Private Equity is an essential part in understanding the concepts of Finance. There are two types of sources available for any company to raise money; one if equity and the other is debt. Wherein, Equity is further divided into two (2) parts; Public Equity and Private Equity.
When a company issues shares through IPO or through any public market, then the equity raised is termed as a Public Equity. However, when it is raised through Private sources or through institutions in a private company, then it is called Private Equity.
There are various Private Equity Funds that are available across the globe and constantly look for opportunities in private space for funding. Typically Private Equity Investors earn more returns through investing in private companies as they invest in growth companies and not the already matured ones. Their investment tenure varies as per the fund strategy and majority of the private equity players take exit either through IPO or strategic sales.
Like Investment Banking companies, Private Equity Companies or Private Equity fund houses are located in tier- 1 cities only (major hub in Mumbai). If you’re looking to join a Private Equity Company as well, then you are required to shift to tier 1 cities only.
LIST OF TOP PRIVATE EQUITY COMPANIES IN INDIA
(I) INTERNATIONAL PLAYERS HAVING PRESENCE IN INDIA
1. THE CARLYLE GROUP
Founded in 1987, it is one of World’s largest private equity companies. It has made a successful investment of around USD 200+ billion across the globe. It focuses on sectors including Consumer, Healthcare, Manufacturing etc. but not Real Estate.
Headquarters: Washington, DC, United States
India Office: Mumbai
Ticket Size: USD 50+ million
Website: https://www.carlyle.com/
2. WARBUG PINCUS
Founded in 1966, Warbug Pincus is a New York based private equity firm focuses on growth investments. It has invested in over 780 companies spread across 40 countries. It has more than USD 60+ billion assets under management.
Headquarters: New York, United States
India Office: Mumbai
Ticket Size: USD 50+ million
Website: https://www.warburgpincus.com/
3. BAIN CAPITAL
Founded in 1984, Bain Capital is one of the leading private multi asset investment firm employing more than 1,000 employees. It is a sector Agnostic company which invests in all the sectors and has no specific sector preference.
Headquarters: Boston, Massachusetts
India Office: Mumbai
Ticket Size: USD 40+ million
Website: https://www.baincapital.com/
4. TPG GROWTH CAPITAL
Founded in 1992, TPG Capital is a private equity investment firm focused on leveraged buyout and growth capital. TPG Growth Capital has over USD 70 billion of assets under management. TPG growth’s main focus area is distressed assets.
Headquarters: San Francisco, United States
India Office: Mumbai
Ticket Size: USD 50+ million
Website: https://www.tpg.com/
5. CVC CAPITAL PARTNERS
Founded in 1981, CVC Capital Partners is a private equity and assets management firm having presence in Europe and Asia through over 24 offices. It has total assets under management of around USD 75 billion.
Headquarters: Luxembourg
India Office: Mumbai
Ticket Size: USD 50+ million
Website: https://www.cvc.com/
6. THE BLACKSTONE GROUP
Founded in 1985, Blackstone Group is a private equity, assets management and financial services focused firm and it has a total of around USD 35+ billion assets under management.
Headquarters: New York, United States
India Office: Mumbai
Ticket Size: USD 20+ million
Website: https://www.blackstone.com/
7. KKR & COMPANY
Founded in 1976, KKR & Co. is a global asset management firm including private equity, real estate, infrastructure etc. It has a total of around USD 40+ billion assets under management.
Headquarters: New York, United States
India Office: Mumbai
Ticket Size: USD 20 million – 75 million
Website: https://www.kkr.com/
8. EVERSTONE CAPITAL
Founded in 2006, Everstone Capital is a private equity and real estate investment firm having presence India and South East Asia. It has a total of around USD 4 billion assets under management.
Headquarters: Singapore
India Office: Mumbai
Ticket Size: USD 15+ million
Website: https://www.everstonecapital.com/
9. BARING PRIVATE EQUITY
Founded in 1997, Baring Private Equity is one of the leading private equity and investment management firms of Asia having a total of over USD 20 billion assets under management.
Headquarters: Beijing
India Office: Mumbai, Delhi
Ticket Size: USD 20 million – 75 million
Website: https://www.bpeasia.com/
10. CLSA CAPITAL PARTNERS
Founded in 1986, CLSA is a Pan Asian private equity firm having offices in around 20 cities. CLSA is managing a total of USD 5 billion assets across multiple sectors.
Headquarters: Hong Kong/ Singapore
India Office: Mumbai
Ticket Size: USD 10+ million
Website: http://www.clsacapital.com/
(II) DOMESTIC PLAYERS STARTED OPERATIONS IN INDIA
1. KOTAK PRIVATE EQUITY
Founded in 1997, Kotak Investment Advisors Limited is a part of Kotak Mahindra group. Their investment strategy is to fund future leaders. Kotak Investment Advisors is into various businesses other than the Private Equity like real estate, infrastructure etc.
Location: Mumbai
Sector Focus: Consumer, Real Estate, Infra, Healthcare, Financial Services
Ticket Size: USD 10+ million
Website: https://alternateassets.kotak.com/kotak-private-equity-fund.php
2. CHRYS CAPITAL
Founded in 1999, Chrys Capital is one of the leading investment firms managing a total of over USD 4+ billion assets through its 8 funds. It has launched its 8th private equity fund in Jan’2019 for around USD 850 million.
Location: New Delhi
Sector Focus: Consumer, Healthcare, IT, IT services, Financial Services
Ticket Size: USD 30+ million
Website: http://www.chryscapital.com/
3. TRUE NORTH’S INDIA VALUE FUND
Founded in 2000, True North is India’s 1st private equity fund which raised money from domestic market. True North launched India value fund with a combined investment size of around USD 2 million and focusing towards mid marked sized and profitable companies.
Location: Mumbai
Sector Focus: Financial Services, Consumer, Healthcare, IT
Ticket Size: USD 10+ million
Website: https://truenorth.co.in/aboutus.html
4. MOTILAL OSWAL PRIVATE EQUITY
Founded in 2006, MOPE Advisors Private Limited is an asset management division of Motilal Oswal group. The focus of the company is to invest in mid-market space.
Location: Mumbai
Sector Focus: Consumer, Financial Services, Real Estate
Ticket Size: USD 10 million – 50 million
Website: https://motilaloswalpe.com/
5. IDFC PRIVATE EQUITY FUND
Founded in 2002, IDFC Private Equity (now Investcorp) is a leading private equity firm providing investment services in all the sectors. It has a separate sector focused towards infrastructure services which has a ticket size of over USD 50 million.
Location: Mumbai
Sector Focus: Consumer, Agri, Financial Services, Infrastructure- Social, Rural (agri related)
Ticket Size: USD 5 million – 40 million
Website: http://www.idfc.com/alternatives/private-equity/our-mandate.htm
6. ICICI VENTURE FUND
Founded in 2002, ICICI Venture fund is one of the oldest private equity funds of India with currently manages a total of over USD 4 billion assets across major 4 business verticals; Private Equity, Real Estate, Infrastructure and Special Situations. It has launched a total of 4 India advantage funds till date.
Location: Mumbai
Sector Focus: Private Equity, Real Estate, Infrastructure, Special Situations
Ticket Size: USD 5 million – 20 million
Website: http://www.iciciventure.com/
7. CX PARTNERS
Founded in 2008, CX Partners is one of the leading Private Equity fund focusing on mid-market. Their investment strategy is to focus on product/ service and the budding entrepreneurs.
Location: New Delhi
Sector Focus: Financial Services, Consumer, Healthcare, IT
Ticket Size: USD 20+ million
Website: https://cxpartners.in/
8. PREMJI INVEST
Founded in 2016, Premji Invest is one of the fastest growing private equity companies of India and it has funded over 40 public and private companies till date.
Location: Bangalore
Sector Focus: Sector Agnostic
Ticket Size: USD 50+ million
Website (Linkedin): https://www.linkedin.com/company/premji-invest
9. KEDAARA CAPITAL
Founded in 2011, Kedaara Capital is an operations-based Private Equity Fund formed in partnership with CD&R. Kedaara Investment strategy is to invest companies having market leadership and sound management.
Location: New Delhi, Mumbai
Sector Focus: Financial Services, Consumer, Healthcare, IT
Ticket Size: USD 20+ million
Website: http://www.kedaara.com/firm-profile.html
10. JM FINANCIAL PRIVATE EQUITY
Founded in 1973, JM Financial group is a very well-known financial services group of India. It has business in Investment Banking, Brokerage, Assets Management and Private Equity. It recently launched a Fund II for growth Capital.
Location: Mumbai
Sector Focus: Sector Agnostic
Ticket Size: USD 5+ million
Website: https://jmfpe.com/Home
