Over 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 economic growth forecasts and more—are far-reaching and varied, particularly in emerging markets, the effect of this drop on the private… Read More
Erik Bethel, Managing Director, Darby Private Equity Over the past several months, no news has garnered more attention than the spirited decline in the price of oil and its effects on trade, markets and politics. Naturally, oil’s tumble has affected the markets in which Darby operates, as well as our… Read More
Richard Rincon, Investment Officer, EM PE, UTIMCO The recent decline in oil prices has had a mild positive effect on our overall portfolio primarily thanks to overall geographic and sector portfolio diversification. Over the medium- and long-term, we believe the majority of our portfolio will end up benefiting… Read More
QIC, a global diversified alternative investment firm, has announced that its QIC Global Infrastructure Fund has secured initial capital commitments totaling US$528 million from four institutional investors. The investors included an Asian sovereign wealth fund and an Australian pension scheme. The fund will seek infrastructure investment opportunities in markets around… Read More
The growing size of criminal penalties imposed on U.S. companies, including under the U.S. Foreign Corrupt Practices Act, which rohibits bribery of foreign (non-U.S.) government officials and can also reach private commercial bribery, is attracting increasing attention. But could an FCPA enforcement action actually wipe out the value of your investment? That is what happened to… Read More
Private equity firm Sarona Asset Management has held a final close for Sarona Frontier Markets Fund 2 with US$150 million in capital commitments. Investors included institutional investors, family offices and high-net-worth individuals. Sarona Frontier Markets Fund 2 targets locally-based private equity funds across Africa, Asia and Latin America and has… Read More
What is Emerging Markets Mezzanine Financing? Access to finance is one of the most prevalent challenges facing countless entrepreneurs and business owners across the emerging markets. Local banks have traditionally focused their lending on only a handful of large companies—in part, because they view smaller firms as having insufficient assets… Read More
Key findings from the 2014 Global Limited Partners Survey include: 41% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets over the next two years, higher than the 32% reporting similar intentions in the 2013 survey. 54% of LPs* expect to increase the dollar value… Read More
Bima, a provider of mobile-delivered insurance in emerging markets, has raised US$22 million from existing shareholders Swedish investment firm Kinnevik, emerging markets financial services investor LeapFrog Investments and international telecommunications and media company Millicom. The follow-on funding will be used to support the company’s expansion into new markets in… Read More
Multi-strategy private equity investment firm Siguler Guff & Company has closed its most recent commingled fund, the Siguler Guff BRIC Opportunities Fund III (BRIC III), with US$650 million in capital commitments. The firm also closed three emerging markets-focused separate accounts during its latest fundraising cycle. BRIC III will target… Read More
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