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Bailey McCann, Opalesque New York: Private capital activity in emerging markets is at record levels, according to the latest report from EMPEA. In 2018, private capital vehicles across all emerging markets raised USD90 billion and invested a disclosed USD70 billion, representing year-over-year increases of 39 percent and 27 percent, respectively. The data shows significant investor interest in emerging Asia.
Due to strong international investor interest in Chinese technology-enabled, consumer-oriented businesses, funds raised for the country reached USD35 billion, the highest level ever recorded by EMPEA. However, China was not alone in posting a year-over-year gain in fundraising. Encouraged by improving investor sentiment and better economic prospects, capital raised for Latin America and Africa increased by 92% and 22%, respectively.
LPs committed USD6 billion to Brazil-focused funds, representing a 267% year-over-year increase and the highest level recorded by EMPEA since 2011. A substantial portion of the 2018 fundraising total accrued to 11 different local currency vehicles, with BRL-denominated fundraising surging to the highest level since 2012. Other fund managers sought to capitalize on investor appetite for private credit fund strategies. GPs raised a record USD2.1 billion for distressed debt, direct lending, and special situations funds-more than quadruple the amount raised over the preceding 12 years combined.
Indian private capital fundraising in...................... To view our full article Click here
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