The top ten fund managers who run the PE funds have collectively invested over $12.18 billion
In a ranking of the top ten fund managers of PE funds last year, US-based fund TFCC came out on top in terms of the money invested here, according to research by VCCEdge which tracks private equity investments.
In December, TFCC acquired a 46 percent stake in little-known Chennai-based Ramcharan which is currently in chemicals distribution. However, it will now invest in the environment, energy management systems, and renewable energy system devices.
This catapulted TFCC to the top of the list with investments of $4.1 billion. For TFCC, which has a portfolio of $20 billion invested in South Asia, this was its first foray in India.
The top ten fund managers who run the PE funds have collectively invested over $12.18 billion. This accounts for around a fifth of the total investments for which public announcements on the specifics have been made by PE players in the country last year.
As VCCEdge’s study was based on what fund managers of these various funds had invested in the country, many PE groups such as Blackstone, which has numerous companies and funds under management, have three of its funds featuring in the top ten.
In second place is the CPP Investment Board, a global investment management organization that invests the assets of the Canadian Pension Plan. With a fund size of $541.5 billion, CPP has invested in multiple projects. To mention just two, it has invested $257 million in the infrastructure investment trust set up by the National Highways Authority of India for the acquisition of brownfield road projects and $800 million in Flipkart, its largest investment in 2021.
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