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After covid blow, PE exits on way to hit new record in 2021

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private equity (PE) and venture capital (VC) firms made a strong rebound in 2021 after slowing to $6 billion last year due to the pandemic.

Exits quadrupled to $23.4 billion in the first seven months of 2021, a few billion short of the record $27 billion in 2018, showed data from IVCA (Indian PE and VC Association) and EY.

At $12.88 billion, strategic acquisitions lead the exit activity, followed by secondary stake sales at $5.25 billion, open market sales at $2.98 billion, IPO exits at $1.66 billion, while buybacks pulled $632 million worth of exit proceeds, the data showed.

The technology sector made up the biggest share of exits in 2021 so far at $11.82 billion, followed by financial services at $2.52 billion. “Large corporates are

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