan to exit Indian infra portfolio firm

VCCircle

VCCircle · 1y ago

KKR moves forward with plan to exit Indian infra portfolio firm

Private equity firm KKR is proceeding with its plan to exit an Indian infrastructure portfolio company. This comes after KKR sold its stake in a telecom infrastructure provider and began the process of harvesting its investments in two other firms. Specifically, KKR unloaded its stake in telecom towers company Indus Towers.

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