US-based fund TFCC tops India's PE fund investor list of 2021

In a ranking of the top ten fund managers of PE funds last year, US-based fund TFCC came out on top in terms of the money invested here, according to research by VCCEdge which tracks private equity investments. In December, TFCC acquired a 46 percent stake in little-known Chennai-based Ramcharan which is currently in chemicals distribution. However, it will now invest in the environment, energy management systems, and renewable energy system devices.
This catapulted TFCC to the top of the list with investments of $4.1 billion. For TFCC, which has a portfolio of $20 billion invested in South Asia, this was its first foray in India. The top ten fund managers who run the PE funds have collectively invested over $12.18 billion. This accounts for around a fifth of the total investments for which public announcements on the specifics have been made by PE players in the country last year.