September 25, 2023


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US-based fund TFCC tops India’s PE fund investor list of 2021

In a rating of the prime 10 fund professionals of PE money last calendar year, US-centered fund TFCC came out on prime in terms of the income invested in this article, in accordance to investigation by VCCEdge which tracks non-public equity investments.

In December, TFCC acquired a forty six for every cent stake in very little recognised Chennai-centered Ramcharan which is now in chemicals distribution. Nevertheless, it will now spend in the setting, power administration systems, and renewable power method gadgets.

This catapulted TFCC to the prime of the list with investments of $ billion. For TFCC, which has a portfolio of $twenty billion invested in South Asia, this was its very first foray in India.

The prime 10 fund professionals who operate the PE money have collectively invested around $twelve.eighteen billion. This accounts for around a fifth of the overall investments for which community bulletins on the details have been built by PE players in the place last calendar year.

As VCCEdge’s research was centered on what fund professionals of these numerous money experienced invested in the place, numerous PE groups these types of as Blackstone, which has quite a few firms and money beneath administration, has 3 of its money showcasing in the prime 10.

In second location is CPP Financial investment Board, a worldwide financial commitment administration organization which invests the belongings of the Canadian Pension Program. With a fund measurement of $541.five billion, CPP has invested in numerous assignments. To mention just two, it has invested $257 million in the infrastructure financial commitment have faith in set up by the Nationwide Highways Authority of India for the acquisition of brownfield road assignments and $800 million in Flipkart, its premier financial commitment in 2021.


Baring Personal Fairness Asia was also really active, coming in third on the back again of its acquisition of the health care solutions organization of Hinduja Worldwide Methods at an organization worth of $one.two billion.

But Blackstone has 3 various entities operate by various professionals who are among the prime ten. The overall financial commitment built by the 3 entities is a considerable $two.forty eight billion. For instance, last calendar year Blackstone acquired Embassy Industrial Parks from Warburg Pincus and the Embassy group in what is a single of the premier logistics transactions in the place at an organization worth of $seven-hundred million.

It has also been a calendar year of intense deals for Arrival International. The corporation bought up to 72.fifty six for every cent of Eureka Forbes for an organization worth of Rs 4,four hundred crore from the SP group it bought ZCL Substances at an organization worth of $275 million and it followed this up by acquiring a the vast majority stake in Encora, a worldwide digital engineering solutions corporation with innovation labs.

Some notable names are lacking from the VCCEdge prime 10 list. 1 is SoftBank which has not built community the stage of its investments. One more is Prosus, the digital financial commitment arm of Prosus, which does not spend by elevating money and therefore is also not on the list.

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