Swedish private equity giant EQT AB has exceeded its initial $5bn investment target in India, pouring approximately $6bn into the country over the last 18 months, according to a report by Reuters citing Jean Eric Salata, the firm’s Asia CEO and Chair.
Speaking at a media briefing, Salata emphasised the firm’s confidence in India as a high-potential investment destination, driven by strong deal activity and opportunities in key sectors like healthcare, technology, and infrastructure, saying: “India remains an extremely attractive investment destination for international investors like us.”
In the past two years, EQT, which manages $295bn in global assets, has raised $2.4bn through exits in the country, including the public listing of healthcare services provider Sagility India.
The firm is now planning to expand investments in healthcare and technology, while also targeting real estate and infrastructure. Recent moves include the acquisition of HDFC Credila, a stake in Indira IVF, and investment in AIG Hospitals.
Earlier this year, the BPEA EQT MMG fund raised $1.6bn, with plans to focus on mid-market buyouts in India, Southeast Asia, Japan, and Australia.
EQT’s increased focus on India follows its 2022 merger with Baring Private Equity Asia in a $6.5bn deal, which has allowed the firm to deepen its engagement with Indian markets, particularly in financial services, healthcare, and mid-market growth opportunities.
