 "PE player Blackstone acquires Serco's India BPO unit")
The planned entry of Blackstone in private debt business is expected to increase the competition in non bank lending business, say the industry veterans.
With the foray, Blackstone is expected to compete with the likes of KKR, Indostar, Indiainfoline, JM Financial, Edelweiss, Piramal Finance, Iamong others besides host of mutual funds, alternate investment funds who do debt deals.
"Blackstone's foray signals the positive outlook for demand for credit," said Vimal Bhandari, managing director at Indostar Capital Finance, promoted by Everstone, Goldman Sachs and others.
The firm, which manages about $90 billion in credit globally, will make the investments from a fund managed by
