There are an estimated 8,000 ultra-high net worth individuals (UHNIs) in India, and the country is rapidly adding more to their ranks . Given this, it is not surprising to see a strong emerging trend towards allocation to private markets among family offices and UHNIs. As per a report, 40% of Indian family offices have doubled their allocation to private markets in the last five years. In large part, the interest in private markets is driven by high valuations of global equity markets, a prolonged low-interest-rate environment, low bond yields, and recognition that the bulk of valuations are now being created in private markets before the security enters the public market.
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