Goldman Sachs Looks At Increased Investments In India: Report

As the interest in China wades globally, Goldman Sachs is reportedly all set to increase investments in India and other developed markets in Asia-Pacific. 

According to a Bloomberg report, the investment bank is looking to invest about 25 per cent of its recently raised USD 5.2 billion growth fund in the region. This fund is one of the largest growth funds of its kind and will look to acquire minority stakes with an average investment size of about USD 50 million in businesses that are in early to middle stages of growth.

Earlier this week, the New York-based bank led a USD 150 million (approx. Rs 1,240-crore) investment round in a insurtech firm InsuranceDekho along with TVS Capital Finds. It was the largest Series A round of funding by an insurtech startup in India.

According to Bloomberg, Stephanie Hui, co-head of alternative investing in Asia at Goldman Sachs Asset Management, said the bank has “dialed up” in India.

Hui had identified Japan, Korea and Australia as the other bright spots in the Asia-Pacific.

“Previously, say two to three years ago, the private equity market in Asia was very concentrated toward China due to sheer scale,” Hui said in the interview. “Now we are more geographically balanced.”