The German insurer's recent investment in Kotak’s real estate debt platform is the latest sign that global asset owners are continuing to eye Indian private credit strategies.
Some of the country's family offices are aiming to build larger positions in unlisted investments in order to take advantage of its maturing alternative asset sector.
The Indian government will have to demonstrate it can deliver on its promises if it is to attract foreign investor capital into its ambitious infrastructure investment agenda.
Asset owners and managers are being drawn to private credit investments in China and India, but also other areas. However, Asia presents unique risk challenges too.
The country wants global asset owner funds to support a $1.5 trillion infrastructure pipeline and major asset divestment schemes, and also has a fast-growing credit investing need.
The Dutch pension giant is looking to invest more in the Philippines, Indonesia, Vietnam and India, with a particular focus on infrastructure, renewable energy and natural resources.