Mumbai, Maharashtra, India | 22nd August 2025: The Indian Venture and Alternate Capital Association (IVCA), the apex industry body for alternative assets in India, is hosting the IVCA Secondaries Conference 2025 in Mumbai. The high-profile event will bring together leading limited partners (LPs), general partners (GPs), family offices, institutional investors, and policymakers to discuss the rapidly expanding secondaries market in India.
Growing Momentum in India’s Secondary Market
The conference comes at a pivotal time as Alternative Investment Fund (AIF) commitments have crossed ₹13.5 lakh crore as of March 2025, with many funds now entering the mid-to-late stage of their cycles. Globally, the secondaries market is also witnessing record growth, with UBS reporting $156 billion in transaction volumes in 2024—a 35% YoY surge.
GP-led transactions alone accounted for $70 billion, with continuation funds making up more than 85% of these deals, highlighting the increasing role of secondaries in ensuring portfolio continuity and unlocking liquidity.
IVCA on India’s Inflection Point
Rajat Tandon, President of IVCA, emphasized the significance of this shift:
“India’s alternate capital industry is entering a new phase of maturity. The secondaries market is at an inflection point, offering liquidity, optimized capital use, and continuity for both LP-led and GP-led transactions. India has the opportunity to become one of the fastest-growing secondary markets in Asia, boosting investor confidence and accelerating ecosystem growth.”
Global Leaders Converge in Mumbai
The event features an impressive line-up of domestic and global investment leaders, including:
- Ashish Fafadia (Blume Ventures)
- Jason Sambanju (Foundation Private Equity)
- Mamtesh Sugla (TPG NewQuest)
- Shivani Bhasin Sachdeva (India Alternatives)
- Sunil K. Goyal (YourNest Venture Capital)
- Experts from PwC, HarbourVest, Axiom Asia, Hamilton Lane, LGT Capital Partners, and more
Their sessions will cover trends in direct secondaries, GP-led transactions, continuation funds, and portfolio optimization strategies.
Industry Voices on Secondaries
- Blume Ventures: “Secondaries are now a vital source of DPI generation for Indian and global investors, attracting family offices, HNIs, and institutions.”
- Foundation Private Equity: “India’s deal flow has never been stronger, with consistently high-quality fund managers and portfolios.”
- Madison India Capital: “Direct secondaries are expanding liquidity and deepening India’s private equity ecosystem.”
- PwC: “Continuation funds provide flexibility, unlocking long-term growth and sustainable value.”
- TPG NewQuest: “GP-led solutions are unlocking enduring value through strategic portfolio realignments.”
- YourNest Venture Capital: “Continuation vehicles are critical in today’s volatile market, enabling long-term founder-investor relationships.”
Building a Globally Competitive Ecosystem
The IVCA Secondaries Conference 2025 is designed as a collaborative platform where industry stakeholders can align priorities, shape policy frameworks, and drive innovation in India’s investment landscape.
By fostering dialogue between domestic and global players, the event aims to position India as a leading hub for secondaries in Asia—creating opportunities for liquidity, sustainable growth, and investor confidence.
