Secondary transactions have always been the most private part of private equity. For much of the nineties, secondary deals were viewed as tainted, and the general, ill-informed view was that the transactions involved weak investors selling their positions in poorly performing funds. The feeling seems to have been that it… Read More
On January 1, 2016, the Common Reporting Standard (CRS) issued by the Organisation for Economic Cooperation and Development (OECD) entered into effect in certain key investment fund jurisdictions, marking a significant step toward a global system of automatic exchange of information among participating jurisdictions. In general, the CRS requires that… Read More
Regulators and compliance professionals from New York to Dubai to Sydney are eagerly talking about a new risk that seems to have emerged in the aftermath of the financial crisis: conduct risk. It was the Financial Stability Board which in February 2013 first focused its attention on “business conduct”… Read More
In this Bulletin we address a number of commercial, governance, legal and regulatory issues, which we believe are both timely and of broad interest to the emerging market private equity, venture capital, and infrastructure investment community. We are certain that some of the topics covered will be discussed—vociferously perhaps—at… Read More
Global private markets asset management firm Hamilton Lane has reached a final close on Hamilton Lane Strategic Opportunities Fund 2016, a credit-oriented investment fund, with more than US$210 million in capital commitments, exceeding its initial target of US$150 million. Investors in the fund included insurance companies, Taft-Hartley pension plans, endowments… Read More
EMPEA’s Currency Risk Management Survey is the first pan-emerging markets exploration of the impact of currency volatility on the private equity industry. The survey features the views of 146 industry practitioners, and aims to provide the industry with a better understanding of how both GPs and LPs* report and manage exchange rate… Read More
The Macro Picture: What Makes Power a Compelling Sector for Investment? The rise of emerging markets over the last two decades has had a transformative impact on the world economy. According to the International Monetary Fund, from 1995 to 2015, emerging markets’ aggregate GDP in purchasing power parity terms… Read More
In the age of transparency, ESG reporting has evolved into a common practice for private equity practitioners in emerging markets, as evident by the shift in the dialogue around ESG. Instead of speculating over the value of ESG reporting, practitioners are instead engaging around strategies to enhance the quality and… Read More
The 12th annual edition of EMPEA’s Global Limited Partners Survey features the views of 107 limited partners (LPs) on the emerging markets private equity (EM PE) asset class. This study aims to provide the industry with a better understanding of how LPs’ strategies for investing are evolving; what challenges… Read More
Global investment firm KKR has agreed to pursue acquisitions and investment opportunities by establishing a platform to provide asset management services to the oil and gas industry globally. KKR’s investment in the platform will be made primarily by the KKR Asian Fund II. The platform aims to become an integrated… Read More
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