PE investments fall 49 per cent to $3.7 billion in January-March: Report

Private equity investments fell 49 per cent to USD 3.7 billion during January-March quarter this year largely due to lack of big ticket transactions, says a report. According to data from Venture Intelligence, private equity firms invested about USD 3.7 billion across 133 deals during the first quarter of 2018 as compared to USD 7.3 billion by way of 200 transactions a year ago. The investment amount was also 29 per cent lower than the December 2017 quarter which had witnessed USD 5.2 billion being invested across 152 transactions. These figures include Venture Capital investments, but exclude PE investments in Real Estate. “The latest quarter witnessed only nine PE investments worth USD 100 million or more compared to 13 such transactions in the same period last year,” Venture Intelligence CEO Arun Natarajan said. He noted Softbank – which dominated 2017 with its mega e-commerce bets on Flipkart, Paytm, Ola and Oyo – did not figure among the top ten deals in the first quarter of this year.