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ICICI Venture plans expansion in all verticals, new lines of biz: MD & CEO

Going forward, the alternative assets manager is also examining opportunities in the SME space

Prashant Purker, MD & CEO, ICICI Venture
Prashant Purker, MD & CEO, ICICI Venture

The past few years have been strong for Indian alternatives on all fronts -- fundraising, investments and exits. Alternative investment funds (AIFs) received commitments worth $26 billion since 2012. The investment tally crossed $29 billion in the first nine months of 2018 and the exit tally reached $24 billion -- both record highs. This has been fuelled by AIFs, foreign funds, capital markets and strategic investors.  From ICICI Venture's perspective, the post great financial crisis (GFC) period coincided with our own evolution towards becoming a multi-strategy AIF ...