PRINT THIS PAGE Swiss Capvent seeks $250m to increase investment activities in India11/03/2005. Source: AltAssets. 
 Swiss fund of funds manager Capvent plans to raise $250m for co-investment in India and to invest in funds with a focus on India. Their ambition reflects the extent to which investors now consider the country's private equity market to have matured and the growing levels of institutional interest in the region.
The firm said it had observed and researched India together with other emerging private equity markets such as Russia and China for two years, and was confident about India's potential. It recently set up an office in India, in addition to its Zurich and London offices. Capvent advises on approximately €500m in commitments.
Capvent has already backed two funds with an India focus, one of which is the Baring India Fund.
US-based Carlyle Group is among the other private equity firms that invest in India. The firm has just announced that it will expand its pan-Asian investment activities and open an office in India besides new offices in Beijing, China and Mumbai. On the LP side, US pension fund CalPERS announced that it would increase its presently modest exposure to Indian private equity.
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