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Why head honchos of private equity firms are launching their own funds
They have managed billions of dollars for global private equity funds such as Carlyle Group and Warburg Pincus. Now, top executives of PE firms are breaking away to raise funds and back startups in India. Money raised by first-time fund managers, comprising mostly former top executives of global PE giants, has hit a high in 2018. PE firms invested a record $8.2 billion across 158 deals during the quarter ended June 2018.
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