New York co to invest $100 mn in India
Foreign private equity funds are betting big on India to cash in on the investment boom in sectors ranging from realty to technology.
By TNN |
HYDERABAD: Foreign private equity funds are betting big on India to cash in on the investment boom in sectors ranging from realty to technology.
New York based Baseline, a private equity firm, is the latest entrant after biggies such as Blackstone, Goldman Sachs and Actis. The PE firm is set to invest $50-100 million to fund realty, infrastructure, power, retail and technology companies. The investments are expected to flow in a year’s time. It is also open to picking up an equity stake in mid sized companies.
“We are eyeing power generation, real estate, infrastructure, life science and technology based knowledge process outsourcing (KPOs) firms. To begin with, we will expand in the south especially Hyderabad, Bangalore and Chennai. We will eventually move to other regions,” Brooks Schaden Partner and Founder of Baseline.
Baseline will initially target medium sized companies that have a strong business model. Wexford Capital LLC an investment advisory firm has affiliated with Baseline to fund its initial investments in India.
Wexford is the sole investor in Baseline to fund its expansion plans in India. Wexford has over $7 billion assets under management and has over twelve years of experience in hedge funds and private equity investment.
Baseline has executed over 120 advisory and capital raising transactions over $100 billion in value through its partnership with Wexford Capital LLC.
New York based Baseline, a private equity firm, is the latest entrant after biggies such as Blackstone, Goldman Sachs and Actis. The PE firm is set to invest $50-100 million to fund realty, infrastructure, power, retail and technology companies. The investments are expected to flow in a year’s time. It is also open to picking up an equity stake in mid sized companies.
“We are eyeing power generation, real estate, infrastructure, life science and technology based knowledge process outsourcing (KPOs) firms. To begin with, we will expand in the south especially Hyderabad, Bangalore and Chennai. We will eventually move to other regions,” Brooks Schaden Partner and Founder of Baseline.
Baseline will initially target medium sized companies that have a strong business model. Wexford Capital LLC an investment advisory firm has affiliated with Baseline to fund its initial investments in India.
Wexford is the sole investor in Baseline to fund its expansion plans in India. Wexford has over $7 billion assets under management and has over twelve years of experience in hedge funds and private equity investment.
Baseline has executed over 120 advisory and capital raising transactions over $100 billion in value through its partnership with Wexford Capital LLC.
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