How Can Fund Managers Integrate ESG Best Practices Into the Investment Life Cycle of EM PE?
13 October 2015CDC Group plc, the UK’s development finance institution (“DFI”) has been investing in businesses in emerging markets for nearly 70 years. Since the early 1990s CDC has played a significant… Read More
EMPEA’s Response to HM Treasury’s Proposal
5 October 2015EMPEA welcomes the opportunity to respond to HM Treasury’s Proposal on using Legislative Reform Order to change partnership legislation for private equity investments (July 2015) and submits this response on… Read More
Views from the Field: Assessing the State of Venture Capital in Emerging Markets
2 September 2015Emerging markets (EM) venture capital (VC) activity—in terms of number of deals completed and total capital invested, and as a percentage of overall EM private investment activity—reached record highs in… Read More
First-time Funds in Emerging Markets
31 July 2015Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant… Read More
ESMA Cover letter and Supplemental Response to Call for Evidence AIFMD and Third country Passporting
7 May 2015EMPEA responded on 8 January, 2015 to the European Securities and Markets Authority (“ESMA”) Call for Evidence on the Alternative Investment Fund Managers Directive (“AIFMD”) Passport and Third Country AIFMs… Read More
2015 Global Limited Partners Survey
30 April 2015Key findings from the 2015 LP Survey: Over the next two years, 33% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets… Read More
Legal & Regulatory Bulletin – Issue No. 14, Spring 2015
27 April 2015I hope you enjoy the lively opinions featured in this season’s Bulletin and are benefiting from EMPEA’s efforts to enhance communications across its various channels. I would particularly like to… Read More
Mind the Gap – Stand Clear of the Risk: Warranty and Indemnity Insurance
26 April 2015What is W&I insurance? W&I insurance provides insurance against both unforeseen losses (e.g. warranties and indemnities (typically tax)) and in some circumstances, identified risks contained in the share purchase agreement… Read More
The Indian Budget, 2015 Implications for Private Equity
26 April 2015The Indian Budget, 2015 – the first full fiscal year budget of the ‘Modi Government’ was presented by the Finance Minister before the lower house of the Parliament on February… Read More
Emerging Markets Fund Terms – How and Why do They Differ from Developed Markets Funds?
26 April 2015Many private fund terms are intrinsic to the funds themselves and are therefore unaffected by whether a fund invests in developed or emerging markets. Outside of these “inward looking” fund… Read More
Investment Treaties: What Every Emerging Market Investor Needs to Know
26 April 2015One of the most important changes in the legal landscape of cross-border investment in the last several decades has been the emergence of international investment treaties. Today, this patchwork of… Read More
Private Equity in the Middle East and North Africa
20 April 2015Geographically situated at the heart of some of the world’s most important trade routes, the countries comprising the MENA region are richly diverse culturally, politically and economically. Stretching from… Read More
EMPEA’s Submission on the Treatment Mandate Process for 3rd Party Price Providers
9 March 2015EMPEA respects the SFC’s mission to gather input on the key issues that will determine the orientation of the SFC’s opinion on the question of whether the requirement for fund… Read More
Views from the Field on Assessing the Impact of Declining Oil Prices on EM PE
20 February 2015Over the last six months, crude oil prices have fallen from over US$100 to less than US$50 per barrel. While the macroeconomic effects of this decline—falling commodity prices, currency volatility, trimmed… Read More
Assessing the Impact of Declining Oil Prices on EM PE – Two Views from MENA
20 February 2015Amjad Ahmad, Chief Executive Officer, NBK Capital Partners Are you seeing the decline in oil prices impacting your portfolio companies? We are definitely recalibrating capital expenditures and focusing on strengthening… Read More