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Private Equity Fund Managers in India

by Louise Maddy

  • 10 Aug 2011
  • PE

Preqin data reveals there are 126 private equity fund managers operating from India, 99 of which have raised a fund in the last 10 years. Collectively these firms have raised $15.4bn over the last decade and currently have $8bn available in dry powder.

The most popular location for fund managers in India is Mumbai, followed by Bangalore, with 50 and 14 firms based in those cities respectively.

The largest India-based fund manager headquartered in Mumbai is ICICI Venture Funds Management. The venture and private equity firm invests in India predominantly through venture general and growth funds, which are the two most prevalent fund types to be raised by fund managers in the country. The firm has raised $1.4bn over the last 10 years and its portfolio spans multiple industries including information technology, infrastructure, pharmaceuticals, biotechnology, media, retail and real estate.

Bangalore is home to WestBridge Capital Partners, an investor in Indian public and private late stage companies. WestBridge was founded in 2000 and had raised two funds before merging with Sequoia Capital in May 2006. In February 2011, four managing directors at Sequioia Capital returned to WestBridge to focus particularly on investing in public markets. The firm has raised $700mn in the last decade and focuses mainly on the technology industry.

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