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Draft:Indian Venture and Alternative Capital Association

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Indian Venture and Alternate Capital Association
AbbreviationIVCA
PredecessorGlobal India Venture Capital Association (merged in 2010)
Formation1993; 32 years ago (1993)
TypeNon-profit organization
PurposeAdvocacy, research, and development of India’s private capital and alternative investment ecosystem
HeadquartersNew Delhi, India
Area served
India
ServicesResearch, advocacy, training, industry reports, events, policy dialogue
Members450+ member organizations
Websiteivca.in

The Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit industry body that represents the interests of India's private capital ecosystem, including venture capital, private equity, infrastructure, private credit, real estate, and other alternative investment funds. Established in 1993, IVCA acts as a platform for knowledge sharing, advocacy, and industry development, aiming to strengthen the role of long-term risk capital in the Indian economy. Collectively, IVCA members manage over US$350 billion in assets under management (AUM).[1]

IVCA brings together fund managers, institutional investors, family offices, legal and advisory firms, and other ecosystem participants. Its mission is to create a robust investment climate in India through regulatory engagement, policy reform, market intelligence, and collaboration across sectors.[2]

Objectives and activities

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IVCA engages in a wide range of initiatives to support and grow India’s alternate investment ecosystem. These include:

  • Policy advocacy: IVCA regularly interfaces with regulatory bodies and government institutions to shape a transparent and efficient policy framework for investment funds. Topics include taxation policies, fund registration norms, capital flow regulations, and ease of doing business for asset managers.
  • Industry research: IVCA publishes reports, market studies, and best-practice frameworks to provide data-driven insights on investment trends, fundraising, governance practices, and sectoral allocations within the AIF space.[3]
  • Capacity building: The association conducts workshops, training sessions, and digital learning programs for fund managers, entrepreneurs, legal professionals, and institutional investors. Focus areas include fund operations, compliance, ESG integration, and capital markets readiness.[4]
  • Ecosystem development: IVCA builds collaborative bridges between investors, startups, government, and academia. It fosters dialogue between limited partners (LPs) and general partners (GPs) and supports the emergence of micro-VCs, early-stage funds, and regionally focused investment vehicles.

Events

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IVCA hosts a variety of annual and thematic events aimed at facilitating industry dialogue and collaboration. These include:

  • IVCA Conclave: The flagship industry summit that gathers stakeholders across private equity, venture capital, family offices, sovereign wealth funds, and regulators. It serves as a forum for thought leadership and policy-level discussion.[5]
  • Sectoral roundtables and workshops: Focused events on fintech, healthcare, sustainability, infrastructure, and emerging asset classes.
  • Investor forums and roadshows: Designed to enhance capital mobilization by connecting Indian fund managers with global investors and institutional capital providers.[6]

Governance

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IVCA is structured as a Section 8 company[7] under Indian law, and operates as a member-driven organization. Its governance framework includes a representative executive committee elected by the member base. The association also engages with independent advisors, regulatory stakeholders, and subject matter experts through working groups and advisory panels. Its trust-shares are held in custody by Vistra ITCL (India) Limited. For the 2024–26 term, IVCA elected a new Executive Committee comprising 14 elected members plus 7 co-opted and invited members. A record 59 nominations came from member funds for this cycle.

Membership

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As of 2025, IVCA has over 450 member organizations including Indian and international alternative investment funds, advisory firms, limited partners, and institutional stakeholders. Approximately 74% of its members manage SEBI-registered AIFs, with IVCA representing close to 46% of the total AIFs in India.[8]

Membership offers access to research publications, industry data, closed-door events, regulatory engagement platforms, and tools designed to enhance governance and transparency in fund operations.

Prominent board members include representatives from major firms such as Carlyle India, Gaja Capital, 360 ONE, Warburg Pincus, Indian Angel Network, Accel India, Peak XV Partners, Lighthouse Funds, IvyCap Ventures, HDFC Capital, Bain Capital, Aavishkaar Group, Trifecta Capital, Kedaara Capital, General Atlantic, and Edelweiss. The Chair of SIDBI, the CEO of Invest India, and NIIF leadership were invited as special participants.

Strategic focus areas

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In recent years, IVCA has expanded its focus to include:

  • Climate and ESG investing: Promoting responsible investment practices, sustainable finance, and ESG frameworks tailored for Indian capital markets.[9]
  • Domestic LP mobilization: Supporting the development of institutional capital sources within India, including insurance firms, pension funds, and development financial institutions.[10]
  • Technology and digital infrastructure: Encouraging the use of digital platforms for fund reporting, compliance, and portfolio tracking.[11]

See also

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References

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  1. ^ "India Private Equity Report 2025". Bain & Company. May 2025. Retrieved 2025-07-30. IVCA represents 430+ funds with a combined India AUM of over US$350 billion.
  2. ^ "About Us – Indian Venture and Alternate Capital Association". IVCA. Retrieved 30 July 2025.
  3. ^ "IVCA-Bain India Private Equity Report 2024". IVCA. March 2024. Retrieved 30 July 2025. The annual IVCA-Bain report tracks fundraising, investment trends, and market dynamics across the PE-VC landscape.
  4. ^ "AltCap101 By IVCA to Empower Fund Managers with Alternate Investment Strategies". Business Standard via NewsVoir. 10 October 2024. Retrieved 30 July 2025. Built upon the success of IVCA's #VC101 in 2023, #AltCap101 is the next step in developing India's alternate capital talent pool.
  5. ^ "IVCA Conclave 2025". National Venture Capital Association. Retrieved 30 July 2025.
  6. ^ "Investor Connect Series". IVCA. 2024. Retrieved 30 July 2025. IVCA's Investor Connect series enables fund managers to engage with global institutional capital and family offices through curated roundtables and roadshows.
  7. ^ "About Us – IVCA". IVCA. Retrieved 30 July 2025. IVCA holds legal registration as a Section 8 entity… Vistra ITCL (India) Limited is the custodian of IVCA's trust held shares.
  8. ^ "About Us – IVCA". IVCA. Retrieved 30 July 2025. With 450+ members… Within the SEBI registered AIF landscape, 46% of all registered AIFs are IVCA members. Within the total IVCA Members, 74% of them manage AIFs.
  9. ^ "IVCA's Climate and Sustainability Council 2024–26 to Catalyse a Green Investment Revolution in India". Business Standard via NewsVoir. 2024-07-26. Retrieved 2025-07-30. IVCA's Climate and Sustainability Council for the term 2024–26 will drive industry-wide dialogue on climate finance, promote impact investing, and catalyse investments in climate tech and sustainable infrastructure.
  10. ^ "CAT‑III AIF commitments to reach ₹2.5‑lakh crore by 2028: IVCA report". The Hindu BusinessLine. 11 July 2024. Retrieved 30 July 2025. As of December 2023, 257 registered CAT‑III AIFs have garnered commitments of ₹1,28,058 crore … AIF industry has grown by leaps and bounds.
  11. ^ "IVCA's Climate and Sustainability Council 2024–26 to Catalyse a Green Investment Revolution in India". Business Standard via NewsVoir. 2024-07-26. Retrieved 2025-07-30. IVCA's Climate and Sustainability Council for the term 2024–26 will drive industry-wide dialogue on climate finance, promote impact investing, and catalyse investments in climate tech and sustainable infrastructure.
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Category:Non-profit organisations based in India Category:Venture capital Category:Private equity Category:Industry associations Category:Organisations established in 1993