From a year-to-date perspective, the first ten months of the year have seen deals of USD 37.5 billion, which is 5 per cent lower than the same period last year.
"However, investments in Reliance Group entities account for 40 per cent of these investments. Excluding this outlier, the PE/VC investments are 43 per cent lower than the same period last year," its partner Vivek Soni said.
He said we are still not out of the woods as yet and there are still concerns on global growth outlook despite the US elections outcome as countries in the European region are going into the second round of lockdowns.
"We expect Indian PE/VC investing activity to remain circumspect and overweight towards larger transactions involving high quality assets in select sectors," he said.
Private equity exits have witnessed a slowdown. October witnessed muted activity with only nine deals of USD 288 million mainly supported by open market activity, the firm said.
On the back of Edelweiss Asset Management's USD 900 million fundraise, the total dry powder for future investments went up three times to USD 1.5 billion in October as compared to the year-ago period, it said.
Dry powder refers to cash reserves that private equity funds have on hand to deploy when an attractive investment opportunity arises.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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