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20 July 2020
Spotlight
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- As per the circular issued on February 5, SEBI has introduced Performance Benchmarking of Alternative Investment Funds (AIF) and has indicated IVCA as the nodal agency to appoint Benchmark Agencies.
- IVCA members interacted with Shri S N Jayasimhan, General Manager, Investments, IRDAI (over video conferencing) and took up the opportunity to know more about investment opportunities for insurance companies in Alternative Investment Funds (AIFs). This meeting was chaired by Shri Anil Agrawal, JS, DPIIT.
- Check out IVCA’s blog with new design and updated content. If you would like to submit articles, click here.
Advocacy
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As a result of IVCA being nominated as a nodal agency by SEBI, we are currently in the process of appointing one or more Benchmarking Agencies and will finalise the appointment shortly. SEBI has asked IVCA to launch the benchmarking for CAT I, II & III AIFs by October 1, 2020. We are working earnestly to meet this target and are looking for support from all our members and the entire AIF industry to make performance benchmarking successful and more transparent.
Click here to view the other crucial representations, surveys and updates for the month of June.
Members can access the submissions here.
Please log in with your unique ID and Password. In case you have any enquiries, please write to us at: advocacy@ivca.in.
Member's Speak
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Hope in the time of Covid-19
"Every crisis brings with it some unseen opportunities. Every crisis also tests the limits of our resilience. Amidst mathematical models and economic projections, one powerful factor is often overlooked — power of human optimism. While the startups in the country are still only a small portion of the larger economy, if we are looking for hope amidst this gloom, they may be a good place to start looking."
- Ganapathy Venugopal, Co-Founder and CEO, Axilor Ventures
Read the full article here.
From India to Silicon Valley and Back
...“Some people say actually being an entrepreneur and becoming a VC makes you soft, but I think it’s better that way than the other way around,” he maintains. He also knew he needed the right foundation if he was to be successful as a VC or founder. After working for a few years in the U.S., he applied and was accepted into Harvard Business School.
- Ganesh Rengaswamy, Partner, Quona Capital
Read the full article here.
Reports and Data
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IVCA PE & VC Report: A snapshot of PE & VC investments, Exits, Angel Investments, and Investments involving AIFs in the first half of 2020.
IVCA-EY PE & VC Roundup for June 2020: A report that analyses key trends in the first half of 2020 in investments and exits to give PEs and VCs an edge to thrive in the dynamic environment.
IVCA E-Conference Series
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The post COVID world has brought a set of new challenges for us. It is important that we navigate through these unique circumstances with innovative solutions, timely execution, and the right people. Interim Managers thrive in the face of such uncertainties.
To discuss what role Interim managers can play in ensuring business thrive in these tough times,
IVCA brings to you an exciting e-conference on the topic, ‘Value of Interim Managers in a post Covid World’ on 24 July 2020.
Speakers:
- Gopal Jain - Co-Founder & Managing Partner, Gaja Capital
- Bart Pattyn - Interim CEO - Growth & Turn-Around Manager
- Khodu Moradian - Advisor, EmergeBridge
Click here to register yourself for the upcoming webinars and to view the highlights of the past ones.
IVCA in the News
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IVCA-EY Monthly PE Report was covered by prominent topline publications such as Economic Times, Deal Street Asia, Business Standard, Hindu BusinessLine, among others.
IVCA Vice Chair, Karthik Reddy also participated in a show on CNBC Awaaz.
Here's the link to view IVCA’s press coverage in the month of June '20.
New Members
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Get in Touch
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Advocacy
advocacy@ivca.in
soniya@ivca.in
rahul.shah@ivca.in
Memberships aakriti@ivca.in
sunitha@ivca.in
Events
shreya@ivca.in
prasanna.mandal@ivca.in
IVCA is committed to keeping our members updated and connected about our advocacy efforts. We also want to build a vibrant peer network which shares best practices in the industry with each other. Every month, we will carry an advocacy update, share industry news and data, and bring to you our member’s perspectives. We will also be reaching out to you, to get your feedback on our format, as well as seek regular contributions from you to enhance our thought leadership content pipeline.
About us: IVCA is the oldest and most influential PE & VC industry body in India, its purpose is to promote the Alternative Investment Asset class. IVCA supports the ecosystem by facilitating advocacy discussion with the Government of India, policymakers, regulators, and supports the entrepreneurial activity, innovation and job creation in India.
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Address: IVCA Association 806, 8th Floor, Akashdeep Building, 26A Barakhamba Road, Connaught Place, New Delhi – 110001
Call Us: 011-49879305