| From IPE: What’s the next growth area after emerging markets? For some sovereign funds, it’s the so-called ‘frontier’ regions such as Africa, the Caribbean, Latin America and Central Asia.
Korea Investment Corporation, the State Oil Fund of Azerbaijan, the Dutch pension fund PGGM and an unnamed Saudi Arabian fund have committed US$600 million to a private equity fund investing across sectors in Africa, Latin America and the Caribbean, managed by IFC Asset Management (AMC), a wholly owned subsidiary of the International Finance Corporation. IFC is co-investing in the fund with commitments of US$200 million..............................................Full Article: Source
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