The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Ptarmigan Capital: Phillips eyes southern India

Morgan Stanley’s former head of securitization, Craig Phillips, re-emerged in March as the chairman, CEO and founder of a new alternative asset management firm called Ptarmigan Capital.

Craig Phillips, the chairman, CEO and founder of a new alternative asset management firm called Ptarmigan Capital

Craig Phillips: Indian growth is a sustainable trend

The firm will seek opportunities in global asset-based financial products, with the first fund focusing on real estate investments in southern India. Ptarmigan will join the other 35 big-ticket foreign funds that have entered the Indian market in search of good yields. A study by India Brand Equity Foundation (IBEF) predicted that another 20 funds would commit themselves to an interest in India in the first half of 2007, which would translate into $10 billion in foreign direct investment in real estate. With this inflow, one question that has been raised is whether the market can sustain such capital flows – are prices going to carry on increasing?

Phillips, who left Morgan Stanley in April 2006, is confident: "India’s economic growth is 9% per annum and the demographics and attractive labour force are all factors that make me convinced this is a sustainable trend," he says.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree