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PE-VCs, LPs, Family Offices, Regulators, and eminent Govt. speakers to participate

India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), will be holding the 12^th edition of its flagship event, the IVCA Conclave, on the 21^st and 22^nd of February 2023 at Taj Lands End, Mumbai. 

To establish India as the go-to investable destination for the global LP community and to unleash growth potential for India @100, IVCA Conclave 2023 will be a platform for industry stakeholders to share their knowledge, insights, and engage in a dialogue to build a collaborative and supportive investment community. 

Commenting on the vision of this year’s IVCA Conclave, Karthik Reddy, Co-Founder and Managing Partner, Blume Ventures, and Chairperson, IVCA, said, “The rapid socio-economic changes and widespread adoption of technology in India have opened a sea of economic opportunities for the country. To this end, through the IVCA Conclave, we aim to highlight India as the preferred country for investments. Over the years, IVCA has taken a proactive role in regulatory advocacy to drive investment momentum in India. We hope the IVCA Conclave will serve as a platform where investors can share actionable insights and advice to achieve this goal.”

In 2022, Indian companies were able to attract USD 50Bn+ of PE-VC investments, create 23 new unicorns with PE/VC investments contributing around 60% of all FDI investments. Moreover, last year marked ten years of the Indian AIF industry which has grown from strength to strength as providers of capital and expertise in new asset creation. India boasts an impressive 1057 AIF schemes as of date, which have commanded capital commitments of USD 88Bn (INR 6.94 Lakh Crore) in its 10-year run. Global and Domestic PE/VC funds showed immense trust in the Indian ecosystem investing around $290 Bn since 2017. The exits during the same period stood at an impressive $116 Bn.

As more investors become comfortable with AIFs, the capital availability in Indian private markets is predicted to increase significantly. At the same time, tech and innovation has accelerated India’s entrepreneurial aspirations and developed an ecosystem which provides compelling investment opportunities. 

Ashley Menezes, Partner and COO, ChrysCapital, and Vice Chairperson, IVCA, reiterated IVCA's commitment to “maximizing India's opportunity”: “The Indian economy has remained a beacon of resilience amid the current geopolitical and economic climate. It has furiously bounced back to its pre-pandemic growth trajectory, and we are very excited about the future opportunities. Given the substantial contribution of the Indian alternate assets sector to the growth of India as an economic superpower, I am looking forward to the diverse discussions that would help us explore more ways to maximize the economic potential of the country.”

Highlights of the IVCA Conclave 2023 

Attendees

As an industry body representing the interests of the PE-VC community, the IVCA encourages discussion between policymakers and PEs/VCs to align interests. For this edition of the IVCA Conclave, prominent esteemed government officials will deliver keynote addresses or participate in panel discussions. Mentioned below are the names (in order of their appearance in the schedule). 

·  Shri Jayant Sinha, Chairperson, Parliamentary Standing Committee on Finance

·  Shri Debasish Panda, Chairperson, Insurance Regulatory and Development Authority of India

·  Shri Anurag Jain, the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) 

·  Smt. Shruti Singh, Joint Secretary, DPIIT  

·  Shri Prasanna Seshachellam, the Executive Director and Chief Regulatory Officer, International Financial Services Centres Authority (IFSCA)

·  Shri Sivasubramanian Ramann, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI)

·  Shri Satya Prakash Singh, CGM, Venture Finance and Investment Vertical, SIDBI

·  Shri Ananth Narayan Gopalakrishnan, a Whole Time Member of SEBI

·  Dr. Manish Diwan, Head, Strategic Partnership, BIRAC, and Head, Startup India, and Make in India for the biotech sector

Narain Karthikeyan, India’s first Formula One Driver and Founder and CEO, DriveX, will also be speaking at the Conclave where he will discuss his journey both on and off the racing track with Ashley Menezes, Partner and COO, ChrysCapital and Vice-Chairperson, IVCA. 

Several industry veterans from PE-VC will speak at the various panel discussions. The speakers include Karthik Reddy, Co-Founder and Managing Partner, Blume Ventures, and Chairperson, IVCA; Ashley Menezes, Partner and COO, ChrysCapital, and Vice Chairperson, IVCA; Gopal Srinivasan, Chairman and Managing Director, TVS Capital, and Senior Board Member, IVCA and Renuka Ramnath, Founder, MD & CEO, Multiples Private Equity. 

IVCA Executive Committee members Rajan Anandan, Managing Director, Sequoia Capital; Siddarth Pai, Founding Partner, Chief Financial Officer and ESG Officer, 3one4 Capital; Anjali Bansal, Founder, Avaana Capital; Shagoofa Rashid Khan, Group General Counsel & Head Corporate Affairs, National Investment and Infrastructure Fund (NIIF); Padmaja Ruparel, Co-Founder, IAN, and Founding Partner, IAN Fund; Prashanth Prakash, Founding Partner, Accel Partners India LLP; Vineet Rai, Founder, Aavishkaar Group, and Managing Partner, Aavishkaar Capital; Rema Subramanian, Co-Founder and Managing Partner, Ankur Capital; Andrew Holland, CEO – Public Markets Alternate Strategies, Avendus Capital Public Markets Alternate Strategies LLP; Rahul Khanna, Co-Founder and Managing Partner, Trifecta Capital; Neha Grover, South Asia Lead, Private Equity, International Finance Corporation (IFC); and Pratibha Jain, Head of Strategy and Group General Counsel, Everstone Group, will also speak at the event. 

A detailed list of speakers is available here.

Sessions

The two days of the IVCA Conclave 2023 will see discussions on critical aspects and opportunities such as - startups, scale-ups, growth, and sustainable companies, government support for the ecosystem, creation of new sources of long-term risk capital from domestic and foreign markets, the current regulatory environment, the social capital created, and the developmental nature of the asset class and more. There will be panel discussions, fireside chats, keynote addresses, report launches and presentations. 

A detailed agenda is available here.

IVCA Awards

A highlight of Day 2 will be the coveted IVCA Awards, whose goal is to celebrate the successes of PE/VC funds and ecosystem. This year’s jury comprises the following: 

·  Shri Deepak Bagla, Managing Director and CEO, Invest India

·  Shri UK Sinha, Former SEBI Chairman

·  Anita Marangoly George, Founding Partner, Edhina

·  Cate Ambrose, CEO and Board Member, GPCA

·  Sanjeev Bikhchandani, Founder, Info Edge India Ltd

·  Vivek Pandit, Senior Partner, McKinsey & Company

The IVCA Awards will recognize international and domestic PEs/VCs who have demonstrated exemplary performance in fundraising and exits. PEs/VCs championing the cause of gender diversity and social impact will be honored as well. The Lifetime Achievement Award will be presented to pay tribute to a pioneer in the PE-VC industry.

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