After a precipitous drop in early 2019, investor appetite for Asia-focused buyout funds appears to have made a comeback. With more cash in their bags, private equity funds, such as Hillhouse, CITIC Capital and MBK Partners, are gearing up to make big investments in 2020.
The Indian group's recent financing has set the tone for a decade when ESG financing will increasingly take centre stage. Its CEO tells FinanceAsia how it passed muster with investors and what is next for the pioneering credit.
Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.