Data & Intelligence

2010 EMPEA/Coller Capital Emerging Markets Private Equity Survey

Institutional investors increasingly believe that emerging markets are attractive for private equity investment, both on a standalone basis and relative to more developed markets, according to the 2010 EMPEA/Coller Capital Emerging Markets Private Equity Survey:

Key findings include:

  • Over half (57%) of limited partners (LPs) currently invested in EM PE plan to accelerate their new commitments over the next two years.
  • Emerging markets’ share of LPs’ PE investment will continue to grow, with total commitments to EM PE funds expected to rise from 6-10% today to 11-15% in two years’ time.
  • Over three-quarters (77%) of LPs expect annual net returns greater than 16% from their EM PE portfolio (compared with 29% of LPs who expect similar returns from their global PE portfolio).
  • Nearly three-quarters (70%) of LPs are either satisfied or very satisfied with the performance of their EM PE portfolio relative to that of their listed EM equities.
  • 61% of LPs view the alignment of their EM PE managers as just as strong as that of their developed market GPs, and an additional 23% of LPs see a greater alignment with their EM GPs.
EMPEA has served as a useful reference platform for CDPQ by helping to define the eligible universe of fund managers in growth markets. Membership provides background data and a...

Rashad Kaldany | Executive Vice-President and Growth Markets, CDPQ

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Managing Director, The Carlyle Group