Blackstone’s private equity funds have now invested a total of $3.5 billion in India. Blackstone recorded an annualized internal rate of return of about 30% on its India private equity investments since 2011, the highest among its markets worldwide, according to the person. Blackstone, which earlier bought minority stakes in India, has decided it won’t be a passive investor, according to Dixit. “They have changed the narrative amongst private equity firms in India that you need local business families to be partners.”In 2016, Blackstone sealed its largest purchase yet in India. “The private equity sector was finding its feet in the country.”Better climateBlackstone’s private equity funds have now invested a total of $3.5 billion in India.

Source: Mint March 12, 2018 03:00 UTC