Even though Private Equity investment figures in 2015 surpassed the previous high (of 2007), the expert panel at the Venture Intelligence APEX'16 PE-VC Summit felt the PE segment still faces a challenging environment and that "selectivity" will be keyword for such investments in the months ahead. Speakers on the panel included Pradyumna Nag, Director, Prequate (moderator); Arvind Malhan, Partner, New Silk Route ; N.K.Dilip, Partner, Tatva Legal ; Sunil Kolangara, Director, Ascent Capital & Srini Vudayagiri, Partner, Peepul Capital "The days of playing the Valuation Arbitrage game - of investing in a private company and it taking public at a higher multiple and looking intelligent in the process - are gone. The only scope for such an arbitrage today is to spot a sector early enough," commented Sunil Kolangara, Director, Ascent Capital. "Passive investments are also a thing of the past - PE investors, including those who hold minority stakes, are m...