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• BanyanTree wraps up maiden fund with $100m 23 Jul 2010. Source: AltAssets. BanyanTree Capital Advisors, a private equity fund manager based in Mumbai, has reached the final closing of its maiden fund, BanyanTree Growth Capital, having raised “approximately” $100m.

• Evolvence Capital launches third India-focused fund 21 Jul 2010. Source: AltAssets. Dubai alternative investment firm Evolvence Capital has launched its third fund focused on India.

• Actis, Khazanah to invest $179m in IDFC 08 Jul 2010. Source: AltAssets. UK emerging markets-focused private equity firm Actis and Malaysian state investor Khazanah are to invest $179m in Indian infrastructure financier Infrastructure Development Finance Company (IDFC), according to reports.

• Indian PE investment triples in first six months of 2010 05 Jul 2010. Source: AltAssets. Private equity investment in India for the first half of this year has tripled the arid environment of 2009. According to Indian researcher Venture Intelligence, private equity dollars flowing into the rising economy during the year to June grew from $1.5bn in 2009 to $4.5bn so far in 2010.

• Blackstone in INR2.75bn India energy deal 02 Jul 2010. Source: AltAssets. The Blackstone Group has bought a 12.5 per cent stake in Indian power plant developer and energy producer Monnet Power Company for INR2.75bn ($59m).

• Warburg Pincus invests $85m in India healthcare company 28 Jun 2010. Source: AltAssets. US private equity firm Warburg Pincus has invested $85m in Metropolis Healthcare, India’s only multinational chain of diagnostic laboratories.

• Unilever veteran joins CD&R 24 Jun 2010. Source: AltAssets. Unilever veteran Manvinder Singh Banga has joined private equity firm Clayton, Dubilier & Rice as a London-based operating partner.

• Industrial fasteners business Deepak secures INR700m from BanyanTree 10 Jun 2010. Source: AltAssets. BanyanTree Growth Capital, a $125m fund operating out of Mumbai, has invested INR700m ($14.9m) in Deepak Fasteners, a manufacturer of industrial fasteners such as nuts and bolts and supplier to the F1 racing space.

• Carlyle invests $140m in four Asian deals 08 Jun 2010. Source: AltAssets. New York private equity firm Carlyle has continued its push into Asia with four growth deals across the continent.

• IDFC Private Equity gets behind India’s GMR Energy 07 Jun 2010. Source: AltAssets. India’s IDFC Private Equity has steered an investor group including Argonaut Ventures and Ascent Capital to invest INR4.65bn ($98.6m) in GMR Energy, a Bangalore-headquartered power generation corporation.

• Accel adds partner for India growth investments 02 Jun 2010. Source: AltAssets. Accel Partners, a venture capital firm headquartered in Silicon Valley, has added Prateek Dhawan to its India growth equity team as a principal, poaching him from Goldman Sachs Investment Partners where he led the fund’s private equity investments in the country.

• India’s IL&FS planning $350m mid-market PE fund 19 May 2010. Source: AltAssets. Indian listed private equity firm IL&FS Investment Managers is planning to start raising a $350m mid-market fund by the end of the year that will target both domestic and foreign investors.

• Buyers close in on Axis Bank’s PE unit 18 May 2010. Source: AltAssets. A number of buyers are circling the private equity arm of India’s Axis Bank, putting an end to speculation that the business would be bought out by management, according to the Economic Times.

• Ashmore to raise $750m India energy fund 14 May 2010. Source: AltAssets. Emerging markets asset manager Ashmore has launched a fund in association with power trading company PTC India that will target $750m to finance power projects in the Asian sub-continent.

• KKR builds Indian track record with cement company deal 10 May 2010. Source: AltAssets. Fresh off its investment in India’s Coffee Day Resorts, US buy-out firm Kohlberg Kravis Roberts & Co has made another deal in the country, investing INR7.5bn ($167.1m) in a subsidiary of Dalmia Cement.

• ICICI PE top brass quit to form new fund 04 May 2010. Source: AltAssets. The three top members at the private equity arm of India’s ICICI Bank have resigned to launch their own fund, according to Reuters.

• Actis teams up with Tata for $2bn highways joint venture 29 Apr 2010. Source: AltAssets. Emerging markets-focused private equity firm Actis is to team up with the infrastructure arm of Indian business conglomerate Tata to invest in roads and highways in the country.

• TPG Growth joins Bain in India investment 21 Apr 2010. Source: AltAssets. TPG Growth, the growth equity arm of US buy-out major TPG, has reportedly joined Bain Capital in making an equity investment in Indian clothing company Lilliput Kidswear, putting up $26m for a undisclosed stake.

• India’s Multiples Alternate Asset Management holds $250m first close 19 Apr 2010. Source: AltAssets. Multiples Alternate Asset Management, an Indian firm managed by the former managing director and CEO of ICICI Venture, has held a first close of its Domestic and International Fund on $250m.

• Bain Capital tries $60m India childrenswear company on for size 15 Apr 2010. Source: AltAssets. US private equity firm Bain Capital is to take a $60m equity stake in Indian clothing company Lilliput Kidswear from managing director  Sanjeev Narula and Everstone Capital, according to local newspapers.

• Summit Partners bets on Indian agriculture 09 Apr 2010. Source: AltAssets. Growth equity firm Summit Partners has closed its inaugural India deal, investing $30m in Krishidhan Seeds, a developer, producer and distributer of hybrid seeds for the farming industry.

• Blackstone backs Indian media group in $50m deal 08 Apr 2010. Source: AltAssets. US buy-out house The Blackstone Group has agreed to invest INR2.25bn ($50.4m) in Jagran Media Network, the parent of media company Jagran Prakashan, said to be India’s leading media and communications group.

• India sees $2bn private equity investment in Q1 2010 07 Apr 2010. Source: AltAssets. The first quarter of 2010 saw an 18-month high for private equity investment in Indian companies, with 56 deals bringing in $2bn during the year to 31 March 2010, according to research by Venture Intelligence. The figure dwarfs the $620m invested across 58 deals in the same quarter last year, and is over $300m up on the closing quarter of 2009.