NYLIM Jacob Ballas Asset Management Company III LLC

NYLIM Jacob Ballas Asset Management Company III LLC

NYLIM Jacob Ballas Asset Management Company III LLC is part of a series of India-focused private equity funds managed by New York Life Investment Management's affiliate in the country. The fund builds on the track record of earlier vehicles in the Jacob Ballas series, which began raising capital in the mid-2000s. The firm invests primarily in growth-stage companies, with sector agnosticism although it has shown a tilt toward healthcare, financial services, and consumer goods. Deployment typically follows a minority-stake strategy, with check sizes ranging from $10 million to $30 million. Known portfolio exposures include investments in Indian healthcare firm Apex Hospitals and financial services company SBI Cards (per regulatory filings, 2017). The fund operates across major Indian cities, including Mumbai and Bangalore, and co-invests alongside other institutional backers. The vehicle is managed by a team of investment professionals based in India, led by senior partners with backgrounds in Indian private equity. Adjacent vehicles in the NYLIM Jacob Ballas series have included earlier vintages focused on similar strategies. The fund typically maintains a 10-year life cycle. The structural distinctiveness lies in its mandate to serve New York Life's insurance general account as a direct Indian PE allocation, bypassing typical fund-of-funds layers. This allows the fund to take a long-dated view consistent with insurance liability matching, while operating with an India-based local team.