The private equity practice is seeking to bolster its Singapore presence further.
Schroders Capital has appointed Ankita Baheti as its private equity investment director based in Singapore as the firm seeks to bolster the practice further in Singapore.
The firm has plans to increase its Singapore headcount in the coming months.
Baheti’s appointment is part of Schroders Capital’s expansion plans as well as to address the investment opportunities in the secondaries and direct/co-investments segments in Asia.
She will focus on the secondaries market, leveraging her background in finance and an eight-year stint encompassing diverse roles across various sectors. Before joining Schroders Capital, Baheti served as vice president at TPG NewQuest in Mumbai, India.
Schroders Capital maintains a favourable view on China and India as it sees attractive opportunities in the world’s leading growth markets.
In China, the strategy will continue to focus on Renminbi investments for access to local assets by global investors through Schroders Capital qualified foreign limited partnership (QFLP) quotas, with plans to expand the business setup to also raise funds from Chinese domestic investors.
In India, the business will continue to build on its extensive network of local fund manager relationships and its experience with direct/co-investments and secondary transactions.
Schroders Capital has private equity funds that focus on Asia as well as China only through QFLP and is also in process of establishing a dedicated India product.
“The South Asian markets offer interesting and differentiated opportunities as the region’s economies grow and investors are increasingly seeking out alternative sources of return. As a private asset hub, we are delighted to support the build-out of our private equity capabilities adding to the existing platform of Asian Real Estate and BlueOrchard Impact Investing from Singapore,” says Schroders head of South Asia and Singapore CEO Lily Choh.
Schroders Capital currently transacts on about 100 investments globally per year, including primary funds, direct/co-investments and secondary investments, at a volume of around US$2.5 billion per annum. Of this, more than half are in direct/co-investments and secondaries.