Bahrain-based alternatives manager Investcorp is set to massively increase its holdings in Indian assets.
According to a Bloomberg report, the firm will invest US$1 billion annually over the next five years.
This is a sizeable increase on its current annual investment levels of $600 million.
In an interview with Bloomberg News, Investcorp executive chairman Mohammed Alardhi said the firm’s India plans include a new credit strategy, stronger emphasis on infrastructure deals and finding a target for its special purpose acquisition company (Spac) Investcorp India Acquisition Corp.
Investcorp opened a second India office earlier this year and also appointed veteran emerging markets investor Mark Mobius to its India executive board.
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