The foundation of venture capital.
And in some regions, private equity is more like venture capital: raise money from other people, put it into a bunch of companies that have no proven track record of financial results, and then… hope one of them takes over the world.
In other places, it’s less about finding the next Facebook / Instagram / WhatsApp, and more about financial engineering and using clever deal structures and debt to achieve high returns.
India is somewhere in between those two: private equity is quite new, and funds are relatively small… but achieving high returns is still more skill than luck.
At the same time, though, the industry is still “random” enough that you can break in by visiting PE firms’ offices in-person and then doing some networking on Facebook – as our interviewee today did.
Here’s his story, what to expect when you recruit for private equity in India, and what the industry there is like:
From Chartered Accountancy to Private Equity