VCCircle India Limited Partners Summit 2015, to be held on February 18, 2015, Trident Nariman Point, Mumbai, will bring out a curated gathering of marquee international & domestic limited partners, leading general partners, first time fund managers, prominent entrepreneurs and partners from top investment banks, law firms & advisory firms.
Talking about the Indian current deal making environment, Anand Prasanna,Director, Private Assets (Shanghai), Morgan Creek, said, “Now is a good time to invest in India. The challenge for managers is to figure out how to ensure not to be carried away by euphoria and not to make past mistakes so that they can make good risk adjusted returns from India.”
Jane Rowe,Head Private Equity,Senior Vice-President, Ontario Teachers’ Pension Plan, said, “Teachers’ is in the early stages of exploring the private equity market. Our initial investment themes are based primarily on opportunities flowing from increased urbanisation and a growing middle class of consumers”
Nupur Garg, Regional Lead – Private Equity Funds,IFC, said, “The mood in the economy is quite upbeat and investing sentiment seems to be strengthening though results are yet to be seen in terms of exits and attractive returns. PE fundraising and deal making levels are still lagging behind pre-crisis numbers, especially if you filter out capital targeted towards early stage and tech investments. That said, we believe there is a strong need for private capital in the economy, which means that private equity funds continue to have the opportunity and role to participate in India’s growth. The key would be maintaining investing discipline within this build-up of optimism – it is time for the industry to demonstrate that it has matured in the last few years and is implementing the lessons learned. “
One of Asia’s largest LPs said it plans to take a cautious approach in the coming six to 12 months, as there is a lot of euphoria around Indian market but it hasn’t seen much changes in terms of valuations, exits considering PE as an asset class.
Key sectors LPs are watching out for in India include technology investments, online services, healthcare and consumer facing businesses.
Besides, LPs attending VCCircle India Limited Partner Summit on February 18 think the event will set the tone for more LPs to look actively at India as an investment destination. They would also want to understand what GPs are going to do differently in this cycle and expect the event to bring together different industry stakeholders to discuss their outlook.
The winners of VCCircle Awards 2015 will be announced at the summit, followed by dinner.
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