AVCJ India report shows PE making strides
The themes common to any discussion on Indian private equity are still there today, but instead of debate, the 2011 AVCJ India Private Equity and Venture Capital report showed steady progress and lessons learned. PIPEs are down by nearly two-thirds – a welcome trend for many LPs. More deals are being done, taking care of some percentage of the capital overhang currently in the mix; and while fundraising numbers are at an all-time low, LPs maintain they have not changed their allocations.
Instead, investors are waiting to see who can produce returns before increasing allocations to the Subcontinent. With FDI down from $37.7 billion to $25 billion year-on-year, private equity's share of...
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