EMPEA Industry Statistics Fundraising & Investment Analytics – 1H 2013 Historical Statistics – Since 2003 Performance Data – Q4 2012 (Members Only) Data as of 30 June 2013. Published 29 July 2013. Terms of Use: All material and underlying data contained within this presentation are the intellectual property of EMPEA. Any reference to the material must be properly cited with notation attributing EMPEA as the source.
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EMPEA Industry StatisticsFundraising & Investment Analytics – 1H 2013Historical Statistics – Since 2003Performance Data – Q4 2012 (Members Only)
Data as of 30 June 2013. Published 29 July 2013.
Terms of Use: All material and underlying data contained within this presentation are the intellectual property of EMPEA. Any reference to the material must be properly cited with notation attributing EMPEA as the source.
Sources:• Emerging Markets – EMPEA• Developed Asia (JANZ) – Asia Private Equity Review• United States – PitchBook• Western Europe – European Venture Capital Association
• Global fundraising totals are the sum of the four regions listed above.
Fundraising – By Select Markets (Since 2003)
EM PE Fundraising by Select Markets, 2003–1H 2013 (US$m)
Note: Country-specific fundraising totals only capture single-country funds, not country allocations or targets from regional or global funds. Country-specific fundraising totals are included in the regional totals on the previous slide.
Sources:• Emerging Markets – EMPEA• Developed Asia (JANZ) – Asia Private Equity Review• United States – PitchBook • Western Europe – European Private Equity and Venture Capital Association
• Global investment totals are the sum of the four regions listed above.
Investment – By Select Markets (Since 2003)
EM PE Investment by Select Markets, 2003–1H 2013 (US$m)
Sources: • Emerging Markets – EMPEA• United Kingdom – Centre for Management Buy-Out Research• United States – PitchBook • Israel – Israel Venture Capital Research Center• Japan – Asia Private Equity Review
This report provides an overview of trends in fundraising and investment among private equity funds investing in the emerging markets of Africa, Asia, Europe, Latin America and the Middle East. The statistics presented here are drawn from EMPEA’s database of funds and investments, FundLink™, and are based on data from press releases and trade publications, as well as communications with industry participants and regional and country-focused venture capital associations.
Fundraising totals reported herein reflect only official closes (first, second and/or final) as reported in public sources and by the firms themselves. Capital commitments accruing prior to or between official closes are not included. Investment totals included in the report reflect total equity amounts for transactions in which financial details have been reported. For both fundraising and investment data, amounts have been confirmed wherever possible through information provided by the fund managers themselves.
The statistics in this report are based on the “market” approach—EMPEA categorizes activity based on the countries or regions in which fund managers intend to invest (in the case of fundraising) or the country headquarters of the investee company (in the case of investments). In the case of global funds, only those funds investing primarily in emerging markets are included in the totals (e.g., pan-Asia funds with a significant portion of capital intended for investment in China and India). Country-dedicated fundraising analytics reflect only those funds with a single-country strategy or mandate. Target allocations to individual markets within a broader global or regional fund are not attributed to single-country fundraising totals.
Regions in this report are defined as:
• Emerging Asia: all Asia, excluding funds whose primary investment focus is Japan, Australia and/or New Zealand.
• Latin America : Central and South America and the Caribbean region (excluding Puerto Rico).
• Central & Eastern Europe (CEE) & Commonwealth of Independent States (CIS): European Union accession countries, Turkey, the Baltics and Balkans, as well as Commonwealth of Independent States (CIS) countries, including Russia.
• Middle East & North Africa (MENA): Gulf Cooperation Council (GCC), Afghanistan, Iran, Iraq, Jordan, Lebanon, Pakistan, Palestinian Territories, Syria and Yemen, as well as North Africa (Algeria, Egypt, Libya, Morocco, Sudan and Tunisia).
• Sub-Saharan Africa: all Africa, excluding funds whose primary investment focus is North Africa.
Statistics in this publication exclude real estate funds and funds of funds. Infrastructure funds managed by private equity firms and making private equity-style investments are included in this analysis (e.g., equity investments in infrastructure-related industries). Infrastructure investments that fit the conventional model (e.g., greenfield projects and/or project finance) are not included. Secondary investments are also excluded from investment totals because they do not represent an incremental increase in private equity capital in emerging markets, but they are included in exhibits for reference.
For any questions, and to request the underlying constituent fundraising and investment data, contact [email protected] or +1.202.333.8171 ext. 224.
Disclaimer: This information is intended to provide an indication of industry activity based on the best information available from public and proprietary sources. EMPEA has taken measures to validate the information presented herein but cannot guarantee the ultimate accuracy or completeness of the data provided. EMPEA is not responsible for any decision made or action taken based on information drawn from this report.
The Emerging Markets Private Equity Association (EMPEA) is an independent, global membership association whose mission is to catalyze the development of private equity and venture capital industries in emerging markets. EMPEA’s 300+ member firms share the belief that private equity can provide superior returns to investors, while creating significant value for companies, economies and communities in emerging economies. Our members, representing nearly 60 countries and more than US$1 trillion in assets under management, include the leading institutional investors and private equity and venture capital fund managers across developing and developed markets. EMPEA leverages an unparalleled global industry network to deliver authoritative intelligence, promote best practices, and provide unique networking opportunities, giving our members a competitive edge for raising funds, making good investments and managing exits to achieve superior returns.
1077 30th Street NW • Suite 100 • Washington, DC 20007 USAPhone: +1.202.333.8171 • Fax: +1.202.333.3162 • Web: empea.org
Robert W. van ZwietenPresident & Chief Executive Officer