VCCircle

Mint has a story on how India-focused private equity funds have diversified their sources of capital from the pension and endowment funds in the US and Europe, the traditional bastions of limited partners, to the upcoming private equity havens like West Asia and Japan. That is not surprising since the region is sitting with a lot of capital, and of late they have been looking at private equity route to deploy this cash.
The big LPs from Asian region include Abu Dhabi Investment Company, Asian Development Bank, Dubai International Capital, Government of Singapore Investment Corp, while many smaller players like Capivest (formerly Khaleej Finance and Investment), Commercial Bank of Qatar, Dubai Islamic Bank, Kuwait Investment Authority etc.
The report quotes an instance of Asian LPs comprising of 70 per cent of IDFC Private Equity Co. Ltd’s second fund ($440 million), as a signal of things to come. Many other funds like Beacon India Advisors Pvt. Ltd (part of Dubai-based Baer Capital Partners), Helion Venture Partners and Baring Private Equity have also drawn funds from Asian LPs. Apparently Asian LPs accounted for more than 10 per cent of the private equity money that flowed to India although a timeframe is not mentioned.