PE/VC Investments Soar to $18.6 Billion in H1 2024
ECONOMY & POLICY

PE/VC Investments Soar to $18.6 Billion in H1 2024

Pure play private equity (PE) and venture capital (VC) investments in India, excluding the real estate and infrastructure sectors, reached $18.6 billion in the first half (H1) of 2024. This marks a 20% increase compared to the $15.5 billion invested during the same period last year.

A total of 69 large deals, each valued at over $100 million, contributed significantly to this growth, totaling $22.6 billion in H1 2024. This is an increase from the 61 large deals worth $18.1 billion in the preceding six months. Notable transactions include Brookfield's acquisition of ATC India Tower Corporation for $2 billion, as well as two $1.5 billion deals involving Macquarie's acquisition of Vertelo and a joint investment by ADIA and KKR in Reliance Retail Ventures' warehousing assets.

Exit activity also saw an uptick, with values increasing by 18% to $11 billion compared to $9.4 billion in the previous year. However, this was a decrease of about one-third compared to the $15.5 billion in exits recorded in the latter half of 2023.

Despite the robust investment and exit activities, fundraising efforts were subdued. A total of $6.7 billion was raised by 45 funds in H1 2024, reflecting a 34% decline from the same period last year.

The report underscores the dynamic nature of the PE/VC landscape in India, highlighting the role of strategic acquisitions and large-scale deals in driving investment growth while also pointing to challenges in fundraising efforts.

Pure play private equity (PE) and venture capital (VC) investments in India, excluding the real estate and infrastructure sectors, reached $18.6 billion in the first half (H1) of 2024. This marks a 20% increase compared to the $15.5 billion invested during the same period last year. A total of 69 large deals, each valued at over $100 million, contributed significantly to this growth, totaling $22.6 billion in H1 2024. This is an increase from the 61 large deals worth $18.1 billion in the preceding six months. Notable transactions include Brookfield's acquisition of ATC India Tower Corporation for $2 billion, as well as two $1.5 billion deals involving Macquarie's acquisition of Vertelo and a joint investment by ADIA and KKR in Reliance Retail Ventures' warehousing assets. Exit activity also saw an uptick, with values increasing by 18% to $11 billion compared to $9.4 billion in the previous year. However, this was a decrease of about one-third compared to the $15.5 billion in exits recorded in the latter half of 2023. Despite the robust investment and exit activities, fundraising efforts were subdued. A total of $6.7 billion was raised by 45 funds in H1 2024, reflecting a 34% decline from the same period last year. The report underscores the dynamic nature of the PE/VC landscape in India, highlighting the role of strategic acquisitions and large-scale deals in driving investment growth while also pointing to challenges in fundraising efforts.

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