SDG Helps Private Equity Firm in Weighing Investments, Risk
India’s first private equity (PE) fund, IDFC Private Equity Co. Ltd, signed on US-based consultancy Strategic Decisions Group in the middle of last year to help it with strategic investment, risk management and creating value for shareholders.
The move was uncommon for an Indian PE fund, industry executives said, adding that if more funds took the same route, it could diminish the role of general partners, which raise capital from institutions and individuals for investment in companies and have the right to participate in their management.
IDFC PE has $1.3 billion (Rs5,928 crore) under management and is present in critical sectors such as power and ports. Chief executive Luis Miranda said it faced its share of challenges during the economic slowdown last year, and introspection led to hiring SDG.
For the full text of this article, visit livemint.com.
