The Emerging Markets Private Equity Quarterly Review

Quarterly Review Cover The Emerging Markets Private Equity Quarterly Review is an analytical and factual look at private equity investing in the emerging markets of Asia, Africa, Europe, Latin America and the Middle East.

Current Issue Feature Article:

Responsible Investment in Emerging Markets PE: Is Now the Time for ESG Standards?

From project finance to real estate development to public equities, investors are increasingly paying attention to a host of issues broadly categorized as ESG (Environment, Social, Governance). As the importance of extra-financial considerations has grown, so has the adoption of frameworks aimed at helping investors tackle ESG issues. To date, these initiatives have focused primarily on public equities and project finance, but efforts are underway to explore whether, and if so how, ESG guidelines can be applied to private equity.

Such efforts face clear challenges in adapting frameworks built for other asset classes. Nonetheless, a number of pioneering LPs and private equity firms are demonstrating the benefits of more programmatic treatment of extra-financial issues through both cost savings and value creation. It’s unclear whether the private equity industry will end up with new standards specific to ESG, or whether existing efforts to incorporate ESG issues will simply gain sharper attention. Whatever the outcome, private equity investors in emerging markets seem poised to gain from growing interest in responsible investment.

Paving the Way in Other Asset Classes
The concept of Responsible Investment (RI), which refers to the incorporation of ESG issues into the investment process, has taken off in the public equities space. According to the Social Investment Forum, the Responsible Investment industry’s association, an estimated one of every nine dollars under professional management in the United States is involved in RI.

A number of frameworks have emerged to assist asset owners and managers in integrating extra-financial considerations into their investment policies. One example growing widely in acceptance is the United Nations Principles for Responsible Investment (UNPRI). This global effort, backed by UNEP-FI (a partnership between the United Nations Environmental Programme and financial institutions), has to date enlisted participation from over 400 institutions in banking, asset management, insurance and private equity.

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Back Issues

Articles included in: 2008 2007 2006 2005

2008

Volume IV, Issue 3 (September)

Responsible Investment in Emerging Markets PE: Is Now the Time for ESG Standards?
Natural Resources in Africa
Venture Philanthropy: A Private Equity Approach to Giving

Volume IV, Issue 2 (June)

LPs Continue to View Emerging Markets Favorably
The Chinese Limited Partner
Rise of the Local Investor

Volume IV, Issue 1 (March)

The State of Emerging Markets Private Equity: Turning a Corner
India: Can Private Equity Deliver Returns from Infrastructure?
Benchmarking Performance: Challenges and Approaches for Emerging Markets

2007

Volume III, Issue 4 (December 2007)

Continued Improvement in EM PE Performance (Data)
Growing Pool of EM Funds of Funds Diversifies
EM Stock Exchanges: You’ve Come A Long Way, Baby

Volume III, Issue 3 (September 2007)

EMPEA 1H07 Fundraising Statistics
Sub-Saharan Africa: African Private Equity Warming Up
Private Equity Real Estate Investing Booms in Emerging Markets

Volume III, Issue 2 (June 2007)

Institutional Investors’ Interest in Emerging Markets Private Equity Continues to Grow
Southeast Asia
Understanding the Role of Investment Advisors in Manager Selection
EMP Global’s Don Roth Shares His Views on Emerging Markets

Volume III, Issue 1 (March 2007)

Emerging Markets Private Equity Funds Raise Over $33 Billion in 2006
The Middle East and North Africa
Private Equity in the Middle East: Some Legal Considerations
Understanding GP Ownership in Emerging Markets Private Equity

2006

Volume II, Issue 4 (December 2006)

Emerging Markets Private Equity: The Current Landscape and the Road Ahead
Latin America, Re-emergence of Latin American Private Equity
Guest Article: 2005 Scorecard on the PE/VC Environment in Latin America and the Caribbean
LPs Seeking Co-investment Opportunities in Emerging Markets

Volume II, Issues 3 (September 2006)

Central & Eastern Europe
Guest Article: DEG Reports Strong Developmental Effects of its Private Equity Portfolio
LPs Increase Interest in Sector-Specific Emerging Markets Funds

Volume II, Issue 2 (June 2006)

China
Secondary Buyers Start Shopping Emerging Markets
The EM Private Equity Benchmark Continues its Ascent
Guest Article: Fee Structures Must be Reformed for Better Alignment of PE Incentives
Global Private Equity Conference Sells Out at 600

Volume II, Issue 1 (March 2006)

EM Fundraising Triples from 2004-2005
EMPEA 2006 LP Survey: Emerging Markets Private Equity is Going Mainstream
India
EBRD Reports Record Returns from CEE & CIS Funds in 2005

2005

Volume 1, Issue 4 (December 2005)

A good year for Emerging Markets Private Equity
Emerging Markets PE Returns Improving
EMPEA Launches Second LP Survey
EMPEA Advisor David Rubenstein Shares his Views on Emerging Markets
Russia
Emerging Markets Private Equity Grows, but Where are the Local Pensions?

Volume 1, Issue 3 (September 2005)

Welcome to Emerging Markets Private Equity
Exits: $12BN Returned to Emerging Markets PE Investors Already in 2005
Fundraising for Emerging Markets More than Doubles ‘04 Totals
Emerging Markets Private Equity Forum - London, Dec 13-14, 2005
South Africa
Improved Corporate Governance Driving Premium Returns

Volume 1, Issue 2 (June 2005)

Clouds and Sunshine in Latest Benchmark Figures
EMPEA Symposium - Investment Conditions Improving
Feature Country Report - Brazil
Support Grows for International Valuation Standards
US Industry Leaders Target Emerging Markets

Volume 1, Issue 1 (March 2005)

Emerging Markets Fundraising up Significantly for ‘04
New Funds of Funds Increase Options for Emerging Markets PE Investors
EMPEA & Cambridge Associates Collaborate on Performance Index