Private equity and venture capital funds have exited from 160 companies through either IPOs or merger and acquisition routes between 2004 till the first half of 2007, according to a research firm. “From January 2004 to June 2007, PE and VC investors have made investments in 706 companies in India for an estimated $17 billion while they have made exit from 160 companies in the same period through IPO or merger and acquisition route so far,” Arun Natarajan, Founder and CEO of Venture Intelligence, the research firm that tracks venture capital and private equity investment in the country said. Incidentally, a very large majority of the exits were successful, meaning they resulted in Private Equity investors and VCs making money on their original investment. Exiting from the investee company is an important feature of private equity and VC investment, as it not only determines the returns for the investors in that fund but also determines the ability of the fund managers to raise funds in future. […]