Private markets investor Partners Group has opened its first Indian office in Mumbai, increasing its total number of offices around the globe to 17.
Partners managing director Cyrus Driver will head the new office and continue to build out the firm’s investment activities on the ground, the firm said.
In 2013, Partners Group made two India-related private equity investments: an investment in global technology support services company CSS Corp, which has a large delivery presence in India, and an additional investment in a chain of schools.
“For the past two years, we’ve been somewhat contrarian in remaining bullish on India. Valuations have largely come down from the high levels of a few years back and we believe it is a great time to invest in private markets here. On the private equity side, we showed our commitment to India last year with two transactions. Looking ahead, we have a full pipeline and are actively pursuing investments”, said Driver.
Christoph Rubeli, partner and co-CEO at Partners Group, added, “The opening of our Mumbai office is directly in line with our belief that a deep local network is critical to sourcing attractive opportunities across all private markets asset classes. We have been direct investors in India since 2006. Although we held back when valuations were at their peak, we believe the market currently offers compelling opportunities that fit with our private markets relative value investment approach.”
Partners Group has over €30bn in investment programs under management in private equity, private real estate, private infrastructure and private debt.
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