There are too many India-focused private equity funds. It is like a cottage industry. There will be a shake-up
Who said it: Sameer Sain, co-founder of Everstone Capital, an India-focused private equity firm with assets worth over USD 1.6 billion
In Context: Sain was quoted in an article reporting declining LP allocations to Indian PE funds and a fall in the number of private equity investments in the region this year. Activity was down by 25% and India now lags compared to Brazil and Russia. Indian private equity investment deals are valued at USD 3.98 billion in the second part of the year, down from USD 5.2 billion in the first half of the year. Three reasons were given by Sain for the current trend in India – negative headlines on local political and regulatory situation, unimpressive return on investments and a precarious global economy.
Where we found it: India Times