We plan to invest $150 mn a year in India

JPMorgan Chase & Co, the US-based financial services major with assets worth $1.5 trillion, earmarked $750 million (Rs 3,000 crore) early this year for private equity investments in Asia. Interestingly, the $750 million fund is its own capital (in the PE lingo it is called proprietary capital, which means its own money as opposed to the borrowed money).Business Standard’s Vandana and Reena Zachariah caught up with Varun Bery, managing director and co-head, Private Capital Asia, JPMorgan, who spoke on a range of issues, including the impact of the US sub-prime crisis on PE investments in India, its investment strategy and the crowded PE market in India