Private equity and venture capital investments plunged 50% to $908 million in November from $1.82 billion in the year earlier, according to data compiled by accounting firm EY. Deal activity in November was led by structured or debt deals, which contributed to more than a third of the total deal value. The month witnessed five structured or debt deals worth $326 million of which more than 75% was recorded in the real estate sector.
The top three structured/debt deals recorded in November included Piramal Fund Management Pvt. Ltd’s $112 million investment in seven projects of Adarsh Developers and another $75 million investment in renewable energy company ACME Cleantech Solutions Pvt. Ltd.
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