Switzerland-based global private markets investment management firm Partners Group is gearing up to invest around $1 billion in India over the next three to five years, The Economic Times reported citing company executives.
“India is a dynamic economy and it does not matter if it is slightly up or down for six months. We are taking a far longer-term view on the private market opportunities with an average five- to six-year horizon,” Andre Frei, partner and co-chief executive of the company, said in the report.
Partners Group, which is present in Asia since 1999, has backed several regional and local private equity and venture capital funds in India for over a decade as an investor and opened its first office in India in 2014.
It is estimated to have deployed around $800 million to date across three asset classes of PE, real estate and infrastructure. The firm is now setting its eyes on the PE practice. So far, it has made three investments in India, including the $270 million leveraged buyout of CSS Corp, a remote infrastructure management and technology support services firm, in 2013.
Partners Group is now looking at two-three such opportunities every year, said Manas Tandon, managing director and India head for Partners Group.
It would explore a mix of minority growth investments and control transactions in sectors such as consumer, financial services, healthcare, business services and technology with a $65-200 million sweet spot per transaction.
Founded in 1996, Partners Group is headquartered in Zug, Switzerland and employs about 700 people. It is listed on the SIX Swiss Exchange, with major ownership being held by its partners and employees.