India’s Top Asset Manager Said to Plan $200 Million Tech Fund
Bloomberg 2026-07-23 05:07:26
Context: SBI Funds Management, India's largest asset manager, is planning to launch its first technology-focused fund for private firms, a move that aligns with its rivals in the rapidly growing alternative investment fund industry. This initiative is part of a broader trend of asset managers expanding into alternative investments. The fund is expected to have a significant presence in the Indian tech investment landscape.
Key Facts
- SBI Funds Management is planning a technology-focused fund worth $200 million for private firms, according to people familiar with the matter.
- The planned fund would mark SBI Funds Management's entry into the alternative investment fund industry, specifically in the technology sector.
- This move by SBI Funds Management follows its rivals who have been bulking up in the fast-growing alternative investment fund industry.