CPPIB shows faith in India’s private credit markets
The Canadian pension plan’s investment into Indian distressed assets is being driven by gradually improving fundamentals, said its global head of credit investments.
India's increasingly institutionalised and transparent financial markets, and in particular its relatively new bankruptcy code, are beginning to offer distressed debt opportunities for investors that possess enough sophistication and and on-the-ground expertise to find them, according to a senior executive at the Canada Pension Plan Investment Board (CPPIB).
On December 17 the C$409.5 billion ($308.3 billion) retirement fund announced a $225 million commitment to the India Resurg…
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