Refinitiv Data indicates that the investments in local companies will remain strong
- ByStartupStory | April 19, 2022
Indian private equity and venture capital fund managers raised over $4 billion in the first quarter of 2022, indicating that private investments into local companies will remain strong in 2022, too, tracking record investments last year.
Data from leading financial markets tracker Refinitiv reveals that fund managers raised $4.4 billion in the March quarter, an over threefold increase from $1.23 billion in the December quarter. The funds raised were also significantly higher than the $1.61 billion raised in the same period a year earlier.
A report by IVCA-EY also pegged the fundraising amount at $4.6 billion this March quarter. Private equity and venture capital investments and exits record all-time highs of $77 billion and $43.2 billion, respectively in 2022.
Refinitiv data shows that the fundraising in the March quarter of 2022 was led by HDFC Capital’s affordable real estate fund, which bagged $1.8 billion, followed by National Infrastructure and Investment Fund’s strategic opportunities fund, which raised nearly 1.1 billion USD.
The robust fundraising comes at a time PE/VC investments in India continued to remain strong despite numerous geopolitical and global macroeconomic hindrances during the March quarter. According to the IVCA-EY monthly PE/VC roundup, the quarter also saw investments of $15.5 billion, a 54% jump from a year earlier.
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