The Indian private equity market has seen a record number of funds close this year but it is 2018 that is set to see records breached as more domestic vehicles set out to raise dry powder. According to a recent report by Preqin, in 2017 so far a record 24 India-based private equity funds have achieved closing, securing a combined sum of $2.9 billion. At present, there are 101 funds on the road targeting to raise around $14.4 billion.

(Deal Street Asia)