Gulf Family Offices’ India Investment Push Remains Limited
Gulf family offices are considering new investments in India, but private capital remains cautious despite deeper trade and business ties. UAE-based Crescent Group plans to invest at least $150 million in mid-sized Indian businesses, while Vamm Group expects its India allocation to remain broadly unchanged.
The move into Indian mid-sized businesses
UAE-based Crescent Group plans to invest at least $150 million in mid-sized Indian businesses.
Vamm Group, a Dubai-based single family office, is also looking at opportunities in India’s mid-cap market, although its overall India allocation is expected to remain broadly unchanged.
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Gulf sovereign wealth funds have allocated more than $30 billion to India over the past six years, but family offices and other private investors remain underweight relative to the scale of India-GCC trade and business links.
Vamm Group said its private-market allocations in India do not extend significantly to large capital-expenditure projects. “It’s in the small and mid-cap markets where we are bullish,” said Praveen Jain, the group’s chief investment officer, pointing to India’s defence and industrialisation drive.
The Iran war has made family offices more cautious, while the AI boom is drawing Gulf capital towards markets including China and Taiwan.
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