Investments by private equity and venture capital funds declined by 44 per cent to $3.7 billion in February compared to the same period a year ago, a report said on Monday. The bets by the long-term investors were 13 per cent lower when compared to the investments in the preceding month of January, the report by industry lobby Indian Venture and Alternate Capital Association and consultancy firm EY, said. “…rising global recession concerns, increasing cost of capital and mismatch in valuation expectations between sellers and investors are turning out to be major impediments in the deployment of capital,” EY’s partner Vivek Soni said.
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