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  "docSlug": "a8216716208358e4",
  "documentTitle": "ey ivca monthly pe vc roundup january 2023",
  "authorId": "MorganStanley",
  "authorName": "EY",
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  "notes": "EY analysis of VCCEdge data.",
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      "text": "Stressed asset investment opportunities and special situation opportunities could be worth around US$25 billion over the next five years, according to an EY report.",
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      "text": "Credit enforcement, bolstered by the introduction of the creditor-friendly “Insolvency and Bankruptcy Code, 2016” supported by dedicated tribunals, has provided private credit with a great start in India. A series of economic and administrative reforms working towards a more business-friendly environment, coupled with the push for growth, provide the ideal platform for private credit to grow to potential.\nStressed asset investment opportunities (emanating from the existing stock of unresolved NPAs and fresh credit defaults) and special situation opportunities could be worth around US$25 billion over the next five years, according to an EY report.\nAs a result, India is witnessing growing interest from global multi-strategy PE firms in the credit and special situation spaces. With the Indian PE/VC market maturing, we could see bigger plays in the Indian credit market by global funds.",
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      "text": "Investment opportunity value: $25 billion",
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      "kind": "source-note",
      "text": "1 How private credit is evolving in India",
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      "kind": "title",
      "text": "Spotlight: PE/VC credit investment deal trends",
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      "evidence": "The deck presents a before-and-after analysis of credit investment deal trends",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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