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Capvent expands into Asia with opening of India office

Private equity fund of funds manager, Capvent, has announced plans to expand into Asia with the launch of an office in India. The firm will make fund investments and co-investments exclusively in the Indian market.

'Our ten person office in India is already in operation,' said Tom Clausen, a managing partner of Capvent. 'I believe that we are the first significant fund advisory group to set up local investment operations to assist our US and European investors on their approach to private equity in India. While the sector is relatively small compared to the US and Europe, the number of exits achieved in the market has demonstrated that private equity is a viable and increasingly well accepted source of finance in India, especially for growth companies and in sectors where India is globally competitive.'

'This is the right time to capture the potential of the Indian economy,' Clausen continued. 'India is poised to become one of the world's largest economies by 2020. The country has proven itself by becoming one of the most globally competitive nations in services and in a host of other industries. It has an excellent environment for growth, and with that comes a need not only for capital, but also for our kind of investment expertise.'

Capvent is headquartered in Switzerland and also has offices in London. The firm has been investing in private equity since 2000 and currently advises on around $425m of capital on behalf a number of investors including RenditeWertBeteiligungen and several family offices.

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