2017 was the year that sovereign wealth funds really embraced the Indian market.
The world’s largest democracy has become an increasingly attractive investment destination for investors looking for long-term growth. The International Monetary Fund expects India’s gross domestic product to grow at 7.4% in 2018 and 7.8% in 2019, overtaking China as the world’s fastest-growing economy.
SWFs did brave India’s notoriously tricky private markets, frequently with a local partner with the knowledge to successfully execute real estate development projects and manage assets. However, SWFs’ preferred way of accessing India’s economy was as anchor investors in IPOs.
Source: IFSWF Database