India's first-time fund managers hit hardest as LPs worry over low DPIs

India's first-time fund managers hit hardest as LPs worry over low DPIs

Photo by Dileesh Kumar on Unsplash

Fund managers in India, particularly those raising capital for their first PE or VC investment vehicles, have been facing an uphill climb in 2024 as they struggle to win over limited partners (LPs) concerned over low DPIs (i.e Distributions to Paid-In, or the amount of money distributed back to LPs).