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.

Next Story
Infrastructure Urban

We operate 100 smart buses serving 30,000 passengers daily

Aurangabad, known as the ‘City of Gates’ owing to its historical monuments and Mughal heritage, is equally renowned for its industrial development, with a nominal gross district domestic product (GDDP) of Rs.988.04 billion. As growth has progressed, there has been a focus on enhancing the standard of living, prompting key initiatives, including the award-winning Majhi Smart  Bus Initiative. G Sreekanth (IAS), CEO, Aurangabad Smart City Development Corporation Ltd (ASCDCL), discusses the city’s ongoing and upcoming developments in conversation  with NEHA YADAV.Recent news h..

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000