The report said that from January to June this year, PE/VC investment increased by 8% to US$31.5 billion

2024-07-22 16:14:53

Investments by private equity and venture capital funds rose 8% year-on-year to $31.5 billion in the first half of 2024, according to a report released on Monday. The amount of money invested was 30% higher than in the July-December 2023 period, according to the report by industry lobby group IVCA and consultancy EY. In terms of transaction volume, the number of transactions increased to 654 in the six months from 441 in the first six months and 439 in the same period last year.

“Despite valuation challenges, India remains a bright spot for deals, with its PE/VC ecosystem continuing to innovate, identify investment opportunities and take advantage of buoyant exit conditions,” said Vivek Soni, partner at the consultancy.

Pure PE/VC investment (excluding real estate and infrastructure sectors) in the first half of 2024 was US$18.6 billion, up 20% from US$15.5 billion in the same period last year.

In the first half of 2024, there were 69 large transactions, each worth more than $100 million, totaling $22.6 billion, while in the first six months there were 61 large transactions totaling $18.1 billion.

The deals included Brookfield’s $2 billion acquisition of ATC India Tower Corporation, followed by two $1.5 billion deals, including Macquarie’s acquisitions of Vertelo and ADIA, and KKR’s investment in Reliance Retail Ventures’ warehouse assets. The value of exit deals rose 18% to $11 billion, compared with $9.4 billion in the same period last year, but was down by about a third from $15.5 billion in the first six months.

The report said that in the first half of this fiscal year, 45 funds raised $6.7 billion, down 34% from the same period last year.

1721680495
#report #January #June #year #PEVC #investment #increased #US31.5 #billion