The Performance of Private Equity Funds in India

Abstract

Research on Indian private equity is only beginning to emerge, with most of it focused on development, case studies, and the life cycle of private equity returns. We examine a dataset of Indian private equity firms ‘exits from 2007 to 2012 to investigate three issues: First, we analyze the performance of private equity funds of exited investments in India. Second, we compare Indian private equity industry returns with public market returns; and third, we test performance persistence.

TOPICS: Private equity, emerging, performance measurement, statistical methods