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November 29, 2004
Private Equity in Emerging Markets, opening note
A question of some interest to me, but not just personally.
It pops into mind because the latest Economist highlights private equity in its Finance special section. Having my little role in the emerging markets, on one hand I like to say that it is here, in these rather rough and messed up markets where the model of direct, active investing with a view to shepherding a firm tomaturity or turning inefficient firms has the most attractiion. However, the wrinke is that are there the returns necessary to justify the effort (I think often there are, but that's an assertion), and second what are the returns that justify such a model?
I believe some of my readers here are not innocent of business and finance, and so I thought that I might see if others have thoughts.
http://economist.com/displaystory.cfm?story_id=3398496
EDITED: I note I will out of touch for a week.
Posted by The Lounsbury at November 29, 2004 02:00 PM
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Aug-Dec 2004
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