Singapore’s GIC won the investor’s cricket tournament in Mumbai

MUMBAI: The sovereign wealth fund of Singapore GIC recently beat the US private equity major Carlyle in a cricket tournament.

The cricket tournament was organised in Mumbai over the weekend was meant for only institutional investors had witnessed around 15 teams fighting around 52 matches to won a cricket trophy.

The other teams were from PE majors including AION Partners, Apax Partners, Avendus Capital, Bain Capital, Blackstone Brookfield, KKR, Macquarie Group, NIIF, Piramal Capital, SoftBank, Temasek Holdings, and TPG.


This was the second season of the cricket tournament organised by the law firm Khaitan & Co for PE investors.

“Quality of cricket was several notches higher than the previous edition,” said Aakash Choubey, Partner, Khaitan & Co. “It was one of those rare days when firms chased the cricket ball instead of quality assets.”

National Investment & Infrastructure Fund (NIIF), an Indian sovereign wealth fund and an Indian unit of private equity major Blackstone were semi-finalists in the cricket tournament.