June 24, 2024
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Investing ecosystem in India needs more domestic pools of capital: IVCA

The Indian Venture and Alternate Capital Association (IVCA) has announced its new executive committee for 2024-26, with Ashley Menezes of ChrysCapital as Chairperson and Srini Sriniwasan of Kotak Alternate as Vice Chairperson. IVCA’s main priorities for the upcoming years include boosting domestic capital, simplifying processes for international investors, strengthening infrastructure and real estate investments, promoting private credit and Category III funds, and focusing on climate-related investments.

In discussions with CNBC-TV18’s Nisha Poddar, Menezes highlighted the need to encourage more domestic pools of capital to align with India’s self-reliance goals. Sriniwasan emphasized the importance of institutional participation in capital formation and addressed concerns about evolving regulations for Alternative Investment Funds (AIFs), indicating a constructive dialogue with regulators to streamline processes and ensure market integrity.

According to a report by IVCA and Bain & Co, Indian private equity deal value has returned to pre-pandemic levels, with a focus on existing portfolios and traditional sectors like healthcare and advanced manufacturing. Venture capital investments declined, but private equity deal activity remained robust, particularly in buyout transactions. Artificial intelligence emerged as a promising area for investment. India’s share of Asia-Pacific PE-VC investments has grown, attracting both domestic and global capital across various sectors and asset classes.

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