Mumbai: Canadian alternative asset manager Brookfield Asset Management trumped US private equity firm Blackstone to emerge as the largest private capital investor in India in 2019, lifted by deals with Reliance Industries Ltd (RIL).

Investments by Brookfield totalled nearly $6.28 billion last year across private equity and real estate, far outpacing the $2.38 billion in investments by Blackstone, according to deals tracker Venture Intelligence.

To be sure, for the four years through 2018, Blackstone had topped the list with investments of $4.34 billion, more than double Brookfield’s nearly $2.07 billion.

That changed last year when Brookfield signed deals with billionaire Mukesh Ambani-controlled RIL. Brookfield made a $3.6 billion buyout of the telecom infrastructure assets of RIL’s subsidiary, Reliance Jio Infocomm Ltd. It was the largest ever deal in India made by a private equity investor.

Source - https://www.livemint.com/companies/news/brookfield-overtakes-blackstone-as-largest-private-investor-in-india-11581443602793.html