“LPs increasingly want to take direct exposure and are typically insisting on this when making commitments. This enables them to take direct control over the investee, be directly involved in decisions and of course saves them the fee that they would otherwise pay GPs. The negatives are the need to spend more time monitoring investments and keeping track and engaging with the investee companies directly,”
Partner, Grant Thornton India LLP
This article apeared in Live Mint on 06th July, 2016.