The survey of a few global LPs by VCCircle that was intended to
understand 'what a LP wants from Indian PE managers" but actually feels
like "why a global LP wouldn't want to put his best bucks in Indian
PE" threw up some expected & some strange surmises, but nevertheless
makes an interesting read –
The link to the article is below & below that is a repro' of
my own comment on the article;
My comment:
---------------------------------
Interesting surmises!
What makes the takeaways less validated however is the lack of
disclosure or at least a categorization of the LPs surveyed**. This gap I felt
more acutely for a few like the question # 9 the response pictorial of which
indicates that 50% of LPs surveyed will put money in PE/ VCs that're focused on
investing in growth-stage enterprises – this averaged-out response doesn't
allow one to assess if this is the response of each LP sub-set falls within
this range or if some LP sub-sets deviate from the mean significantly.
I also felt a lot of the questions were overtly leading & that
could skew the responses in favor of the inherent bias/ prejudice in the
question (for e.g. 10 & 11..)
And yeah, the sliver-lining… It warmed my cockles that LPs have
acknowledged of the promise of Healthcare Industry in India & the candid
confession that ‘no body’s saying no to India’ – phew, that’s a relief.
