LPs are focusing on opportunities with familiar managers as forging new relationships proves tough when face-to-face meetings are not possible.
Some Indian business owners have become more receptive to private equity capital during the pandemic, Neeraj Bharadwaj, a Mumbai-based MD at Carlyle, told PEI.
EMPEA is looking to get deeper into Asia, say its chief executive Cate Ambrose, and Julie Ruvolo, managing director of venture capital.
The continent has weathered the pandemic better than other regions but the virus is forcing firms to adapt to restrictions on risk management activity.
Yuan-denominated funds have raised magnitudes more than dollar-denominated funds, though a lack of buyers has hindered the growth of a secondaries market.
Pandemic travel bans have reduced competition for the country’s domestic firms after a period of intense spending by regional and global players.
Corporate pensions, family offices and high-net-worth investors are increasingly making up a bigger share of capital commitments.
The Abraham Accords normalised relations between the UAE and Israel, and investors in the Middle East are optimistic about the opportunities.
Foreign direct investment into emerging markets is forecast to drop by up to $700bn this year, leaving development finance institutions to arrest the fall.
The covid-19 pandemic has dealt severe challenges to the emerging markets growth model but fund managers on the ground are making the best of it.