Founded in 1995, Jacob Ballas is an India-focused Private Equity Fund which raised a $440 million third fund in September 2008. Venture Intelligence recently spoke to Srinivas Chidambaram, Managing Director of Jacob Ballas Capital. Extracts from the interview, the full version of which is published in the Q1 '09 Venture Intelligence Roundup report . VI: Do you see any change in the perception of Limited Partners towards India? SC: Limited Partners have bigger issues at stake. Though the share of the emerging markets in their allocation has been increasing, still, emerging market PE is still a very small part of their exposure. The slowdown clearly has some impact and the political instability and corporate earnings will be a concern in the short term. However, in the long term, India is a market which will give superior returns. VI: What is your outlook on the Indian PE market for the next 3-5 years? SC: Private Equity, if anything, has become more relevant. India has a very young ...