Baring Private Equity Partners India Ltd plans to launch its third India fund in the second half of 2007, with a corpus of at least $175 million (Rs717.5 crore) to target the energy and the knowledge process outsourcing (KPO) sectors, reported the Mint. The focus will be on alternative energy projects as they have a small gestation period and are comparatively smaller as compared to the conventional power projects.
Baring Private Equity Partners was founded in 1984 and has operations in Latin America, Europe, Russia, Asia and India. The company already has two funds operating in India with interests across sectors such as information technology, life sciences, financial services, energy and fast moving consumer goods.
Baring’s Indian operations started in 1997 with a $40 million fund and its second India fund of $175 million. Its two funds have invested in companies such as Mphasis BFL Software Ltd and Integra among others.
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