on its banks and financial institutions and another 40 on energy volatile oil prices forced looking beyond the usual safe havens for example cdpq which looked to deploying just under 3 billion in india by the end of 2016 alone buoyed by simpler rules smoother implementation of policy and a central government that is almost managerial in fixing problems and removing roadblocks through structural reforms only 89 of their 250 billion assets under management have so far been allocated for emerging markets including india in retrospect this inherent conservatism perhaps saved the canadian firms from the post lehman meltdown when most us firms bruised badly similarly us pe groups that rushed into india during 200408 era too has had a chequered portfolio most including the most sophisticated investors had burnt while navigating the complexities of the local market and its makers the canadians in comparison had no baggage to deal with while convincing their headquarters it took brookfield seven years after setting up its india outpost to break clutter and establish themselves as an owner and operator of high profile chunky assets and complex businesses in one of the largest commercial real estate transactions brookfield bought out unitech corporate parks plc ucp a portfolio of six assets including special economic zones and information technology it parks across the national capital region in 2014 for around rs 4700 crore thereafter last august it took over distressed gammon infrastructures six road and three power projects for an enterprise valuation of rs 2000 crore the hiranandani portfolio will now help them to break into mumbai while reliance is a far larger pan india play people ask us whether we are we a strategic buyer or a pe fund in fact we are a strategic that evolved into a private equity fund over a decade ago and so we actually bring both together rajan had told et in an earlier interaction its unlikely that brookfield will go for vanilla growth oriented companies they always look for opportunities with arbitrage of value creation quipped an entrepreneur who has worked closely with them recently they are financial guys but with a deep understanding of business issues like contracts operating assets for most of them now the wager is on the macro fundamentals even if the opportunities are specific and micro with average global growth at 2 indias growth prospects are attractive as long term investors we also recognize indias potential which rests on its economic fundamentals said anita marangoly george managing director south asia cdpq indias attractive labour force young and growing is one of its key assets progress is being made in indias governance through several structural reforms including the passage of the gst bill and the bankruptcy code among others all of these will contribute to strengthening the economic fundamentals of this country for patient capital providers growth is increasingly becoming difficult to find around the world and as the worlds 2nd fastestgrowing major economy india offers a runway that looks exciting