VCCircle LP Summit
Join 16 Years of Shaping India's Private Market
For over a decade and a half, the VCCircle LP Summit has been the meeting ground for India's most influential LPs, GPs, and industry leaders. It's where industry trends are defined, investment strategies are forged, and the future of Indian private capital is shaped. Secure your place among the leaders driving India's growth story.
Theme 2025
Agenda
-
8:30 AM – Onwards
Registration
-
9:15 AM – 9:20 AM
Opening Address
- Anitesh Dharam, Business Head, VCCircle
-
9:20 AM – 9:25 AM
Welcome Address
- Mohamed Sharaf, Chief Operating Officer - FDI, Dubai Department of Economy & Tourism
-
9:25 AM – 10:00 AM
Evolving Dynamics in the LP-GP Engagement in India
How have LP-GP relationships evolved over the years, and what are the key factors driving these changes? What are the peculiarities in relationships with first-time vs. mature GPs? How are GPs managing expectations around fees and carried interest in the current market? How do tax and regulatory changes affect investment decisions and relationship stability? How does GP team stability influence the relationship's long-term success?
Speakers:
- Jay Gandhi, Partner, SAM & Co
- Sunil Mishra, Partner, Adams Street
- Padmanabh Sinha, Executive Director & CIO-Private Equity, NIIF
- Moderator: Aman Malik, Senior Editor, VCCircle
-
10:00 AM – 10:20 AM
Multi-family offices - rewriting the LP strategy
HNIs are no longer satisfied with being passive LPs and want a deeper engagement with funds and portfolio cos. Family offices are helping them innovate their approach and thought process.
- Speaker: Bhaskar Chaudhry, Director- Investment & Corporate Advisory, Entrust Family Office
- Moderator: Anitesh Dharam, Business Head, VCCircle
-
10:20 AM – 10:45 AM
Distribution models to align LP-GP interest
The long lock-in period for getting returns from alternatives has long been a bane for LPs. But the opening up of various exit options has changed the dynamics allowing GPs to push up their DPIs long before the closure of the fund. What distribution structure and model provides the right balance for LPs to get the principal back sooner while also allowing GPs enough flexibility to manoeuvre the portfolio construct and time the exits better?
Speakers:
- Ajit Kumar, Managing Partner, Evolvence Fund
- Navjot Kaur, Director, Epiq Capital
- Moderator: Siddhant Mishra, Principal Correspondent, VCCircle
-
10:45 AM – 11:00 AM
Keynote Address
- Ananth N G, Whole Time Member, SEBI
-
11:00 AM – 11:20 AM
Networking Break
-
11:20 AM – 11:45 AM
Touch of India Inc in alternatives
Corporate treasury heads still bank on more conventional investment tools to manage the pile of profit. This has to do with liquidity of those investments. But some companies have opened their purse strings to PE-VC funds to park a small proportion of their current investments. How do profit making corporates look at the alternatives asset class and how can GPs make it more attractive opportunity for this largely untapped LP universe?
Speakers:
- Rahul Bhuskute, CIO&EVP, Bharti Axa
- Sharad Malpani, Director, VC Investments, ICICI Venture
- Moderator: Aman Malik, Senior Editor, VCCircle
-
11:45 AM – 11:55 AM
Special Address (ESG & Sustainability Quotient)
- Dr. Nishanth Dongari, Founder & Managing Director, PURE
-
11:55 AM – 12:20 PM
ESG & Sustainability Quotient
Companies that adopt ESG principles as part of core business, often experience improved operational efficiency, cost reductions, and increased investor interest due to their long-term risk management capabilities. How can commercial grade returns be twined while meeting deep ESG impact to crowd-in and attract larger pool of capital as a catalyst? What are the success stories from different geographies? How are entrepreneurs trying to create solutions to environmental challenges? How can prioritizing ESG lead to scalable business models that benefit both investors and the world?
Speakers:
- Srini Nagarajan, Managing Director and Head of Asia, BII Group
- Diane Jegam, Regional Director, Proparco South Asia
- Handhi Kentjono, Co-CEO and Founder, Manna Agribio
- Philippe Micone, Founder, Noovoleum
- Moderator: Prithvi Durai, Senior Correspondent, VCCircle
-
12:20 PM – 1:20 PM
Networking Lunch
-
1:20 PM – 1:25 PM
Special Address
- Rajmohan Krishnan, Principal Founder & MD, Entrust Family Office
-
1:25 PM – 1:55 PM
Case for Credit
Equity market has been on a bull run, barring current correction phase, sponging out capital from LPs. Is there a case for Private Credit beyond the risk diversification strategy? As the world is headed towards a lower interest rate regime in the near term what does it mean for GPs with credit as an investment strategy?
Speakers:
- Shilpa Mankar Ahluwalia, Partner, SAM & Co
- Anoop Tulsyan, Group CFO, Ashok Goel Family Office
- Rakshat Kapoor, CIO, Modulus Alternatives Investment Managers Limited
- Amit Kansal, Head, Alternate Investments - Fixed Income, Aditya Birla Sun Life AMC Ltd.
- Moderator: Ajay Ramnathan, Senior Correspondent, VCCircle
-
1:55 PM – 2:25 PM
Lure of real assets
Real assets presents both the assurance of a physical estate and a long term value creation of an infrastructure property. How do LPs look at real estate and infrastructure that come with their own nuances? Has the income generating assets been a success story for LPs looking at diversification from actual ownership of buildings and land? How have REITs and InvITs added more spice to the mix?
Speakers:
- Vishesh Narang, Co-Founder of VNAM, Head Of Family Office at UKPI(Promoter of Berger Paints India)
- Sunil Dhall, CFA Investment Management, Al Rajhi Ekhwan Group
- Moderator: Aman Malik, Senior Editor, VCCircle
-
2:25 PM – 2:30 PM
Report Release
-
2:30 PM – 3:00 PM
Family offices stepping up their gear
How are family offices changing gears with their alternative asset allocation? With direct and co-investments as important part of deployment strategy, how is the playbook evolving for established and new family offices?
Speakers:
- Vishnu Amble, Director, GreenBear Group LLC
- Rajesh Ranavat, Executive Director, Fung Strategic Investments
- Nilang Jain, CIO, GreenGen Family office
- Moderator: Prithvi Durai, Senior Correspondent, VCCircle
-
3:00 PM – 3:20 PM
Risk diversification playbook with The Gulf Tiger
Geographic risk diversification is an essential part of portfolio construction for Indian family offices and Dubai has emerged as a major investment hub for Indian investors due to its strategic location, tax benefits, ease of doing business, and a stable governance with robust regulated financial ecosystem. This straddles various elements, be it a destination for investment in real estate, crypto, or startups focusing on MENA as a market and also a window for investing in the West via setting up legal structures at DIFC. How can family offices look beyond these elements to gain?
- Speaker: Mohamed Sharaf, Chief Operating Officer - FDI, Dubai Department of Economy & Tourism
- Moderator: Anitesh Dharam, Business Head, VCCircle
-
3:20 PM – 3:50 PM
Networking Break
-
3:50 PM – 4:10 PM
Faceoff
Captive vs indie funds; Generalist vs specialist funds, what works for LPs and what do they prefer?
- Speaker: Deepak Padaki, President, Catamaran
- Moderator: Prithvi Durai, Senior Correspondent, VCCircle
-
4:10 PM – 4:40 PM
Fund of funds in India
How are they finding their ground in India’s LP landscape.
Speakers:
- SP Singh, CGM, SIDBI
- SS Acharya, CMD, NSIC (SRI Fund)
- Sandeep Sinha, Co- founder, Oister Global
- Moderator: Siddhant Mishra, Principal Correspondent, VCCircle
-
4:40 PM – 5:10 PM
Venture Capital Playbook for LPs
Traditionally LPs have banked on VCs for building exposure to startups. However, many family offices have tasted success via outsized gains from a few star performers in India. Many family offices now have a clear allocation for investing in startups directly. How can LPs at large and family offices in particular work the jigsaw puzzle of having such ventures in the broader portfolio? How to balance the direct and indirect VC investments and where does venture debt fit in the overall pie?
Speakers:
- Shuchi Kothari, Director, DSP HMK Holdings Pvt Ltd
- Nitesh Aggarwal, CIO, Baldota Family Office Fund
- Nitin Thakor, CEO, Thakor Family Office
- Devashish Khanna, CIO- Private Market Investments, Capri Global Family office
- Moderator: Malvika Maloo, Senior Correspondent, VCCircle
Awards'25 Jury
Gaurav Dalmia
Chairman, Dalmia Group HoldingsT K Kurien
Chief Executive Officer, Premji Invest (PI)Hemal Mirani
Managing Director (Singapore Team), HarbourVestSrini Nagarajan
Managing Director and Head of Asia, BII GroupSpeaker's 2025
Ananth N G
Whole Time Member, SEBIDeepak Padaki
President, CatamaranSrini Nagarajan
Managing Director and Head of Asia, BII GroupMohamed Sharaf
Chief Operating Officer - FDI, Dubai Department of Economy and TourismSunil Mishra
Partner, Adams StreetS. S. Acharya
CMD, NSIC (SRI Fund)Rajesh Ranavat
Executive Director, Fung Strategic InvestmentsVishnu Amble
Director, GreenBear Group LLCAjit Kumar
Managing Partner, Evolvence India FundSandeep Sinha
Co-founder, Oister GlobalSaravana Kumar
Board of Director & Chief Executive Officer, NSIC Venture Capital fundNilang Jain
CIO, GreenGen Family OfficeNavjot Kaur
Director, Epiq CapitalSatya Prakash Singh
Chief General Manager, SIDBIVishesh Narang
Co-Founder of VNAM, Head Of Family Office at UKPI(Promoter of Berger Paints India)Rajmohan Krishnan
Principal Founder & MD, Entrust Family OfficeDiane Jegam
Regional Director, Proparco South AsiaRahul Bhuskute
CIO, Bharti AXA Life, Insurance Co ltdJay Gandhi
Partner, Shardul Amarchand Mangaldas & CoShilpa Mankar Ahluwalia
Partner, Shardul Amarchand Mangaldas & CoSunil Dhall
CFA-Investment Management, Al Rajhi Ekhwan Group Co.Handhi Kentjono
Co-CEO and Founder, Manna AgribioPhilippe Micone
Founder, NoovoleumPadmanabh Sinha
Executive Director & CIO-Private Equity, National Investment and Infrastructure Fund (NIIF)Bhaskar Chaudhry
Director - Investment & Corporate Advisory, Entrust Family OfficeAnoop Tulsyan
Group CFO, Ashok Goel Family OfficeShuchi Kothari
Director, DSP HMK Holdings Pvt LtdAmit Kansal
Head, Alternate Investments - Fixed Income, Aditya Birla Sun Life AMC Ltd.Dr. Nishanth Dongari
Founder & Managing Director, PURENitesh Aggarwal
Chief Investment Officer, Baldota Family Office FundNitin Thakor
CEO, Thakor Family OfficeRakshat Kapoor
Head - Private Credit & Chief Investment Officer, Modulus Alternatives Investment Managers LimitedDevashish Khanna
CIO- Private Market Investments, Capri Global Family officeSharad Malpani
Director, Venture Capital Investments, ICICI VentureLPs Attending This Year

Korea Investment Corporation (KIC)

Catamaran (N R Narayana Murthy-Infosys)

BII Group

Adams Street

NSIC

Fung Strategic Investments

National Investment and Infrastructure Fund

GreeanBear (Single Family Office)

Evolvence India Fund

SIDBI

Greengen family office

Oister Global

Proparco

UKPI Family Office

Sen Family Office

Bharti AXA Life Insurance Company Ltd

Al Rajhi Ekhwan Group Co.

Mirabilis Investment Trust (K Dinesh-Infosys)

Ashok Goel Trust

DSP (Hemendra Kothari FO)

Baldota Family Office (MSPL)

Thakor Family Office (GeBBS)

Randev Ventures

Capri Global Family office

Tanas Capital
Our Sponsors & Partners
Do you have any queries?
Drop us a line and we will call you.











































































