Five post-graduate programme students of the Indian Institute of Management, Ahmedabad have set up a Private Equity and Venture Capital club to help students get hands-on experience by involving PE/VC players from India and abroad.
Unlike finance clubs run by most B-schools in the country, this club exclusively focuses on PE and VC funding.
The lack of opportunities and experience in the PE and VC space led five students to set up the club called 'Leverage'.
With about 50 students interested in being members, the club will be a forum for students interested in all aspects of private equity and venture capital.
"We came up with an initial skeletal structure of the PE club by looking at institutes like Harvard and others from the Ivy League. But the end product has been entirely our idea of how a PE club should be.
Although we prefer to call it an interest group for the time being, we plan to run a full-fledged club with more activities soon," says Anirudh Singh, a member of the club.
"PE as an industry has boomed in India and we plan to invite speakers to the campus, hold conclaves, workshops and other events to provide a platform for the students and corporates to interact.
"Also, we are looking forward to hold intra-institute events, where the students can write an investment proposal and a panel of faculty members can judge them.
We have no restrictions when it comes to corporates as we would be involving both top- and middle-level players to encourage more and more activities in the field of PE and VC," says Gagandeep Singh, another member of the club.
As part of formalising the club, the students are holding the first intra-institute event called the 'Zen of Investing', where the club plans to invite alumni working in the area of private equity, besides involving the faculty and students for the activity.
The club also has plans to tie-up with Post-Graduate Programme in Management for Executives (PGPX) students to getter a better perspective of private equity.
"The PGPX students would be able to share their experiences about private equity and with their support, we plan to
involve ourselves with the corporates in a deeper way through various activities, including projects and case workshops," adds Anirudh Singh.
The club is in talks with a few corporates, who have shown interest in sponsoring the club.
"We are considering more options for funding besides the institute and the corporates we are in talks with. Currently, we are in the stage of gauging the responses from the people about the club," says Anirudh Singh, before
adding, "Although we have started out PE and VC, we may consider branching out to other areas like micro finance later."