Abstract
Research on Indian private equity is only beginning to emerge, with most of it focused on development, case studies, and the life cycle of private equity returns. We examine a dataset of Indian private equity firms ‘exits from 2007 to 2012 to investigate three issues: First, we analyze the performance of private equity funds of exited investments in India. Second, we compare Indian private equity industry returns with public market returns; and third, we test performance persistence.
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