Blackstone, Temasek, Motilall Oswal and Stakeboat Capital were awarded as among the leading Private Equity investors in India for 2022 as part of Venture Intelligence APEX‘23 Private Equity & Venture Capital awards event in Mumbai.
The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as "crowd sourced" nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies)
Temasek received the Private Equity Fund of the Year 2022 Award on the back of strong part exits during from year from Intas Pharma (with an over 7.5x return); Devyani International (with ~4.8x) and Crompton Greaves Consumer Electricals (with ~3.5x). Vishesh Shrivastav, Managing Director, Investment (India), Temasek Holdings Advisors India Private Limited, received the award on behalf of the firm.
Blackstone received the Buyout Fund of the Year 2022 Award
Amit Dalmia, Head of Portfolio Operations Asia, Blackstone said: “We are honored to be recognized by Venture Intelligence and our peers for our work in India. India is an important market for Blackstone, where we have built valuable partnerships with businesses, communities and investors over the last 17 years. We believe the key to our success has been our business-builder approach – we’re committed to building businesses and creating value. We could not be more proud of the work we’ve done in India and look forward to expanding our presence in this incredible country.”
Motilal Oswal Alternates received the Private Equity-Fund Raise of the Year 2022 Award
“Believing in the power of the domestic investor pool since our inception in 2006, Motilal Oswal Alternates has been one of the first PE funds in the country to offer domestic investors an avenue to participate in the India growth story through the private equity route. As a result, ~75% of aggregate capital of all our funds has been raised from HNI participation across 50+ cities traversing the length and breadth of the country." said Vishal Tulsyan, CEO & Managing Director, Motilal Oswal Private Equity.
"With the coming of age of domestic investor pool participation in the public markets, we believe the time is ripe for Indian PE industry to become “atmanirbhar” as well. At a potential size of USD 7 trillion for the Indian economy in 2030, even if we assume the share of the PE industry to be 5%, it translates to approximately USD 350 billion of PE investment in the country. Of this, we should aspire for at least 15% participation from the domestic pool of investors, which translates to over USD 50 billion of investment. With this number currently under USD 2 billion, we have a long way to go. At our end, we feel honoured to be contributing to this objective,” he added.
Stakeboat Capital received the Mid-Market PE-Fund Raise of the Year 2022 Award
“We would like to thank Venture Intelligence and the APEX 23 jury for bestowing us with the Mid Market PE Fund Raise of the year award. In the 5 years of our incorporation and being a debut fund in the mid-market segment, we are quite happy that we were shortlisted for 2 awards. On behalf of Stakeboat, we would like to thank our team, our Investors and our portfolio companies, without whom this would have not been possible. Thanks once again,” said Chandra (Chandrasekar) Kandasamy, Managing Partner, Stakeboat Capital
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.