Blackstone appoints Ami Momaya to lead India infrastructure investments
Mumbai: Global private equity (PE) firm Blackstone has appointed Ami Momaya as managing director and head of infrastructure for India, launching the company’s infrastructure platform in the country and expanding its regional capabilities in the Asia-Pacific (Apac) region.
Momaya is Blackstone’s first private infrastructure hire in Apac. His appointment builds on the firm’s more than two decades of investment experience in Asia and signals a move to deploy global infrastructure expertise in one of the region’s fastest-growing markets.
“India is one of the most interesting infrastructure markets in the world, driven by strong economic growth, accelerating digitalization and ongoing policy support,” Momaya said.
Momaya joins Blackstone from KKR India, where he served as managing director. Prior to this, he held senior investment roles at the National Infrastructure Investment Fund (NIIF) and Morgan Stanley Investment Management. He spent 17 years at Morgan Stanley and played a key role in building the infrastructure business in India.
Sean Klimczak, head of global infrastructure at Blackstone, said: “Infrastructure remains a strategic priority for the firm, and we continue to see significant opportunities in Apac’s fast-growing markets. Establishing our platform in the region strengthens our ability to bring Blackstone’s global scale, expertise and long-term capital to invest in critical infrastructure that supports economic growth.”
infrared focus
Blackstone has identified three key areas of interest in India’s infrastructure market: digital infrastructure, energy transition driven by climate change, and transportation. The areas of focus are part of the firm’s broader global infrastructure strategy and are particularly relevant to India.
The digital infrastructure focus includes data centers and telecom towers. Blackstone’s $84 billion-asset infrastructure platform continued to gain momentum across Apac through investments including AirTrunk, the region’s leading data center platform.
The infrastructure move is part of a broader expansion of Blackstone’s India operations. The US-based investment firm last year outlined plans to establish its credit and infrastructure businesses in the country to complement its private equity and real estate operations.
The expansion comes as India has emerged as Blackstone’s best-performing region globally in terms of return on investment over the last 5 to 10 years. Private equity and real estate businesses also recorded a record year of growth in 2024. Mint It was previously reported.
Blackstone’s strong performance in India is expected to help the firm identify more investment opportunities and double its assets under management in the country over the next three years. .
