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Private equity picture brightens in India

After hitting a low of US$1.4 billion in 2013, India-focused funds raised US$5.5 billion last year, half the peak of 2008, according to Preqin

Mumbai

HANGING on the wall in the modest office of Nitin Deshmukh, the chief executive of the Kotak Private Equity Group, is a photograph of a tiny man scaling a tall sand dune. "Take pride in how far you have come," the inscription says. "Have faith in how far you can go."

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