Much More Asia Yet to Emerge

The China and India private equity markets, with some 2,500 and 500 GPs already established, respectively, cannot be described as entirely fitting the “emerging” definition, at least from the point of view of the International Finance Corporation. But according to Vikram Raju, Senior Global Funds Specialist for the IFC, there remain huge swathes of Asia that are in need of support to help build out private capital ecosystems.

In a Privcap interview, Raju describes the development of the Chinese and Indian private equity markets, the need for further development in certain out-of-the-way regions within these two countries, and why he believes Indonesia and Vietnam are at a “nice tipping point.” He discusses what hopeful GPs need to know about the IFC’s screening methods, and he gives an insider’s report on early private equity activity targeting Myanmar, a country that has only just recently opened up to foreign capital.