BlueGreen Ventures hits Top Quartile for Vintage 2018.
The latest Preqin–IVCA Benchmark Report for Indian Alternative Investment Funds (September 2024 quarter) has been released. As GPs who have led deals since 2018, we thought of sharing how our past track record compares with the benchmarks set by the best in the industry. Based on this dataset, we are pleased to share that our GP performance continues to be positioned within the top quartile of Indian funds. This recognition encourages us, but also reminds us of the responsibility that comes with it.
Performance Snapshot
(As of June 2024, INR)
MOIC: 5.6x
TVPI: 5.1x
Net IRR: 49%
DPI: 94%
These outcomes strengthen our belief that staying true to our founding principles - Transparency, Fairness, and Discipline - is essential, especially in the way we evaluate founders and select businesses.
How Our Filters Shape Our Portfolio
1. Founder Evaluation
1. Founder Evaluation
- Values First: Integrity remains our single non-negotiable.
- Commitment: We look for founders with genuine skin in the game, resilience, and long-term grit.
- Execution Ability: Demonstrated capability to build, either through technology, operations, or both.
2. Business Criteria
- Preference for capital efficiency over dependence.
- Solving problems that can reach 1 million+ lives.
- Clear execution advantage: tech or operational.
- Strong validation from domain experts, particularly in climate.
Why This Works:
High-quality founders. Resilient businesses. Zero governance failures.
Beyond the Numbers
While the benchmarks are encouraging, we remain grounded in the belief that how results are achieved is as important as the results themselves. BlueGreen Ventures Fund I, supported by Global CXOs and successful founders, continues to operate with the same humility, discipline, and on-ground understanding that guided us from the beginning. Looking ahead, our focus remains unchanged: partnering with visionary founders who can help India transition from a nation of job seekers to job creators.
Open for Dialogue
If you would like to understand our performance metrics or diligence the data in more detail, please feel free to reach out to us on info@bluegreen.vc
