Indian Private Equity & Fund Advisory for European Family Offices and Institutionals

This advisory is designed for European principals with investment programmes meeting institutional standards: single-family offices and multi-family offices with allocation authority over private-market investments; institutional allocators including pension funds, endowments, foundations, and insurance investors; ultra-high-net-worth principals operating through professional investment vehicles; and corporate treasury teams with strategic-investment mandates.

Typical client profile: minimum investable assets of EUR 50 million, with allocations to private equity already part of the portfolio policy. Initial Indian allocation sizing is typically USD 5 million to USD 50 million across selected managers, deployed over an 18–36 month commitment period. We do not work with retail investors and do not provide advice to clients below institutional thresholds.

The advisory engagement typically follows this sequence:

1. Initial mandate discussion — confidential exploration of client objectives, risk tolerance, allocation budget, and operational constraints
2. Engagement letter — fee-only advisory mandate, scope, deliverables, conflict-disclosure framework
3. Universe mapping deliverable — structured map of relevant managers across the client's target sectors and stages, typically 4–6 weeks from mandate
4. Shortlist due diligence — deeper diligence on 5–10 prioritised managers, including manager meetings (in person in Mumbai or by videoconference), reference calls, track-record validation, and red-flag review
5. Allocation recommendation — final manager mix recommendation with commitment sizing, vintage spacing, and access-route selection
6. Implementation support — coordination of subscription documentation, KYC and AML processes with managers, regulatory filings (FPI / FVCI registration where applicable), and capital-call set-up
7. Ongoing monitoring — quarterly review cycle, portfolio reporting, secondary-market opportunity flagging

Engagement fee structures are bespoke and depend on mandate scope and allocation size. We do not accept retrocessions or placement fees from funds.

Deployment started cautiously in January 2026 — investments came in at US$3.8 billion, 37% below December 2025 levels — reflecting Middle East geopolitical risk, Budget 2026 STT-hike volatility, and persistent buyer-seller valuation gaps.

The medium-term setup remains constructive. India's GDP growth is forecast near 7% (Goldman Sachs), the RBI's 125 basis point repo rate cut through 2025 has improved the cost of capital, the IPO pipeline (Hexaware, Groww, Lenskart having set the template) provides credible exit visibility, and the February 2026 interim India–US tariff framework reduced tariffs on Indian exports in pharma, textiles, and precious metals from 25% to 18%, easing portfolio-company export risk.

Record dry powder of US$23.2 billion raised in 2025 by India-focused GPs creates significant deployment pressure once the bid-ask spread compresses. EY's view, with which our advisory aligns, is that deal flow will accelerate through H2 2026.

Sources: EY Private Equity & Venture Capital Trendbook 2026; Goldman Sachs India Macro Outlook 2026.

We work with European principals seeking institutional-grade access to Indian private markets. Initial discussions are confidential and conducted under standard NDA frameworks.

To explore an advisory mandate, please contact us at info@indowestcapital.com with: indicative allocation budget, time horizon, sector or stage preferences if any, and current Indian exposure (if any). We will respond within five business days with a proposed initial discussion.

Important regulatory note: This advisory service is available exclusively to professional and institutional clients within the meaning of FinSA Article 4(3)–(5) and equivalent qualified-investor categories in other jurisdictions where prospective clients engage us at their own exclusive initiative. We do not provide advice to retail investors. Past performance of any manager discussed in our advisory is not indicative of future results. Investment in private-equity and AIF funds involves substantial risk including illiquidity, capital loss, and key-person risk.