In an article published in Economic Times, Mayank Singhal, argues that PE firms in India have to come up with creative strategies to deploy the huge amounts of "dry powder" (uninvested capital) and counter the challenges posed by high entry valuations. He suggests 3 such - "ancillary strategy", "sector-driven approach" and "flexi-structure investment style") . Consider the $30 billion in dry powder waiting to be deployed in India by global and local funds. Assuming an average equity cheque size of $25 million, this would imply 1,200 PE investments. Now compare this to the actual investment pace of close to 250 deals a year since 2004, considered by some to be the year when PE took off in India — it’ll take close to five years just to deploy currently committed capital, let alone huge incremental funding that is likely to pour into India from global LPs over the next 3-4 years. ...The ancillary strategy calls for a breakaway from the traditional ...