The Indian Institute of Management Bangalore (IIMB) reveals the establishment of the Tony James Centre for Private Equity and Venture Capital, an innovative Centre of Excellence dedicated to alternative investments.

This signifies India's initial specialized platform aimed at promoting research, education, and collaboration within the private equity and venture capital (PEVC) sector.

The centre receives substantial backing from a significant endowment provided by Mathew Cyriac, Chairman of Florintree Advisors and a 1994 graduate of IIMB's Post Graduate Program. It is designated in tribute to Tony James, who was the former president and chief operating officer of Blackstone, and is a revered personality in the international investment arena.

Cyriac, a co-founder of Yali Capital, stays, "With the evolution of the Indian investing market, I think it will require innovation and sophistication that match the intricacies of the Indian market."

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The project seeks to connect scholarly research with the evolving requirements of India's PEVC ecosystem. It will enhance high-level research, provide specialized academic courses, organize industry-specific events, and serve as a platform for policy debates.

Professor Dinesh Kumar, the director at IIMB, highlighted the significance of funding in promoting high-quality research. The truth is that conducting high-quality research requires significant capital investments.

"To draw and maintain top-tier talent and to invest in essential resources such as data and infrastructure, substantial financial backing is necessary. The centre will aid IIMB's goal of becoming an internationally acclaimed research-oriented institution,” adds Dinesh.

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In honor of academic mentorship, four classrooms will be dedicated to faculty members who influenced Cyriac's educational path.