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US private equity giant Blackstone overtook Saudi Arabia’s sovereign wealth fund Public Investment Fund to claim the top slot among private equity and sovereign funds in terms of investment in India in 2021.
Blackstone invested $4.9 billion in India in 2021, compared with the $3.3 billion that was invested by PIF to win the top slot in 2020, according to the India Private Equity Report of 2022 released by Bain and Company with Indian Venture and Alternate Capital Association on Wednesday. In 2020, with investments of $1.6 billion, Blackstone was eighth in the pecking order.
The PE firm that seems
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