PE-VC investors see decline in fundraising activity, says Crisil Survey

The survey was conducted between May and June this year and the credit rating firm received responses from 26 independent funds and respondents

As much as 90 per cent of private equity and venture capital investors envisage a decline in fund-raising activities over the next 6-12 months on account of the Covid-19 pandemic, according to a Crisil Research survey report.

Though the market is sitting on sufficient un-invested capital or 'dry powder', attractive investment opportunities are seen as difficult to find in the current environment.

About 58 per cent surveyed expect existing investment value to decline over the coming 12 months. However, about half of them see a moderate recovery beyond the 12-month horizon.

More than three-fourths of the respondents see a rise