PE/VC bets grow 5 pc to $56 bn in 2024, current year to be challenging: Report
private equity and venture capital industry grew 5 per cent to USD 56 billion in 2024, after declining for two consecutive years, a report said on Wednesday. The ongoing calender year is going to be a «challenging» one with many uncertainties expected to unfold, the report by industry lobby grouping IVCA and consultancy firm EY said.
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«The yet to be unveiled policies of the new US govt could have far reaching effect on international trade flows, exports, currency, crude oil prices and their cumulative impact will have a bearing on the Indian macro,» the consultancy firm's partner Vivek Soni said.
He said Indian consumption also appears to be slowing down, and it hopes government takes steps to address the same. The firm is «cautiously optimistic» and hopes for the ongoing corrections in markets to close the valuation gap which can help in deal closures.
In the year gone by, PE and VC funds' deal volumes surged 54 per cent to 1,352 transactions, indicating a decline in the average value when compared to the previous year.
Soni attributed the surge in deal activity to a 254 per cent increase in the credit deals at 310 transactions, through which USD 10.8 billion were invested.
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