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NEW DELHI: Private Equity and Venture Capitalist funds invested $4 billion in November, according to a joint report by IVCA and EY released on Wednesday. This shows a 156 per cent year-on-year increase while a 15 per cent decline from the previous month. The month recorded 87 transactions, up 47 per cent from 59 deals in November 2023.
"While 2024 had started off on a strong note, geopolitical tensions, uncertainty over US elections outcome, and inflation weighed on the markets, as did the bid-ask spread between seller expectations and buyer valuations," EY's Vivek Soni said. He further said that pure-play PE/VC investments showed significant growth, reaching $3.5 billion in November, representing a 297 per cent rise from $873 million in November 2023, and a 27 per cent increase from $2.
7 billion in October 2024, Soni noted. Investment in real estate and infrastructure decreased by 20 per cent compared to the previous year, settling at $566 million in November 2024. The largest investment category was buyouts at $1.
6 billion, with start-up investments following at $1.1 billion. By sector, industrial products led investments at $1 billion, whilst financial services and e-commerce followed with $723 million and $550 million respectively.
November saw 15 exits valued at $3.7 billion, an increase from $ 1.2 billion across 22 exits in November 2023.
Fund raising activities in November 2024 totalled $1.1 billion from eight funds, showing substantial growth from $401 million raised by six funds in November 2023. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!.
