The geographical breadth of coverage in this latest issue of the Legal and Regulatory Bulletin illustrates the ripple effects – sometimes substantial – which regulation can have on our asset class regardless of its origins. In particular, this issue examines the consideration set for investors new to emerging market private… Read More
Over recent years the US FATCA disclosure regime, designed to tackle tax avoidance by US taxpayers, has become all too familiar to financial institutions the world over. This article does not attempt to explain the rules and regulations in detail, as others have done, but instead considers some of… Read More
On 24 August 2012, Minister of Finance Luc Frieden filed with Parliament Government Bill N° 6471 (“Bill”) on Alternative Investment Fund Managers, transposing Directive 2011/61/EU (“AIFM Directive”), that was expected to pass into legislature in December 2012. On 4 March 2013, the Chamber of Commerce of Luxembourg approved the… Read More
Already a part of private conversations with policymakers and regulators in Africa and Asia, the Guidelines recently served as a starting point for discussions led by the Moroccan private equity and venture capital association, AMIC, with Moroccan government officials, regulators and local industry stakeholders. Read More
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, is raising a fund to invest in companies focused on power, transportation, utilities and telecommunications in emerging markets. The IFC Global Infrastructure Fund has raised US$500 million to date from institutional investors, including a US$100… Read More
LeapFrog Investments, a private investment firm focused on the insurance sector in Asia and Africa, has invested US$4.25 million in Bima, a Sweden-based micro-insurance company that provides coverage in Asia and Africa. Bima markets its insurance products over mobile phone networks in Ghana, Tanzania, Senegal, Mauritius, Bangladesh and Sri… Read More
Delta Partners Capital, an advisory and investment firm headquartered in the United Arab Emirates, has announced the first closing of its Emerging Markets TMT Growth Fund II with US$100 million in commitments. The fund, which is targeting US$300 million in total commitments with a US$500 million hard cap, will… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, the governments of Canada and the United Kingdom, and the sovereign wealth fund of Azerbaijan have collectively invested about US$280 million in the IFC Catalyst Fund, a private equity fund of funds managed by IFC. Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Viewpoint from EMPEA President and CEO SARAH ALEXANDER Raising funds, particularly for mid-sized private equity funds, is more difficult than it has been in years. EMPEA’s Q3 statistics show a difficult environment for fundraising on a pan-emerging market basis. Through the first nine months of the year, 110 funds raised… Read More
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