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  "documentTitle": "ey ivca monthly pe vc roundup january 2023",
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  "notes": "Data sourced from VCCEdge.",
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      "text": "October 2022 recorded 15 exits worth US$1.6 billion compared to US$5.2 billion recorded in October 2021 across 25 deals and US$653 million recorded across 24 deals in September 2022. October 2021 had recorded two large secondary exits worth ~US$5 billion —the US$3 billion Hexaware deal between Carlyle and Baring PE Asia, and the US$1.9 billion VFS Global deal between EQT and Blackstone. Exits via secondary sale were the highest in October 2022, with four exits worth US$1.4 billion, propped up by the large secondary deal which saw Bain Capital purchase 40% stake in CitiusTech for US$960 million from BPEA EQT which was also the largest exit in this month and the fourth largest this year.",
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      "text": "October 2022 recorded total fundraises of US$2.2 billion, compared to US$70 million raised in October 2021. The largest fundraise was by Motilal Oswal, which raised its fourth fund of US$549 million, all raised from domestic high net worth individuals (HNIs) and family offices.",
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