Why Frontier and Emerging Markets?
- Rapidly growing middle class
- Positive demographic dividend
- New south-to-south trade partners
- Greater urbanisation
Why private equity
- Benefits from market inefficiencies
- Accesses the “real” economy
- Offers attractive valuations and illiquidity premium
- Displays valuable diversification
Why small to mid-market companies?
- A large variety of investable opportunities, lower entry multiples
- Long term determination to grow
- Potential to add significant financial, social and environmental value