The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
3i has brought in a BPO expert to spearhead its foray. BhargavaÆs last job was as chief executive officer of Progeon, InfosysÆ BPO subsidiary. Under BhargavaÆs stewardship Progeon grew to an $86 million business with more than 7,000 employees.
3i announced its focus would be on buyouts with a value up to $1 billion or growth capital investments up to $150 million. Specifically, within the BPO sector 3i will look at companies with minimum revenues of Ç100 million in the financial services sector in the UK, Germany, the USA and India. Head of group markets, Chris Rowlands comments, ôThere are many exciting opportunities in the BPO market internationally. We are delighted that Akshaya has joined 3i to lead this new sector focus across our private equity business.ö
Bhargava has come full circle in returning to financial services as he took over at Progeon in 2003 after a 22 year long career with Citibank - where he was based in India, the Czech Republic and the UK. Bhargava has an MBA from the Indian Institute of Management, Calcutta.
In its second annual sustainable investment report, the sovereign wealth fund says it invested $1.79bn in ESG bonds. Experts say asset owners next need to consolidate their standards.
Senior executives at the Taiwan financial group and Canadian pension fund believe that companies have to make an ESG transition, and may not have a choice in a few years.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.