[India] - India's private financial obligation market to top $18 bn in 2024 as economy grows: Report

INSUBCONTINENT EXCLUSIVE:
Preqin data shows that private equity exit volumes in India reached 85 in 2023 and 46 by mid-2024
assets under management (AUM) by the end of 2024, according to a report by Preqin, an investment data company. The market is expanding as
businesses increasingly turn to flexible financing options to fuel growth, especially in sectors where traditional lending may not
suffice. India-focused private debt AUM grew from $14 billion in 2022 to nearly $18 billion a year later, marking a 29 per cent increase
private capital landscape
economy and favourable demographics have buoyed private capital, leading to 560 deals of more than $6 billion in the first half of
2024. Private equity in the country remains resilient as well, benefiting from robust public markets and consistent fundraising,
according to the report
Exit volumes have held steady, and fundraising figures for 2024 are on pace to surpass the previous year
More than $1 billion had been raised by June 2024, compared to less than $2 billion in 2023. Preqin data shows that private equity exit
volumes in India reached 85 in 2023 and 46 by mid-2024.First Published: Sep 26 2024 | 11:15 AMIST