Brookfield.

Brookfield's India book reads less like a private equity portfolio than a set of infrastructure utilities held as permanent capital: three of its four flagship vehicles are InvITs or a REIT, built to recycle cash through partial stake sales rather than a fund's forced exit clock. That model is working at real scale. Altius absorbed American Tower's 76,000 India sites (12 Sep 2024, ~$2.2bn EV) to become the country's largest telecom-infrastructure platform by site count — 258,111 sites, 22 circles, as of Mar 2026 — and converted from a privately placed to a publicly listed InvIT in Aug 2026, per SEBI's own filing. Brookfield India REIT's NOI grew 52% YoY in Q1 FY27 on the ₹13,125 Cr Ecoworld acquisition (announced 4 Nov 2025, closed 24 Dec 2025, part-funded by selling a 13% stake to 360 ONE Asset for ₹1,125 Cr in Apr 2026), and committed occupancy hit 93% (+4pp YoY, Jun 2026). But the realisation record is thinner than the asset base. ₹1,383 Cr of Energy Infrastructure Trust units placed with institutions (Sep 2025) and ₹3,656 Cr of Altius sold alongside GIC and BCI (Jun 2026) are capital recycling into existing vehicles, not the strategic sale or IPO of a full platform — the only clean full-platform monetisation on record is the 2022-23 roads sale to IndInfravit (~$1.2bn), now three years old. The $12bn Andhra Pradesh clean-energy and data-centre pledge (Nov 2025 CII Summit) is the next test of the gap between commitment and cash-on-cash: only the ₹7,500 Cr REC loan behind Evren's 1.04GW Kurnool project has visible financing behind it so far.

Asset quality & control 25% · Exit realisation 30% · Value creation 15% · Capital discipline 15% · Franchise stability 15% — the five contributions above sum to 74. Raw scores compare within private equity; across cohorts compare the tier. See the full GP Score methodology · compare this firm →

Recent public evidence mapped to this GP. Read this before reading the position table: it is where the score can move next.

Computed from the public dossier: vehicle cadence, realised exits, mark drift, concentration and franchise stability. All computed signals are GW estimates.

The live research question, the proof required, and the source standard. This prevents a GP score from becoming a stale label.

How hard the public record is beneath this view: source mix, freshness, low-confidence fields and the next source action.

Source tiering follows Gravitywell policy: primary = filing/regulator/company disclosure, secondary = reputable media or research, E = Gravitywell estimate. Evidence score is a GW control metric, not an external rating.

~$30bn deployed across infrastructure, real estate, renewable power and private equity since the 2009 India entry (E, per company disclosure, May 2025); 8 tracked platforms below, a representative slice of a much larger asset book.

Representative tracked positions reconstructed from public disclosures: not the full book. 12-mo signal is a GW estimate of mark direction from round/exit prints (E). Ownership stakes are not shown: not reliably public.

2025-26 cheques cluster in two places: office real estate bought through syndicated co-investment (Ecoworld's ₹13,125 Cr, with the REIT selling down 13% to 360 ONE and retaining ~87%; Godrej BKC 50/50 with NCW/Nuvama) and renewable-energy platform-building funded largely on Brookfield's own capital (Lumara's $600M, Evren's REC-financed Kurnool project). No new control PE deal has surfaced since IndoStar Capital in 2020 — the private-equity vertical is dormant relative to real assets.