Now Reading: Hillhouse plans to double India investments to $4 billion
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Hillhouse plans to double India investments to $4 billion
Singapore-based Hillhouse Investments has deployed over $2 billion in India across real estate, private equity and credit, with total assets under management approaching $4 billion. The firm plans to double its India…
The Story in Brief
Singapore-based Hillhouse Investments has deployed over $2 billion in India across real estate, private equity and credit, with total assets under management approaching $4 billion. The firm plans to double its India investments over the next 2-3 years, Joe Gagnon, co-head of Real Assets, told ET. India is now Hillhouse's largest real estate market in Asia, accounting for about a third of its investments, with over $1 billion in equity deployed.
Data centres are a major long-term focus for Hillhouse, with a separate co-investment pool that could run into several billion dollars. Siddhartha Gupta of partner Alta Capital noted India generates 20% of global data but has only 2-3% of data centre capacity, compared with 35-50 GW in China. The firm aims to be among three to five significant players in what it calls 'new economy' infrastructure sectors.
The Indian Opinion
Foreign capital cheering India's data centre story is welcome, but the numbers need scrutiny. India generates 20% of global data yet has only 2-3% of data centre capacity, Hillhouse claims. That gap is real, but building 35-50 GW capacity like China requires cheap land, power and policy consistency across states. Watch if Hillhouse converts its $2 billion deployment into actual megawatts sanctioned, not just announcements. Or is this another case of global money chasing a narrative while local developers struggle with power tariffs and clearances?
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
