DWS has signed agreements to invest in a 40% equity stake in Nippon Life India AIF Management Limited (NIAIF), a subsidiary of Nippon Life India Asset Management Ltd (NAMI).
DWS and NAMI aim for the joint venture to develop into a leading, scalable alternatives platform, enabling both Indian and international investors to participate in the long-term growth opportunities of the Indian alternatives market.
NIAIF is still in an early growth phase and has so far built a comprehensive alternatives product portfolio across private credit, listed equities, real estate and venture capital. As part of the joint venture, the product offering is intended to be further expanded and its reach extended to offshore investors.
Closing of the transaction remains subject to the required regulatory approvals as well as other business-related conditions.
