empea industry statistics fundraising & investment analytics – ytd 2011 historical statistics...

EMPEA Industry StatisticsFundraising & Investment Analytics – YTD 2011Historical Statistics – Since 2002Performance Data – Q2 2011 (Members Only)

Data as of 30 September 2011. Published 15 November 2011.

Table of Contents

Fundraising & Investment Analytics – YTD 2011Summary………………………………………………………………………………………. 4

Fundraising – By Region (Members Only)…………………………………......5

Fundraising – Funds with Final Closes (Members Only)………………….6

Investment – By Region (Members Only)……………………………………….7

Fundraising – Largest Funds By Final Close (Members Only)…………. 8

Fundraising – Largest Funds By Region (Members Only)………………..9

Investment – Largest Deals By Region (Members Only)……………….. 17

Historical Statistics – Since 2002Fundraising – By Region………………………………………………………………… 20

Investment – By Region…………………………………………………………………. 22

Private Equity Penetration – By Region…………………………………………. 24

Performance Data – Q2 2011Pooled End-to-End Returns – By Region (Members Only)……………… 26

Methodology……………………………………………………………………………………. 31

© Emerging Markets Private Equity Association. Data as of 30 September 2011. Published 15 November 2011. 2

Summary (YTD 2011)

EM PE Deal Volume by Quarter, 2008–YTD 2011

EM PE Fundraising & Investment, 2007–YTD 2011 (US$B)


EM PE Fundraising & Investment as a Percent of Global Total, 2007–YTD 2011

Fundraising – By Region (YTD 2011)

EM PE Fundraising Totals by Region, 2002–YTD 2011 (US$m)

© Emerging Markets Private Equity Association. Data as of 30 September 2011. Published 15 November 2011. *Est. - APER, EVCA Q3 2011 data pending publication. 6

Region 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD 2011Developed Asia (JANZ) 2,128 2,570 4,867 2,902 7,500 8,100 7,149 1,752 2,893 521*

United States 68,200 49,300 94,000 162,000 214,000 324,000 302,000 137,000 87,000 79,000Western Europe 28,823 33,890 37,510 85,030 148,157 119,809 113,290 25,568 24,143 37,415*

Emerging Asia (ex-JANZ) 1,093 2,200 2,800 15,446 19,386 28,668 39,660 15,938 14,206 23,739CEE & CIS 530 406 1,777 2,711 3,272 14,629 5,559 1,586 1,192 860

LatAm & Caribbean 407 417 714 1,272 2,656 4,419 4,461 2,248 5,608 5,725MENA 1,047 726 326 2,669 3,207 5,333 6,875 1,070 448 353

Sub-Saharan Africa 151 741 340 791 2,092 2,034 2,241 964 1,499 1,300Multi-Region N/A 116 618 3,630 2,580 4,077 7,721 801 524 350

Emerging Markets 3,228 4,606 6,575 26,519 33,193 59,160 66,517 22,607 23,478 32,327Global 102,378 90,366 162,142 336,121 499,293 617,560 617,466 243,359 210,271 188,948

Sources:• Emerging Markets – EMPEA• Developed Asia (JANZ) – Asia Private Equity Review• United States – PitchBook• Western Europe – European Venture Capital Association

• Global fundraising totals are calculated as follows: “Preqin’s global total” - “Preqin’s Asia/ROW total” + “Asia Private Equity Review’s Developing Asia (JANZ) fundraising total” + “EMPEA’s emerging markets fundraising total”. The Preqin "Global" and "Asia/ROW" statistics are not included in the table above to improve readability.

Fundraising – By Select Markets (YTD 2011)

EM PE Fundraising Totals by Select Markets, 2002–YTD 2011 (US$m)


Region 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD 2011Brazil 270 230 480 158 2,098 2,510 3,589 401 1,078 4,465China 105 213 311 2,243 4,279 3,890 14,461 6,617 7,509 12,855India 142 236 706 2,741 2,884 4,569 7,710 3,999 3,268 2,883

Russia/CIS 100 175 200 1,254 222 1,790 880 455 75 60South Africa 151 741 340 348 1,190 546 218 N/A 423 110

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.

Investment – By Region (YTD 2011)

EM PE Investment Totals by Region, 2002–YTD 2011 (US$m)

© Emerging Markets Private Equity Association. Data as of 30 September 2011. Published 15 November 2011. *Est. - APER, EVCA Q3 2011 data pending publication. 8

Region 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD 2011Developed Asia (JANZ) 8,869 13,072 7,483 4,892 26,907 10,971 16,432 4,469 9,749 12,465*

United States 39,000 83,000 126,000 173,000 301,000 595,000 215,000 60,000 148,000 100,000Western Europe 28,928 36,526 50,332 55,779 93,934 104,366 74,763 33,316 54,638 37,892*

Emerging Asia (ex-JANZ) 250 4,528 4,316 7,692 22,468 30,370 28,270 13,867 18,308 15,752CEE & CIS 377 676 986 842 4,903 8,345 6,344 3,323 2,398 2,853

LatAm & Caribbean 710 822 609 1,015 4,264 7,545 6,962 1,318 6,648 2,081MENA 132 291 137 524 1,751 3,526 3,370 2,215 793 363

Sub-Saharan Africa 530 651 1,154 1,723 1,292 3,362 2,889 1,383 631 483Emerging Markets 1,999 6,968 7,202 11,796 34,678 53,148 47,834 22,104 28,778 21,532

Global 78,795 139,567 191,016 245,467 456,519 763,485 354,030 119,888 241,165 171,889

Sources:• Emerging Markets – EMPEA• Developed Asia (JANZ) – Asia Private Equity Review• United States – PitchBook • Western Europe – European Venture Capital Association

• Global investment totals are the sum of the four regions listed above.

Investment – By Region (YTD 2011)

EM PE Investment Totals by Select Markets, 2002–YTD 2011 (US$m)


Region 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD 2011Brazil 261 321 120 474 1,342 5,285 3,020 989 4,604 1,685China 126 1,667 1,389 2,991 8,200 9,458 8,994 6,288 9,190 8,576India 40 456 1,272 1,377 5,687 9,905 7,483 4,011 6,222 5,668

Russia/CIS 127 113 240 240 402 805 2,647 217 1,516 1,328South Africa 407 651 1,154 774 895 3,362 2,019 748 47 35

Note: Country-specific investment totals are included in the regional totals on the previous slide.

Private Equity Penetration (2009–2010)

Global Private Equity Penetration, 2009–2010

© Emerging Markets Private Equity Association. Data as of 31 December 2010. Published 15 November 2011. 10

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

• All GDP data – International Monetary Fund

Methodology: Annual private equity investment divided by annual gross domestic product.

Methodology


For any questions, and to request the underlying constituent fundraising and investment data, contact [email protected] or +1.202.333.8171 ext. 240.

Disclaimer: This information is intended to provide an indication of industry activity based on 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.

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About EMPEA


The Emerging Markets Private Equity Association (EMPEA) is an independent, global membership association whose mission is to catalyze private equity and venture capital investment in the emerging markets of Africa, Asia, Europe, Latin America and the Middle East. EMPEA’s 290+ members 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.net

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