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Laxman Pai, Opalesque Asia: India's alternative investment fund (AIF) industry has doubled from $36bn at the end of 2016 to $72bn by September 2021 - an increase of more than 100% in assets under management (AUM) for the Securities and Exchange Board of India (SEBI) registered funds alone, said a study.
India's AIF industry is experiencing rapid growth and attracting investor interest, pointed out Preqin's inaugural Benchmark Report for India Alternative Investment Funds published in partnership with the Indian Venture and Alternate Capital Association (IVCA), and under eligibility from SEBI.
Preqin said that the benchmarks in the report comprise 296 schemes across AIF Category I, II, and III, for performance data as of 31 March 2021. These benchmarks provide a top-level overview of a range of indicators such as net internal rate of return (IRR), net multiple, called capital, distributions to paid-in-capital (DPI), and residual value to paid-in-capital (RVPI) on the dominant strategies that are employed by domestic managers.
The benchmark includes AIFs registered with SEBI. Category I, II, and closed-end PIPE funds are eligible for benchmarking if the scheme has completed one year from its first close, up until March 2021. Angel funds and schemes without transactions are excluded. Category III and open-ended PIPE funds are eligible for benchmarking if they were incepted before March 2021.
The report found that Category I funds outperformed the MSCI Ind...................... To view our full article Click here
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