PE-VC funding falls by $700mn in May

CHENNAI: Private equity and venture capital firms continued their declining streak in investments. May recorded investments of $3.2 billion, down by $700 million against $3.9 billion in the year ago. On a year-to-date basis, PE-VC firms have invested $11.5 billion – a drop of $4.7 billion from $16.2 billion in the year-ago period.

However, investments have continued to witness a month-on-month rise this year, from $1.7 billion in Feb to $1.8 billion and $1.9 billion in March and April, respectively, data released by Venture Intelligence on Friday showed.Of the 80 deals that took place in May, nine were with a value of over $100 million.
Healthium Medtech’s acquisition by KKR with an investment of $840 million was the largest deal in the month. It was followed by Warburg Pincus acquiring Shriram Housing Finance with an investment of $554 million.