MUMBAI: Private equity (PE) firms in India, which were in the fundraising mode before the covid-19 outbreak, have been struggling to reach their targets as investors, also known as limited partners (LPs), have chosen to wait out the uncertainty period before deploying more capital to fund managers.
PE funds raise money from various global institutional investors such as pension funds, sovereign wealth funds, insurance companies as well as family offices. “Overall, the PE industry is adopting a measured approach when it comes to fundraising or new investments," said Shagoofa Rashid Khan, partner and head - funds, investment and advisory at the law firm, Cyril Amarchand Mangaldas. “Funds that were about to hit their final close in the coming