Greater Pacific Capital plans $750M fund for China, India

London-based Greater Pacific Capital said today it plans to launch a $750 million fund next year to invest in China and India.

Pradeep Udhas, managing director of Greater Pacific Capital, told the Business Standard that the firm expects to focus on alternative energy, tooling, robotics and pharmaceuticals.

The firm's current $345 million fund is about 80 percent invested, with the capital split between India and China.

The $750 million fund was planned for the second quarter of 2009 but delayed because of market turmoil in the U.S. and Europe. Such uncertainty has led to some firms having trouble in raising funds, while others have benefited from lower company valuations (see More deals, fewer dollars for cleantech in '09?).

Greater Pacific was founded in 2005.

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