The proposed investment will be in the range of $300-400 million. Novarete plans to expand its IT-enabled BPM platform in the healthcare, insurance and select banking and financial services (BFSI) sectors through organic growth and acquisitions. With the significant capital commitment from Hillhouse, Novarete plans to expand its team within a couple of months, said sources.
Hillhouse sets up private credit unit, eyes Asia-focused fund pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Hillhouse Investment, founded by Chinese dealmaker Lei Zhang, has made a number of senior hires for its new private credit team, three people with knowledge of the matter said.. -September 18, 2023 at 05:55 am EDT
- MarketScreener