What’s holding back PE firms from making more bets on India’s edu-infra segment?

Late last year, an Indian affiliate of Hillhouse Investment—the Singapore-headquartered private equity firm founded by Chinese billionaire Lei Zhang—struck two deals in a sector that bulge-bracket PE firms have largely shunned despite its seemingly vast potential.   Alta Capital, the sole India operating partner of Hillhouse’s real estate arm Rava Partners, bought ......