PE在新兴市场的经验.pptVIP

Roger Leeds 3 Premises About PE in Emerging Markets 1st generation PE funds, with few exceptions, have not met expectations of all stakeholders (M. Barth) Principle explanation for poor performance -- unrealistic assumption that VC model from U.S. could be successfully exported to EMs Case for PE in EMs as compelling as ever, but model must be adjusted on almost every level in order for revitalize asset class credibility The Rationale For PE in Emerging Markets is Compelling A broad global consensus -- private sector development (PSD) in EMs highly desirable Disconnect, however, between a