Raviraj Gohil

• Doctor of Philosophy
• Professor (Associate) at Marwadi Education Foundation

This article investigates factors driving abnormal returns in private equity funds in India from 2007 to 2012. We find that skill factors such as type of exit route, holding period, size of investment, stage of investment, and type of industry significantly affect abnormal returns of private equity funds. In addition, market factors such as investm...

In this article, we review the literature on the performance of private equity funds, venture capital funds, fund of funds, buyouts, and reverse buyout funds. We also examine the factors driving performance persistence in private equity funds and in buyout funds. Finally, we describe recent findings on the factors driving private equity returns and...

To calculate the PME, a measure of public market is required. The S&P CNX Nifty was used for each deal, and for each deal, the value of Nifty was calculated. For example, if Nifty was 2,000 when a firm received an investment and 3,000 when the private equity fund exited the investment, then the Nifty cash multiple for that deal would be 3,000/2,000...

This article investigates the initial and long-term performance of private equity (PE) backed initial public offerings (IPOs) in India. Using the data of IPOs listed on the Bombay stock exchange from 2009 to 2012, the authors investigate the initial performance of the IPO on listing day for both PE equity backed IPOs and non-PE backed IPOs and docu...

This article investigates the initial and longterm performance of private equity (PE) backed initial public offerings (IPOs) in India. Using the data of IPOs listed on the Bombay stock exchange from 2009 to 2012, the authors investigate the initial performance of the IPO on listing day for both PE equity backed IPOs and nonPE backed IPOs and docume...

Research on Indian private equity is only beginning to emerge, with most of it focused on development, case studies, and the life cycle of private equity returns. We examine a dataset of Indian private equity firms 'exits from 2007 to 2012 to investigate three issues: First, we analyze the performance of private equity funds of exited investments i...

The Venture Capital and Private Equity (VCPE) industry in India has grown significantly in the recent years. During 2004-2008,the industry growth rate in India was the fastest globally and it rose to occupy 3rd position worldwide in terms of quantum of investments. Rajan 2011). However with FDI approval and other education sector reforms there was...