IIM Bangalore launches PEVC research centre with focus on industry-academia collaboration
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The Indian Institute of Management Bangalore (IIMB) on Thursday launched the Tony James Centre for Private Equity and Venture Capital PEVC ), India's first dedicated Centre of Excellence focused on research, education and industry partnerships in the alternative investments sector.The centre is backed by a significant endowment from Mathew Cyriac, Chairman of Florintree Advisors and a 1994 PGP alumnus of IIM Bangalore . It is named after Tony James, former president and chief operating officer of Blackstone and a veteran of the global alternative investment industry.The initiative aims to bridge the gap between academic research and the evolving needs of India's private equity and venture capital ecosystem. The centre will support research, offer specialised courses, host industry-focused events, and serve as a platform for policy discussions.'As the Indian investing market evolves, I believe it will need innovation and sophistication that suit the nuances of the Indian market', said Cyriac who is also the cofounder of of Yali Capital.As part of the contribution, four classrooms at IIMB will be named after faculty members who influenced Cyriac's academic journey. The CoE will engage with stakeholders, including students, young professionals, PE and VC firms, IIMB's academic and research community such as doctoral scholars, and limited partners (LPs) who provide the capital for investments, IIMB said in a statement.During his address professor Dinesh Kumar, director in charge, IIMB, said, 'The reality is that high-quality research is capital-intensive. To attract and retain world-class talent and to invest in critical resources like data and infrastructure, significant funding is required.' He added that the CoE will help the institute move closer to becoming a research-led institution of global standing.
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