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Goldman growth fund increases bets on India as China interest cools

The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said

India, Indians, locals
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Cathy Chan | Bloomberg
Goldman Sachs Group Inc. is ramping up investing its clients money in India and developed markets in Asia-Pacific as interest in China cools amid political and economic friction.
 
The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said, who asked not to be named discussing internal information.

In an interview this month, Stephanie Hui, co-head of alternative investing in Asia at Goldman Sachs Asset Management, said the bank has “dialed up” in India, while overall investors are diverting some emerging market capital that was

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First Published: Feb 16 2023 | 8:11 AM IST

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