In this issue Articles Exit via IPO in China (Ergo Study Excerpt) Inside Perspectives: An Interview with Baring Private Equity Asia’s Jean Eric Salata Regulatory Update (AIFM Directive) The Impact of the Dodd-Frank Act on Investment Adviser Registration in the U.S. Industry Data EMPEA Industry Statistics… Read More
By virtue of its sheer size and incredible growth over the last decade, China presents one of the most compelling destinations for portfolio and direct investment. Yet for all its promise, private equity as an asset class faces a number of challenges in China, particularly when it comes to… Read More
Following the publication in the third quarter of 2009 of the article, RMB Funds—The Current State and Way Forward: A Legal and Tax Wish List, in the EMPEA Quarterly Review, there have been several noteworthy PRC regulatory developments concerning RMB private equity funds. In this article, John Fadely and… Read More
International investors and managers have demonstrated increasing levels of interest in RMB funds as vehicles for investing into China. This article reviews the differences between foreign-funded and purely domestic RMB funds and offers insight into recent regulatory changes that have established the QFLP program and allowed investment by insurance… Read More
Chris Freund, Founder and Managing Partner of Mekong Capital, shares Mekong Capital’s experience, having made 27 investments in Vietnamese companies since Mekong Capital’s establishment in 2001. Mekong Capital undertook a major transformation in its value-addition framework and corporate culture commencing in late 2007, which eventually resulted in major breakthroughs… Read More
Traditionally, international private equity houses making growth capital investments in Chinese businesses have invested via an offshore holding company. Together these holding companies are referred to as a “quasi red chip” corporate structure. In recent months, investors attracted by the substantially higher P/E ratios offered by the A-share market… Read More
Boasting one of the most dynamic private equity industries among the emerging markets, India draws an ever-growing number of investors willing to brave the country’s regulatory and infrastructure hurdles in order to gain exposure to some of the most favorable economic growth and demographic trends to be found anywhere… Read More
Approximately 25 private equity funds dedicated to cleantech investing in emerging markets have been launched since January 2009, although EMPEA estimates that emerging markets drew less than 15% of total private equity investment in cleantech per year in both 2008 and 2009. However, emerging markets are ascending as leaders… Read More
Investors continue to be extremely optimistic about China. The country’s growth story not only remains intact, but is also enabling China to ascend in the global economic order and lead other economies out of the financial crisis. Read More
China’s private equity industry experienced unparalleled growth in 2008 with funds raised for China-dedicated funds increasing by 270% over 2007 totals, and capital invested rising by 18%. The rapid development of the asset class in China contrasts with …… Read More
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