EMPEAEmerging Markets Private Equity Association (Washington, DC)
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The International Monetary Fund has forecast in its 2014 World Economic Outlook that that Middle East and North Africa region will be the third fastest growing region in the next 5 years and data cited by EMPEA indicates that MENA as a bloc constitutes a $3.
The Emerging Markets Private Equity Association, EMPEA, has over 300 member companies who jointly manage over US$1 trillion of assets.
Fundraising activity in the first six months of 2011 reached almost full year 2010 levels, and we estimate that fundraising for the full year could reach $40 billion or more, which would exceed the 2006 total," said Sarah Alexander, President and CEO of EMPEA.
ra Africa East Africa 2003 2,200 406 417 NA 350 2004 2,800 1,777 714 NA 545 2005 15,446 2,711 1,272 791 1,915 2006 19,386 3,272 2,656 2,353 2,946 Multiple Total Regions 2003 116 3,489 2004 618 6,454 2005 3,630 25,765 2006 2,580 33,193 Source: EMPEA (Emerging Markets Private Equity Association) 2007.
EMPEA said its 2013 survey showed 36 per cent of investors did not plan to increase or decrease investments, up from 17 per cent last year, a sign that "an increasing number of institutional investors are reaching their target level of exposure".
EMPEA estimates that emerging markets funds have raised US$25 billion between January and April 2008, and US$59 billion in 2007, "which was already a two-fold increase over 2006," she added.
Sarah Alexander, chief executive of the US-based Emerging Markets Private Equity Association, writes: "In the developing markets in which EMPEA operates, private equity is often the only finance option available, and it is the most efficient, driven by professional investors who manage the funds, select companies they believe will prosper for the long term, and bring corporate governance regimes that are generally lacking in these markets.
They expect these returns to be sustainable over the next five years, and they are therefore ramping up their activity in response," said Sarah Alexander, President of EMPEA.
5 billion raised in 2004, according to EMPEA estimates.
The EMPEA LP Survey indicates that this dramatic growth of private equity fundraising for emerging markets is expected to continue.
Launched in May 2004, EMPEA is an international membership association serving the over 1,000 private equity and venture capital firms in Asia, Eastern Europe, Africa, Latin America, and the Middle East.
Emerging market fund managers are increasingly bullish in light of stabilising markets and lower valuations," said Sarah Alexander, President and CEO of EMPEA.