Top middle eastern investor says India tough market to invest. What does this mean?

Investcorp, which counts Abu Dhabi sovereign fund Mubadala Investment Co. among its shareholders, is finding it increasingly difficult to achieve its target to have $5b in assets in 5 years in India.

Known for its investments in luxury jewellery retailer Tiffany & Co. and luxury accessories and apparel brand Gucci, Investcorp entered India seven years ago by acquiring IDFC Alternatives Ltd’s private equity (PE) and real estate fund businesses.

Its head of India Investment Business said the slowdown in deployment is “not at all a function of not wanting to deploy but a function of a difficult market from a deployment point of view”.

https://www.dealstreetasia.com/stories/investcorp-india-strategy-437361