Venture Intelligence recently spoke to Johanna L. Klein, Investment Officer, Capital Markets and Financial Sectors Division of the Asian Development Bank (ADB), who is active in the multilateral development financial institution’s investments into private equity funds across Asian emerging markets. Venture Intelligence: What is ADB’s outlook on new Private Equity fund investments in India? Johanna Klein: Our starting point is that, as a development bank, we should always have some clear value addition in the role we play in private equity. Starting several years ago, there began to be a lot of money from commercial sources going into generic Indian PE funds, so we cut down our investing in sector-agnostic funds and started focusing on niche type funds. Subsequent to that, most of what we have invested in India has been in clean energy and cleantech type of funds. Going forward, apart from cleantech, we will look at the healthcare sector, the education sector, and other “bottom of the...