India-based private equity (PE) and venture capital (VC) fund managers now hold $28 billion in assets under management (AUMs) as of June 2018 (the latest data available), up from just $10 billion at the end of 2008. 2017 marked a record 35 India-based fund closures, securing an aggregate $3.6 billion, an all-time high, while 2018 continued that trend with 26 funds raising $3.3 billion. Fund-raising has been spurred by a virtuous cycle of strong distributions from private equity and venture capital funds driving investor appetite and reallocation. India-based PE and VC funds have returned more capital to investors than they called up in each year since 2014. Regulatory changes and government backing have contributed to a strong deals market.

(DealStreet Asia)