Tuesday, May 21, 2013

VCCircle

Mergers, Acquisitions, Private Equity, Venture Capital, Investment Banking

VCCircle India Limited Partners Summit 2013

Year 2012 has been much more challenging for PEs than the previous year as exits improved but deals slipped. India's economy grew at its slowest pace in nine years, the rupee became the worst performing currency in Asia this year, inflation remains high and industrial production has stalled. The economic problems were compounded by regulatory uncertainties related to measures like GAAR (General Anti Avoidance Rules).

This has downgraded India as an asset class among LPs and has reflected on fundraising. With the latest market feedback, it appears Indian PE has finished the phase of correction of LPs return expectations. PE funds are also reassessing their investment strategies, increasingly shifting PE dollars from infrastructure to consumption driven plays. PE investors have also started to look beyond capital markets for exits as they increasingly explore secondary transactions and M&A deals. India-focused venture capital funds have added a record amount of over $1 billion as ‘dry powder’ over the past 12-14 months.

The good news is emerging markets like India will continue to be among the front-runner destinations in terms of the allocation priority of global LPs.

In this context, VCCircle is launching the 4th edition of its successful VCCircle India Limited Partners Summit on 20th - 21st February, JW Marriott, Mumbai, which will assess India's private equity and venture capital theses, the opportunities, the investment enablers and the ecosystem challenges, all these addressing the LP and GP concerns with regards to investing in India.

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