Preqin, the global provider of alternative assets data, tools, and insights, has announced that it has entered a partnership with the Indian Private Equity and Venture Capital Association (IVCA), under eligibility from the Securities and Exchange Board of India (SEBI), to produce performance benchmarks for alternative investment funds (AIFs) as an official benchmarking agency.
Ee Fai Kam, Head of Asia Research & Operations, said, “Preqin has been at the forefront of performance measurement and benchmarking since day one, this partnership with IVCA – the top industry body for alternative investments in India – will provide market participants with a deeper understanding of returns and how India compares with other countries and regions. My team and I are very pleased to be a part of this exciting development in the Indian alternative investments space. This represents another milestone in the coming-of-age of APAC and the maturing conversation around fund performance and transparency in this region.”
Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds and Senior Board Member, IVCA, added, “The performance benchmarking of AIFs represents a global best practice by SEBI. It is a great step ahead for the Indian AIF ecosystem as it brings much-needed transparency on the performance metrics to increase the flow of domestic capital. The idea is to create benchmarks with excellent domestic and global agencies conducting the exercise. IVCA is pleased to be associated with Preqin and look forward to working with them to bring in their global standards to this process. AIFs and investors will see a lot of value with Preqin also coming in as a benchmarking agency, bringing with them global best practices.”
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