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Private Equity's pressure test

Roughly 15 years after the first private equity (PE) dollars started trickling into India, PE funds find themselves in a rather tight spot. In the next 12-18 months, one bunch of firms, mostly the newer ones, will desperately try to close the funds they have just set out to raise. Another bunch, slightly older ones, will be equally desperate to deploy about $20 billion-$30 billion they have already raised.

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