PE funding dips 7.7% to $3.44 bn across 260 deals in March quarter
Fund infusion by private equity funds declined almost 8 per cent in the March quarter this year to USD 3.44 billion across 260 deals, according to industry data.
Though the value of private equity investments declined 7.7 per cent in Q1, the number of deals soared by 44 per cent to 260 from 180 in Q1 of 2020, show the data collated by the London Stock Exchange Group-owned Refinitiv that tracks global financial transactions and market action.
Overall, 2020 saw the highest number of deals since 2010 with 810 private equity deals worth USD 34.44 billion.
Software companies attracted the maximum PE interest in Q1 this year with USD 1,348 million equity invested compared to internet-specific companies in Q1 of 2020 with USD 2,053 million equity investment.
Fundraising in Q1 stood at USD 1,605 million compared to USD 670 million (USD) in Q1 2020, an increase of 139 per cent year-on-year.
The top deals are the USD 460 million raised by Think & Learn from five funds, followed by Dream11 .