PRINT THIS PAGE Former Merrill Lynch professional launches India private equity fund22/01/2004. Source: AltAssets. 
 Former head of global markets at Merrill Lynch, Arshad Zakaria, is to launch a private equity fund focusing on investment opportunities in India. Zakaria had originally been tipped to take over as president of the bank before leaving in December last year as a result of internal disputes.
The new fund is likely to be focussed on private equity opportunities in healthcare, technology and pharmaceuticals, according to the Financial Times.
India has seen a sharp rise in international private equity investment activity in the last six months, largely attributable to the country’s strong economic performance. India’s growth prospects are believed to have spurred numerous deals that had previously been hampered by economic uncertainty.
Among other groups, Temasek Holdings and Standard Chartered Private Equity have recently launched a fund, the $100m fund Merlion India Fund in September last year. The jointly managed investment vehicle provides growth capital to Indian companies in a wide range of sectors.
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