How GIP expanded and then shrank its India infrastructure portfolio

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Five years ago, US-based private equity firm Global Infrastructure Partners (GIP) became the latest among a slew of marquee players to enter India’s infrastructure sector.    GIP entered the country by acquiring the infrastructure asset management business of multi-asset manager IDFC Alternatives Ltd in April 2018. This, as VCCircle first reported a month before the official announcement, had been a rare secondaries deal—where a PE firm sells its portfolio ......