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Blackstone to Double India Investments
14 Oct
Summary
- Blackstone plans to invest $100 billion in India within five years.
- The firm sees opportunities in private equity, real estate, and infrastructure.
- Foreign investors are expected to return to India's stock market soon.
Blackstone, a leading alternative asset manager, is set to significantly increase its investment in India, aiming for $100 billion in approximately five years. This ambitious target represents a doubling of its current $50 billion investment.
Jonathan Gray, Blackstone's chief operating officer, indicated that capital deployment would span diverse sectors. These include private equity, real estate, infrastructure expansion, credit, and growth equity opportunities. He expressed confidence in India's economic trajectory and market potential.
Gray also addressed the temporary departure of overseas investors from India's stock market. He predicts their return, attributing the recent caution to factors like rising energy costs. Continued mid-teen earnings growth, as anticipated, is expected to lure global investors back.
He emphasized the strength and ease of listing in India's capital markets, second only to the US. This robust market infrastructure is crucial for Blackstone, as it provides essential exit avenues for early investors and facilitates the repatriation of capital to its own investors.
