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Corporate
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Venture Capital
Baseline launches investment firm
Hyderabad, Nov.7
Baseline, a private-equity company, has launched an
India-specific firm to invest in medium-sized
companies that have potential to grow. The company
plans to invest in the range of $50-100 million in the first
year. "We will focus on sectors like energy, retail,
technology, life sciences, infrastructure," Mr Bharani
Bobba, a partner in Baseline, said.
Addressing a press
conference here on Wednesday, he said Wexford Capital
LLC, the US investment advisor with over $7 billion of
assets under management, would provide the initial
capital. He said the company was in talks with a few firms
for possible opportunities of investment. Dr Ramesh
Babu Byrapaneni, another partner in Baseline, said the
PE firm was close to concluding a deal. He, however,
didn't name the company. - Our Bureau
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