The New York-based company plans to invest more than the couple of billion dollars it typically deploys annually in India, joining global buyout firms looking for growth. India is now Warburg Pincus’s largest market outside the US, accounting for a double-digit percentage of its global assets under management. The firm manages more than $100 billion.
“Indian companies are now increasingly looking beyond their domestic borders, creating opportunities that span multiple markets and require partners with global resources and capabilities,” Chief Executive Officer Jeffrey Perlman said.
Asia is expected to generate 50% to 60% of global economic growth over the next decade, Perlman said, noting that capital has shifted away from the US over the past year.
“This is going to be a net positive in terms of some of that capital shifting to this part of the world,” Perlman said.
(Edited by : Srabastee Biswas)
