金融基金模板課件

PrivateEquityin

DevelopingCountries小丸子小新PresentByppt模板下載模板下載模板下載模板下載模板下載WHYHOWWHATof1ppt模板下載模板下載模板下載模板下載模板下載LoadingWHYPrivateEquityDevelopingCountriesChina&India123of2ppt模板下載模板下載模板下載模板下載模板下載WhyPrivateEquityAttractiveReturnMitigateRiskBusinessUncertaintyHard-to-valueAssetsInfoAsymmetriesof3Exhibit1ppt模板下載模板下載模板下載模板下載模板下載WhyDevelopingCountries“Economicgrowthremainstheprimarydriverofincreasingemergingmarketprivateequitycommitments.

Source:”Exhibit2HighergrowthLowerleverageHighrateofjobcreationSupportforsmallercompany4ppt模板下載模板下載模板下載模板下載模板下載WhyDevelopingCountriesEU36%

26%

Asia/Oceania

27%15%Exhibit3For2010&2011,Asia/Oceania'sshareishigherthanboththeEU15andtheUSA5ppt模板下載模板下載模板下載模板下載模板下載WhyDevelopingCountriesEmergingmarketsincreaseUSoneofcountriesthatdeclinedfastestExhibit4&5Theindexmeasures:sizeofgov,expenditures,taxes,enterprises,legalstructureandsecurityofpropertyrights,accesstosoundmoneyfreedomtotradeinternationallyregulationofcredit,labor,andbusiness6ppt模板下載模板下載模板下載模板下載模板下載WhyDevelopingCountriesExhibit6&7BoththeBreadthandtheQualityoftheEmergingMarketPrivateEquityOpportunityhaveImprovedSince2000.7ppt模板下載模板下載模板下載模板下載模板下載WhyDevelopingCountriesRestructureexternaldebtBoosteconomichealthIncreaseinvestorconfidenceLowertaxoncapitalgainsEncourageequityinvestment&stockmarketgrowthLowerinvestingcostsDiminishinfoasymmetriesof8ppt模板下載模板下載模板下載模板下載模板下載WhyChina&IndiaEmergingAsianmarketsNO.1attractivedestinationsforglobalinvestorsChinaNo.1investmenttargetfor9consecutiveyearsIndiaNo.2

investmenttargetRisingMiddleClassUrbanMigrationIncreasingMarketDemand10ppt模板下載模板下載模板下載模板下載模板下載WhyChina&India111980sForeigndirectinvestmentallowed:4economiczones(1990everycity)19901ststockexchange2001JoinWTO20042ndboardforSMEs—liquidityfor29.3mSMEs(contributes

75%workforce,51%GDP2004Legalizedtheownershipofprivateproperty

gavecorporationaninfinitelife2006Bankruptcylaw—frameworkofbankruptcyinprivateandstate-ownedenterprises,clearproceduresforinsolvententerprisetorestructureorexitallotmentoptiononIPOs,oneyearlockupppt模板下載模板下載模板下載模板下載模板下載LoadingHOWFundraisingInvestingExiting12314ppt模板下載模板下載模板下載模板下載模板下載HowFundraising–FundStructureLimitedliabilitypartnership

UndertheoldPartnershipLaw,onlyunlimitedliabilitypartnerships werepermissible.Legalpersonpartners

TheamendedPartnershipLawallowsbothlegalpersonsand individualstoinvestinpartnerships19ppt模板下載模板下載模板下載模板下載模板下載HowFundraising–CapitalSourceInstitutionalInvestorsWiththeexceptionofinvestmentstargetedtowardsinfrastructure,regulationsdon’tpermitconventionalsourcesofPEcapitallikeinsurancecompaniesandpensionfundsinIndiatoparticipateinPE.DomesticPEfirmsarelimitedtoraisingfundfromnon-financialinstitutions.IndividualInvestorsDomesticPEfirmsarelimitedtoraisingfundfromaffluentindividualinvestors.21ppt模板下載模板下載模板下載模板下載模板下載HowFundraising–CapitalSourceNewPEplayerindevelopingcountryUSforeignaid(eg.,USAID),UN,WorldBank,IIC,CDCGov.investmentarm:EBRD,DEG,FMO,Norfund,Quasigovcorp.(eg.OPIC)Multilateralfinancialinstitutions(eg.IFC)2foldroleInvestinFundsasdirectgrant/LTloanProvideguarantee22ppt模板下載模板下載模板下載模板下載模板下載HowFundraising–CapitalSourceWhyLocalBasedFundlanguagelocalnetworksexperienceattopUS-basedinstitution24Foranyofthelargeprivate-equityfirmsintheWesttobearealplayerinChina,youprobablyshouldhaveaRMB-dominatedfund.“”--DavidRubensteinppt寶藏_提供下載ppt模板下載模板下載模板下載模板下載模板下載HowInvesting:TypesofInvestment27ppt模板下載模板下載模板下載模板下載模板下載HowInvesting:TypesofInvestmentPrivatizationsImprovetheproductivityofSOE(<<privatefirms)Accessinvestmentcapital&ImproveservicedeliveryReducethefiscalburdenofloss-makingfirms29ppt模板下載模板下載模板下載模板下載模板下載HowInvesting:TypesofInvestmentPrivatizations--DevelopingCountriesExhibit13Privatizationindevelopingcountries.30ppt模板下載模板下載模板下載模板下載模板下載HowInvesting:TypesofInvestmentPrivatizations--Post-CrisisDevelopmentCrisiscreatedpressuresforprivatizationgrowingbudgetdeficitsincreasedgovernmentspendinganddecliningrevenuesIndia:

mandatoryforallprofitableSOEs

tooffer>10%

ofsharesRussian:

anambitiousprogramtogeneraterevenues.Awaveofnationalizationsmayhappen.Truth:govinterventionsmainlyindevelopedcountries,primarilyasatemporaryrescue,notapermanent

takeoverThelegalandinstitutionalframeworkremainsinplaceRegulatoryandcorporategovernancereformsinresponsetothecrisis33ppt模板下載模板下載模板下載模板下載模板下載HowInvesting:TypesofInvestmentInfrastructureFunds:MacroNeedsExhibit16Macroneedsofinfrastructurefunds.42ppt模板下載模板下載模板下載模板下載模板下載HowExitingIPOStronglinkbetweenhealthofIPOmarketandthefundraisingabilityofPEfundsM&ATradeSaleorfinancialInvestorShareSaleOtherWrite-off,buy-backandputbacktocompanyorseller46E