June 18, 2019
Indian private equity may not yet be ready to be centerpiece of an investor’s private markets portfolio, but after two decades of growing pains, the sector is showing signs of promise. Any investor keen on tapping into the country’s strong secular tailwinds and adding geographic diversification to their portfolios should begin building relationships with the many GPs who survived the tumult and emerged smarter and more resilient as a result.
Continuity, in the form of a second term for Prime Minister Modi, should also create an environment that allows business conditions to improve. Partnering with local managers who understand India’s idiosyncrasies can help investors descend into the particular, to better understand attractive opportunities in VC, growth equity, and structured credit strategies..