Positive signs from India
The last few years haven't been kind to Indian private equity. After a period of strong fundraising and bumper investment – a large portion of it into publicly-listed entities – the industry has largely been unable to deliver on the promise. Non-performers are already being weeded out as LPs, operating on a “I won’t give you money if you can’t show me money” basis, refuse to back new funds.
The question that remains with international investors is when will the consolidation be over? A colleague's feedback from a recent research trip to India is that it's business as usual. While there...
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