Fund managers put more of their own money into funds to win LP trust
New Delhi, Oct. 26 -- Indian private equity and venture capital managers are committing more of their own money to new funds as they compete for investor capital to signal confidence in their investment strategies and reassure limited partners (LPs).
Motilal Oswal Private Equity and its leadership team have consistently committed 10-12% of each fund raised over the past two decades, as fund sizes grew from Rs.550 crore in 2007 to Rs.8,500 crore this year. Boutique investment firm Carnelian Asset Management & Advisors is committing more than Rs.100 crore of its own capital to a Rs.2,000 crore private equity fund.
Mettle Capital, founded by former Peak XV managing directors Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma, is planning a ...
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