Private equity/venture capital investments between Jan and Sept 2020 declined by 21% in terms of value to $ 28.9 billion in 2020 from $ 36.4 billion in 2019. However, this number would have declined 53 per cent to $17.2 billion compared to the same period last year if PE investments in Reliance Group entities are excluded. One of the major reasons for the decline in PE-VC investments in 2020 so far is muted performance by infrastructure and real estate sectors, which contributed the most in 2019, in wake of coronavirus lockdown