Private equity inflows plunged 75.4 per cent to USD 2.2 billion in the March quarter, making it the sixth consecutive quarter of decline, amid global macroeconomic and geopolitical headwinds, according to a report.
At USD 2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at USD 1.7 billion, according to the data tabulated by the financial markets data and insights provider Refinitiv, an LSEG Business unit.
Internet-specific and computer software companies continued to attract the largest share of private equity capital, the report said. However, its share declined to 58 per cent from 75 per cent in the same period last year, primarily due to fewer deals.
With turbulent market conditions and uncertainty, private equity fundraising activity also fell 41 per cent this year compared to the first quarter of 2022 and saw a 45 per cent decline sequentially.
On a sequential basis, the Q1 decline was 31.9 per cent year-on-year when
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