VCCircle LP Summit

Join 16 Years of Shaping India's Private Market

For over a decade and a half, the VCCircle LP Summit has been the meeting ground for India's most influential LPs, GPs, and industry leaders. It's where industry trends are defined, investment strategies are forged, and the future of Indian private capital is shaped. Secure your place among the leaders driving India's growth story.


Theme 2025

The global economy is projected to stay put at 3.2-3.3% growth in 2025, the same as the current year and what it had clocked in 2023, according to IMF. This calls for high fives as it means the concerns of a ‘hard landing’ may turn out to be just a red herring. But the escalation in geopolitical tensions in two major oil producing regions (Russia and Middle East) continues to hang as a Damocles’ sword.

Amidst this, the Indian juggernaut continues to gallop as the fastest growing major economy and is projected to grow at twice the global growth rate. The robust domestic economy is proving its resilience to even elevated crude oil prices and despite the flashpoint in the Gulf, public market benchmark indices are barely below their all-time peaks. Pundits have been talking about India being on a long-run bull run or an economic super-cycle.

While a whole host of companies are going public to capitalise on the buoyant sentiments, private capital via venture capital, private equity and private credit continues to unlock value in the startup ecosystem and growth stage ventures while also chasing mature companies that are already local and international champions such as such as Haldiram’s, enjoying tags worth billions of dollars.

Limited Partners (LPs) have been bullish about alternatives as an asset class with their total commitment for India focused funds crossing the $120 billion mark as of June 2024, of which around $80 billion is the dry powder waiting to be deployed, as per data compiled by VCCircle based on official statistics. And this does not capture global PE giants who invest big sums out of their regional and global investment vehicles. This shows the total sum available to be deployed in India Inc is around $100 billion or still higher.

This has been a result of hundreds of success stories in the country with PE-VC investors generating high returns, even beating the meteoric rise of the public markets, while also adding a touch of risk diversification that is not shaken by day to day sentiments, but anchored on visibility about disruption and long term growth prospects.

To deliberate on how the Indian alternative investment ecosystem is evolving and how can LPs collaborate with GPs and other stakeholders to generate super-sized returns from companies in the country, VCCircle presents the 16th edition of its flagship annual thought leadership and networking event for LPs, GPs and rainmakers in the deals ecosystem.

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Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India's largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Agenda

  • Registration
  • Opening Address
  • Evolving Dynamics in the LP-GP Engagement in India: How have LP-GP relationships evolved over the years, and what are the key factors driving these changes? What are the peculiarities in relationships with first-time vs. mature GPs? How are GPs managing expectations around fees and carried interest in the current market? How do tax and regulatory changes affect investment decisions and relationship stability? How does GP team stability influence the relationship's long-term success?
  • Fund of funds in India: How are they finding their ground in India’s LP landscape. 
  • Distribution models to align LP-GP interest: The long lock-in period for getting returns from alternatives has long been a bane for LPs. But the opening up of various exit options has changed the dynamics allowing GPs to push up their DPIs long before the closure of the fund. What distribution structure and model provides the right balance for LPs to get the principal back sooner while also allowing GPs enough flexibility to manoeuvre the portfolio construct and time the exits better?
  • Touch of India Inc in alternatives: Corporate treasury heads still bank on more conventional investment tools to manage the pile of profit. This has to do with liquidity of those investments. But some companies have opened their purse strings to PE-VC funds to park a small proportion of their current investments. How do profit making corporates look at the alternatives asset class and how can GPs make it more attractive opportunity for this largely untapped LP universe?
  • ESG Quotient: How can commercial grade returns be twined while meeting deep environment, social and governance impact to crowd-in and attract larger pool of capital as a catalyst? What are the success stories from different geographies; what worked and what didn’t? What’s the impact quotient of financial inclusion as compared to other domains such as health and sustainability as themes?
  • Case for Credit: How can private credit and venture debt grow their attractiveness for LPs? As the world is headed towards a lower interest rate regime in the near term what does it mean for GPs with credit as an investment strategy? 
  • Lure of real assets: Real assets presents both the assurance of a physical estate and a long term value creation of an infrastructure property. How do LPs look at real estate and infrastructure that come with their own nuances? Has the income generating assets been a success story for LPs looking at diversification from actual ownership of buildings and land? How have REITs and InvITs added more spice to the mix?
  • Family offices stepping up their gear: How are family offices changing gears with their alternative asset allocation? With direct and co-investments as important part of deployment strategy, how is the playbook evolving for established and new family offices?
  • Sovereign funds and their learnings: How do SWFs view India as an investment market? What has been their experience so far with returns and other objectives?
  • Faceoff: Captive vs indie funds; Generalist vs specialist funds, what works for LPs and what do they prefer?

Awards'25 Jury

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Harsh Mariwala

Chairman, Marico limited
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Gaurav Dalmia

Chairman, Dalmia Group Holdings
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T K Kurien

Chief Executive Officer, Premji Invest (PI)
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Hemal Mirani

Managing Director (Singapore Team), HarbourVest
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Srini Nagarajan

Managing Director and Head of Asia, BII Group

Speakers 2025

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Ananth N G

Whole Time Member, SEBI
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Deepak Padaki

President, Catamaran
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Srini Nagarajan

Managing Director and Head of Asia, BII Group
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Sunil Mishra

Partner, Adams Street
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S. S. Acharya

CMD, NSIC (SRI Fund)
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Rajesh Ranavat

Executive Director, Fung Strategic Investments
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Gaurav Dalmia

Chairman, Dalmia Group Holdings
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Vishnu Amble

Director, GreenBear Group LLC
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Rishabh Mariwala

Managing Partner, Sharrp Ventures
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Ajit Kumar

Managing Partner, Evolvence India Fund
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Sandeep Sinha

Co-founder, Oister Global
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Kunal Sood

Managing Director - Private Equity, Pantheon
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Saravana Kumar

Board of Director & Chief Executive Officer, NSIC Venture Capital fund
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Nilang Jain

CIO, GreenGen Family Office
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Sachin Jain

CIO / Head of Investment (Family Office), SUKVI Ventures
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Neelesh Bhatnagar

Founder and Managing Director, NB Ventures
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Diane Jegam

Regional Director, Proparco South Asia

LPs Attending This Year


Catamaran

BII Group

Adams Street

NSIC

 


Fung Strategic Investments

Dalmia Group Holdings

National Investment and Infrastructure Fund

GreeanBear (Single Family Office)

 


Sharrp Ventures

Evolvence India Fund

SIDBI

Pantheon

 


Sukvi Ventures

Greengen family office

NB Ventures

Oister Global

 


Proparco

Do you have any queries?

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