MUMBAI: Sitting on unprecedented levels of dry powder, private equity as an asset class has had relentless growth. But an economic downturn coupled with covid-19 uncertainty can test its resilience.
In an interview with Mint, Siddhartha Shah and Aakash Choubey, partners with law firm Khaitan & Co. open up on the future of private equity – an asset class sitting at the heart of dealmaking.
Edited Excerpts: What are the concerns in the minds of LPs (investors into private equities), as our economic growth rate falls? Siddharth- In 2019, even amidst all the talk of slowdown in the economy, the Private Equity space still hit a high of around $ 45 billion in deal-making.