said Sanjeev Krishnan, executive director, private equity at consulting firm PricewaterhouseCoopers India.
Most of the single private equity investments in India are under $100 million.
Blackstone group invested $100 million in Sree Jayajothi Cements early this year.
Another PE fund Goldman Sachs invested $110 million in DEN Networks and $135 million in ReNew Wind Power. Sovereign funds on the other hand have done much larger ticket-size deals.
Qatar Foundation Endowment invested $1,260 million in Bharti Airtel early this year. The Government of Singapore Investment Corporation invested $239 million in Kotak Mahindra Bank.
“Their (PE) individual ticket size is small and they rely on co-investors for the rest of the money to come in,” said a fund manager from a PE firm.
PE funds with corpus less than $500-600 million will prefer co-investments with their investors.
Sectors, which usually attract direct investments, are the evergreen ones like consumption and financial services. These sectors are also a favourite with private equity funds.