Warburg buys HDFC’s stake in Indian student housing startup Good Host
From Warburg Pincus homepage
April 22, 2021
Baskin Lake Investment Ltd, an affiliate of Warburg Pincus, has acquired mortgage financier HDFC Ltd’s 24.48% stake for ₹216.18 crore in Goldman Sachs Group Inc.-backed student housing startup Good Host Spaces Pvt. Ltd.
Baskin Lake, which has become a significant shareholder in the company through the acquisition, and existing shareholder Goldman Sachs will also support the future growth of Good Host by investing additional capital.
Goldman Sachs continues to be the majority shareholder in Good Host Spaces.
HDFC on Thursday evening said it has sold its 24.48% stake in Good Host and the latter has ceased to be a part of it.
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Insurance Companies Show a ‘Risk On’ Approach to Investing
Companies surveyed by GSAM are looking to invest in private equity and illiquid asset classes; DB plans might be interested in insurance companies’ views since they face some of the same risks as insurers.
Reported by
Goldman Sachs Asset Management (GSAM) has released its 10th annual Insurance Survey, which polled mostly larger firms in the insurance industry. Responses were collected from 286 firms representing $13 trillion in assets under management (AUM), or what GSAM says it thinks is more than half of industry assets.
Mike Siegel, global head of insurance asset management at GSAM, said during a GSAM roundtable that this year’s survey took a big turn toward a “risk on” attitude. “We haven’t had these kinds of readings since after the last recession when insurance companies re-risked,” he said. “Insurers face equity risk, credit risk, interest rate or duration risk, and liquidity risk.”