Investments by private equity and venture capital funds surged 60 per cent to a record high of USD 26 billion in 2017, while the bull markets helped register highest ever exits in a year, a report said today. The exits grew 60 per cent to USD 15.7 billion with the public market being the preferred mode, consultant Bain & Company said. Terming the year as a "strong year" for the private equity market, its partner Arpan Sheth attributed the rise to improving economic indicators, formalisation of the economy, and steps like passage of the bankruptcy law to address the non performing assets issue. From a fund raising perspective, there was a 48 per cent increase with India-focussed funds raising USD 5.7 billion, it said, with a bulk USD 5.1 billion being raised by alternate investment funds like those looking for assets in distress. The quantum of "dry powder", or the investible money which the funds are sitting on, is constant at USD 9 billion at the end of the year, ..
The investments in Jan were valued at $1.2 bn in 43 deals against $1.28 bn in 46 deals