Anil Ahuja, former Asia head of private-equity firm 3i Group Plc, is seeking to raise $100 million from institutional investors for an India-focused hedge fund, saying buyouts are difficult to achieve in the country.
Indiareit Fund Advisors Pvt., which manages $1 billion in real estate assets, is delaying its $250 million overseas fundraising plan by six months to focus on investing for new clients won earlier this month.
Kotak Investment Advisors Ltd., which manages $1 billion in real estate assets, plans to raise $200 million for a private equity fund that will invest in residential properties in India’s biggest cities.
Tanda Srinivas was lounging in the yard of his two-room house in the southern Indian village of Mondrai shortly after noon on Oct. 28 when his wife, Shobha, burst out of the door covered in flames and screaming for help.
Rajat Gupta, the Goldman Sachs Group Inc. director who is being investigated by U.S. authorities over his links to Galleon Group LLC founder Raj Rajaratnam , had a long-standing business relationship with the billionaire hedge fund manager.
Private equity companies may struggle to recoup almost $565 million in investments in India’s microfinance industry since 2006 after a regulatory backlash led at least two firms to delay initial public offerings.
On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the world -- and brought along an elephant, which they tethered on the front lawn.