| Sovereign wealth funds must be encouraged to invest in emerging markets, to make up for the drought of long-term investment. The ADB and other multilateral development banks need to “catalyze” money from sovereign wealth funds (SWFs) in order to tap into a rich seam of wealth that could help close the threatened funding gap for infrastructure and other long-term projects, a private equity specialist said.
Assets of the world’s half dozen or so major SWFs have now grown to a massive $4.6 trillion and this will soon exceed $5 trillion, according to Arvind Mathur, former head of capital markets in the ADB’s private sector department and now head of his own Indian private equity firm...............................................Full Article: Source
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