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emerging markets

India: fertile ground for GP-leds?

Asset and manager quality still pose problems for secondaries buyers in a market where many funds are coming to the end of their lives with large amounts of remaining NAV.

HarbourVest raises $1.7bn for non-US fund of funds

The fund is targeting primary fund investments, secondaries and direct co-investments in Europe, Asia and emerging markets.

Ashburton seeks $85m for African secondaries – exclusive

The firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.

Mantra hits first close on way to €100m target – exclusive

The niche investor's second fund has hit €64m as it aims for double the amount raised for its debut vehicle in 2015.

An emerging opportunity

Recent GP-led deals involving emerging markets show buyers are taking these regions more seriously.

Goldman buys in Baring Vostok tender offers – exclusive

The Russian private equity firm gave investors a liquidity option on two of its buyout funds, though low pricing meant lower than expected uptake.

Emerging markets hold $48bn in stranded capital

The CEE and CIS regions are disproportionately represented in terms of managers failing to raise successor funds, according to data from industry body EMPEA.

Emerging markets secondaries still in their infancy

Asia is the largest while the majority of transactions are direct secondaries.

Rede lands ex-Pantheon exec to lead origination

Dushy Sivanithy, who spent 10 years at Pantheon, will oversee origination activity across the firm’s primary fundraising, secondaries and strategic advisory services.

NewQuest: Asia is not for the faint-hearted

Each regional market poses its own set of challenges and opportunities according to Darren Massara, managing partner at the only Asian firm to make our Si30 ranking.

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