DOCSLIB.ORG

South Africa

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
South Africa Gauteng ENTREPRENEURIAL ECOSYSTEM SNAPSHOT SOUTH AFRICA WITH SUPPORT FROM ENTREPRENEURIAL Gauteng ECOSYSTEM SNAPSHOT South Africa has the second largest economy in entrepreneurs. These organizations collectively operate Africa. Yet, due to a variety of structural, historical, 215 programs that provide non-financial support, 90 and political factors, the economy is susceptible to programs that provide financial support and seven fluctuations. Persistent challenges to economic growth programs that provide other support services to in turn affect the ability to start and grow businesses. entrepreneurs in Gauteng. The OECD identifies high unemployment rates, high interest rates, and rising oil prices as a few of these This snapshot also builds on previous efforts to identify challenges. In addition, South Africa remains one of support for entrepreneurs in South Africa. ANDE’s South the most unequal countries in the world. In an effort Africa Chapter created its first snapshot in 2015 and to reduce inequality and eliminate poverty by 2030, released an update in 2017. South Africa produced the National Development Programs in Gauteng are clustered in Johannesburg, Plan 2030, which provides a long-term vision for the with over 87% of programs with offices and/or country to achieve economic growth. staff located in the metropolitan area. Within the Within this larger economic context, a concentrated Johannesburg metropolitan area, 63% of programs examination of one region within South Africa can have a physical presence in the wealthy Sandton suburb. provide greater insight into a specific geographic Only 13% of programs operate in the lower income area, close information gaps, and help foster a local townships of Soweto, and less than 10% work in the environment in which entrepreneurs can thrive. This Roodepoort and Southern townships. snapshot commenced in February 2018 with support 55% of these programs are sector agnostic and mainly from the Department for International Development focus on employment generation, due to South Africa’s (DFID). It provides an in-depth look at programmatic high unemployment rate. In addition, most programs support available to entrepreneurs in South Africa’s state that they focus on supporting women and youth. In economic hub, the Gauteng province. terms of investment models, only 15% of respondents In this snapshot of the Gauteng province, the Aspen included impact investing strategies in their business Network of Development Entrepreneurs (ANDE) models, and equity was the preferred investment identified 255 organizations with programs supporting instrument overall. METHODOLOGY Review of Surveys and Stakeholder Existing Literature Interviews Meetings To see more data and findings, see the digital version of ANDE’s Ecosystem Snapshots at: ecosystems.andeglobal.org SOUTH AFRICA SUMMARY 215 90 7 NON-FINANCIAL FINANCIAL SUPPORT OTHER ECOSYSTEM SUPPORT PROVIDERS PROVIDERS SUPPORT PROVIDERS TOP SECTOR OF FOCUS TOP VERTICALS OF SURVEY RESPONDENTS OF SURVEY RESPONDENTS % % FOCUS ON NO SPECIFIC 55 ARE SECTOR AGNOSTIC 47 55+45J 47+53J VERTICAL TOP FINANCIAL INSTRUMENT NON-FINANCIAL SUPPORT OF SURVEY RESPONDENTS OF SURVEY RESPONDENTS % % FOCUS ON BUSINESS 56 PROVIDE EQUITY 75 56+44J 75+25J STRATEGY AND PLANNING TOP IMPACT OBJECTIVE TOP STAKEHOLDERS FOCUS OF SURVEY RESPONDENTS OF SURVEY RESPONDENTS 53% FOCUS ON EMPLOYMENT 56% FOCUS ON WOMEN 53+47JGENERATION 56+44J ENTREPRENEURS GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 2 DATA Intervention Type Provide Nonfinancial Services to % Entrepreneurs Directly (160) 63 Promote and Educate about % Entrepreneurship (106) 42 Invest Directly (69) 27% Conduct Research on the Sector (51) 20% Provide Financial Support to % Intermediaries (24) 9 Invest into Funds (5) 2% Other (19) 7% n=255 Investment Instrument +1007% +1002920274263 56 Equity (43) % Debt (30) 39 % Grant (16) 21 14% Quasi-Equity (11) 3% Guarantees (2) 8% Other (6) n=77 GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 3 DATA Nonfinancial Support 75% 68% 42% 40% 37% 75Business Strategy +25H 68Access to Networks +32H Marketing42 Support or+58H 40Financial +60H 37Needs Assessment +63+H and Planning and Partners Market Research Management (61) (123) (112) (69) (65) 35% 32% 30% 29% 28% 35Leadership +65H 32Due Diligence +68H Technology30 Development+70H 29Sector Development+71H 28Value/Supply Chain +72+H Development (53) or Adoption (48) Development (58) (49) (46) 26% 25% 24% 24% 22% 26Media Exposure +74H 25Legal, Accounting, +75H 24Building HR +76H 24Governance +76H 22Ideation +78+H (42) Other Office Services Capacity Structure (36) (41) (39) (39) 20% 20% 16% 16% 15% 20Performance +80H 20Investor +80H 16Investor Showcases +84H 16Exit Strategies +84H 15Building M&E +85+H management Matchmaking (27) (26) Capacity (33) (32) (25) 11% 3% 11Product +89H 3Other +97H Certification (5) n=164 (18) GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 4 DATA Stakeholder Type Business Development Service 47% Provider (101) Accelerator/Incubator (92) 43% Enterprise Development Services (85) 40% Consultant (51) 24% Impact Investor (33) 15% Venture Capital Fund (26) 12% Private Equity Fund (23) 11% DFI/Multilateral (14) 7% Angel Investor (14) 7% Crowdfunding (11) 5% Fund of Funds (8) 4% Funder of Accelerators (6) 3% n=215 Nonfinancial Support Delivery Mechanism Mentoring (125) 58% Classroom/Seminar Training (96) 45% Direct Consulting Services (82) 38% Cohort or Group Support (75) 35% Peer to Peer/Network-based 31% Support (67) Co-working Space (39) 18% Competitions/Prizes (33) 15% Seat on the Board (16) 7% Talent Placement (10) 5% Fellowships (9) 4% Other (8) 4% n=214 GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 5 DATA Sectors of Focus Sector Agnostic (137) 55% Information and Communication 26% Technology (66) Agriculture & Food (63) 25% Energy (53) 21% Manufacturing (49) 20% Financial Services (49) 20% Education (48) 19% Health (42) 17% Supply Chain Services (41) 16% Logistics & Distribution (39) 16% Infrastructure/Facilities 14% Development (36) Wholesale and Retail Trade (36) 14% Environment (35) 14% Hospitality/Travel/Tourism (33) 13% Transportation (33) 13% Media & Entertainment (33) 13% Water & Sanitation (32) 13% Housing and Community % Development (26) 10 % Land Conservation (25) 10 Artisanal (23) 9% Forestry (22) 9% Culture (20) 8% n=250 GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 6 DATA Stakeholder or Business Model Focus Women Entrepreneurs (100) 56% Youth Entrepreneurs (99) 56% Social Enterprise (88) 50% Urban Communities (69) 39% Minority or Previously Excluded Population (63) 36% Rural Communities (62) 35% Accessibility (56) 32% Gender Inclusion (53) 30% Science, Engineering or Invention Based Businesses (51) 29% Citizen Empowerment (50) 28% Base of the Pyramid (43) 24% Advocacy (34) 19% Resiliency/Climate Change (30) 17% Ethical Sourcing (27) 15% Franchising (22) 12% Refugees and Migration (11) 6% n=177 Verticals None (67) 47% FinTech (45) 31% AgTech (45) 31% E-commerce (39) 27% EdTech (38) 26% Data Analytics (36) 25% CleanTech (33) 23% Software as a Service (SaaS) (33) 23% Biotech (32) 22% Hardware (21) 15% n=144 GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 7 DATA Impact Objective Employment Generation (116) 53% Income/Productivity Growth (107) 49% Capacity Building (89) 41% Access to Financial Services (81) 37% Access to Information (64) 29% Equality and Empowerment (57) 26% Community Development (47) 22% Access to Education (47) 22% Agricultural Productivity (32) 15% Food security and Nutrition (30) 14% Sustainable Energy (27) 12% Health Improvement (24) 11% Sustainable Land Use (22) 10% Access to Energy (22) 10% Energy and Fuel Efficiency (19) 9% Natural Resources Conservation (17) 8% Water Resources Management (16) 7% Pollution Prevention and Waste Management (16) 7% Access to Clean Water and Sanitation (15) 7% Affordable Housing (13) 6% Human Rights Protection or Expansion (12) 6% Generating Funds for Charitable Giving (11) 5% None (11) 5% Disease-specific Prevention and % Mitigation (9) 4 Conflict Resolution (8) 4% n=218 GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 8 STAGES OF SUPPORT KINDS OF SUPPORT EQUITY QUASI-EQUITY DEBT GRANT GUARANTEES Academic Institution IDEA START UP EARLY GROWTH MATURE Anzisha Prize (African Leadership Academy) Centre for Development and Enterprise Da Vinci Institute Entrepreneurship Development Academy (Gordon Institute of Business Science (GIBS)) GetSmarter OSA Ecosystem Regenesys Business School (No stage information available) The Generator Plus Program (Wits Enterprise) Tshimologong: Digital Innovation Precinct (Tshimologong) University of Johannesburg’s College of Business and Economics (University of Johannesburg) GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 9 KINDS OF SUPPORT EQUITY QUASI-EQUITY DEBT GRANT GUARANTEES Bank or Financial Institution IDEA START UP EARLY GROWTH MATURE Absa Enterprise Development (Absa) Deutsche Bank South Africa’s Entrepreneurship Centre (Deutsche Bank South Africa) Inyosi Enterprise and Supplier Development (Inyosi Empowerment) Merchant Capital Nedbank Enterprise Development (Nedbank) Old Mutual Royal Fields Enterprise Development Programme (Royal Fields Finance) SME Toolkit Online Resource for SMEs (Business Partners Limited) Spartan SME Growth Finance (Spartan SME Finance) Thundafund Crowdfunding Platform (Thundafund Pty Ltd) Uprise Africa GAUTENG | Entrepreneurial Ecosystem Snapshot | 2018 10 KINDS OF SUPPORT EQUITY QUASI-EQUITY DEBT GRANT GUARANTEES Capacity Development Provider IDEA START
Load more

Recommended publications
  • Staffing M&A Funders and Advisors
    Global Market Information and Forecasts Staffing M&A Funders and Advisors 2 September 2020 | Adam Pode, Director of Research (EMEA & APAC) | [email protected] M&A Funders and Advisors Directory | 2 September 2020 Introduction Use this report to identify M&A • This directory provides full records for over 30 companies operating in the M&A space funders and advisors and around the world. Some firms provide services in just one market while others provide understand the nature of their international and cross-border M&A advice and services in up to 40+ countries. They are services listed in alphabetical order, and an index is provided at the rear of this document (page 34). • An additional 115+ firms who have been identified as providing M&A services are also shown (pages 28 to 33). We have tried to make this report as exhaustive as possible, but if there are additional companies you believe should be listed, or if you would like to contribute a “full” entry within this directory, please contact the author, shown below. • This report is designed as a standalone document but can also be read in conjunction with our M&A reports which are available to subscribers of Staffing Industry Analysts’ research services. These included our interactive dashboard of staffing and workforce solutions M&A activity, which details more than 1,300 transactions in the sector. • If you are interested in joining our service or require further information, please contact Tina McGarvey at [email protected]. In addition, you can subscribe free to our Daily News, which reports deals as and when they happen, by clicking here.
    [Show full text]
  • Lawrence M. Braun
    Lawrence M. Braun Partner T: +1.213.617.4184 333 South Hope Street C: +1.213.999.0444 Forty-Third Floor F: +1.213.443.2814 Los Angeles, CA 90071 [email protected] Larry Braun is the former Leader of the firm’s Corporate Practice Group. In addition to his law degree, Larry holds an M.B.A. in Finance from the Kellogg School at Northwestern University and has attained the New Jersey C.P.A. Certificate Requirements. He was previously a managing director of the largest private investment banking firm on the west coast. Larry is resident in the firm’s Los Angeles office, where he represents public and private companies in the areas of mergers and acquisitions, corporate finance, securities and general business. Areas of Practice Larry is an advisor to clients ranging from family-owned businesses to multi-national corporations in many diverse industries such as high-tech and computers, healthcare, consumer goods, aerospace and defense and grocery and food service. His principal areas of practice consist of general corporate law, corporate finance and securities law, mergers and acquisition transactions, contractual matters (including licensing and distribution arrangements), healthcare transactions and general business counseling. Honors ■ Leading Dealmakers in America List, Lawdragon, 2021 ■ Southern California Super Lawyer, Super Lawyers, 2007-2021 ■ The Los Angeles 500 - The Most Influential People in Los Angeles, Los Angeles Business Journal, 2016-2017 ■ Trailblazer - Mergers and Acquisitions and Antitrust, National Law Journal,
    [Show full text]
  • Years in Private Equity a Timeline
    Private-equity political donations in Conn. and N.Y. state attract criticism. MAR GP Investimentos raises FEB Calpers invests $175 million Publicly traded VC firms CMGI and for stake in Carlyle Group. MAR Accel Partners build its $800 million for what at the time Internet Capital Group emerge. Years in Private Equity was the largest Latin American fund. own homepage on the internet. 1997 A string of new firms form, AUG Canada Pension 1993 Plan Investment Board JAN Madison MAY Goldman Sachs including Audax Group, New A Timeline Dearborn Partners makes its first private- closes first fund of funds Mountain Capital and Silver Lake. equity commitments. completes spinoff with $900 million. 2001 FEB Bain Capital hits from First Chicago the market seeking $250 Venture Capital. SEPT David Retik, co-founder 25AUG Landmark Partners million for its third fund. Total Fundraising (then Landmark Ventures) $134.24 billion of Alta Communications, and across 630 funds Chris Mello, an associate, both agrees to buy a 21-fund MAR Florida SBA crafts 1995 Total Fundraising 1999 die aboard American Airlines portfolio from Harvard partnership with newly Management and sets out $18.02 billion Co-investment funds to Flight 11 in terrorist attack on across 162 funds formed Liberty Partners to DEC Forstmann the World Trade Center. to raise $100 million to invest directly in companies. invest alongside core funds fund the deal and others. start to emerge. Little agrees to invest $1 AUG American Express billion in stock of Total Fundraising agrees to sell its entire Total Fundraising OCT About 30 institutional Total Fundraising $71.40 billion Glut of $1 billion funds in telecom company $119.44 billion investors form the Institutional $200 million private-equity $33.97 billion across 381 funds Europe concerns investors.
    [Show full text]
  • Lawrence M. Braun
    Lawrence M. Braun Partner T: +1.213.617.4184 333 South Hope Street C: +1.213.999.0444 Forty-Third Floor F: +1.213.443.2814 Los Angeles, CA 90071 [email protected] Larry Braun is the former Leader of the firm’s Corporate Practice Group. In addition to his law degree, Larry holds an M.B.A. in Finance from the Kellogg School at Northwestern University and has attained the New Jersey C.P.A. Certificate Requirements. He was previously a managing director of the largest private investment banking firm on the west coast. Larry is resident in the firm’s Los Angeles office, where he represents public and private companies in the areas of mergers and acquisitions, corporate finance, securities and general business. Areas of Practice Larry is an advisor to clients ranging from family-owned businesses to multi-national corporations in many diverse industries such as high-tech and computers, healthcare, consumer goods, aerospace and defense and grocery and food service. His principal areas of practice consist of general corporate law, corporate finance and securities law, mergers and acquisition transactions, contractual matters (including licensing and distribution arrangements), healthcare transactions and general business counseling. Honors ■ Leading Dealmakers in America List, Lawdragon, 2021 ■ Southern California Super Lawyer, Super Lawyers, 2007-2021 ■ The Los Angeles 500 - The Most Influential People in Los Angeles, Los Angeles Business Journal, 2016-2017 ■ Trailblazer - Mergers and Acquisitions and Antitrust, National Law Journal,
    [Show full text]
  • Deals Closed in Q2 2017 Deals Closed in Q2 2017
    28 | BUYOUTS | July 24, 2017 www.buyoutsnews.com DEALS CLOSEDCLOSED IN IN Q2 Q2 2017 2017 Sponsor Acquiring entity (if Target Value ($Mil) Industry Add-on? Secondary? Deal Type Target add-on) Advisors 125 South Wacker 125 South Wacker Drive, 145.000 Real Estate No No Standalone Buyout - Drive, Chicago SPV Chicago ABRY Partners LLC Confie Seguros Inc EZ Insurance Inc 0.000 Financials Yes No Standalone Buyout - ABRY Partners LLC Confie Seguros Inc Louis p Ferrari Agency Inc 0.000 Financials Yes No Standalone Buyout - ABRY Partners LLC Confie Seguros Inc Rodney D Young Insurance 0.000 Financials Yes No Standalone Buyout - Inc ABRY Partners LLC Confie Seguros Inc Tremont Spirit Insurance Inc 0.000 Financials Yes No Standalone Buyout - ABRY Partners LLC Confie Seguros Inc Valletta Insurance Inc 0.000 Financials Yes No Standalone Buyout - Accel Partners JAGGAER Inc POOL4TOOL AG 0.000 High Technology Yes No Standalone Buyout goetzpartners Corp Finance Signal Hill Capital Group LLC Advent International GTM do Brasil Quantiq Distribuidora Ltda 172.053 Materials Yes Yes Standalone Buyout Bradesco BBI Corp Comercio de Produtos Quimicos Ltda Advent International UNIT4 NV Assistance Software EMEA 0.000 High Technology Yes No Standalone Buyout Corum Group Ltd. Corp BV Advent International GMD SA 84.700 High Technology No No Carve-out - Corp Advent International Invercap Holdings SA de CV 0.000 Financials No No Standalone Buyout - Corp AE Industrial Belcan LLC Schafer Corp 0.000 Industrials Yes Yes Standalone Buyout Raymond James & Partners LLC Associates
    [Show full text]
  • Quarterly Update for Period Ending 30 June 2018
    Quarterly update for period ending 30 June 2018 Fund activity Following the Fund’s successful capital raising, under which US Select Direct II invested in ReSource Pro, a leader in operations it received commitments of more than $188 million, the Fund efficiency and business process solutions for the insurance industry. committed US$115 million to US Select Private Opportunities Fund ReSource Pro brings to the insurance industry tools, technology and IV, LP (LP). strategic services that enable profitable growth through operations excellence. Approximately 3,000 ReSource Pro employees provide During the quarter, the LP successfully secured commitments in dedicated support to more than 300 insurance organisations, and four leading, US-based small to mid-market private equity funds for have consistently achieved a +95% client retention rate for more a total commitment of US$62.5 million. With these commitments, than a decade. For more details, please visit www.resourcepro.com the Fund is now 48% committed. Astra Partners I Fund facts The LP has committed US$10 million to Astra Partners I. The five founders of the firm bring more than 100 years of industry, KEY FUND DETAILS investment and operating experience in the communications and Inception April 2018 technology industries. Astra invests in established communications and technology services companies with unique opportunities for Unlisted investment Sector value creation. trust Elephant Partners II Currency AUD (unhedged) The LP has committed US$10 million to Elephant Partners II. Co- NTA $0.281 founded in 2015 by Jeremiah Daly and Andy Hunt, both of whom worked for Highland Capital Partners, Elephant Partners focuses Market capitalisation $33.0 million on investing in consumer internet, mobile and software companies.
    [Show full text]
  • Hedge Fund Spotlight
    VOLUME 10, ISSUE 3 ■ MARCH 2018 HEDGE FUND SPOTLIGHT KNOW YOUR INVESTOR IN THIS ISSUE It is undeniably important for fund managers to understand how to tailor an approach to different types of investors, each with different preferences. This article details the investor types currently active in hedge funds, as well as their interests in and expectations of FEATURE the asset class. Know Your Investor 3 Find out more on page 3 INDUSTRY NEWS 9 THE FACTS ■ Performance 10 Benchmarks FUND SEARCHES AND MANDATES ■ Fund Searches 12 and Mandates ■ Fund Terms and 14 Using data from Preqin's online platform, we break down recent fund searches by investor type and Conditions location, and look at the most common fund searches ■ Activist Funds 16 issued so far this year. ■ Top Performing 18 Hedge Funds Find out more on page 12 CONFERENCES 20 PREQIN RECENTLY RELEASED: INVESTOR OUTLOOK: ALTERNATIVE ASSETS H1 2018 Private Equity ■ Venture Capital ■ Hedge Funds ■ Real Estate Infrastructure ■ Private Debt ■ Natural Resources PREQIN INVESTOR OUTLOOK: ALTERNATIVE ASSETS, H1 2018 All data in this newsletter can be downloaded to Excel for free Download Your Copy Sign up to Spotlight, our free monthly newsletter, providing insights into performance, investors, deals and Alt Credit Intelligence European and US Fund Services Awards: Best Data and Information fundraising, powered by Preqin data: Provider | Africa Global Funds Awards 2016: Best Research and Data Provider | The Queen’s Award for Enterprise: International Trade | HedgeWeek Global Awards: Best Global
    [Show full text]
  • Venture Capital Investments
    IBIS Media VCT 1 plc Annual Report & Financial Statements for the year ended 31 January 2016 Incorporated in England and Wales with registration number 5660269 Contents Financial Summary 1 Strategic Report Chairman’s Statement 2 Investment Adviser’s Review 4 Objectives and Key Policies 13 Reports from the Directors The Board, Investment Committee & Investment Adviser 15 Directors’ Report 16 Statement of Corporate Governance 18 Statement of Directors’ Responsibilities 21 Directors’ Remuneration Report 22 Report of the Independent Auditor 25 Financial Statements Income Statement 27 Balance Sheet 28 Statement of Changes in Equity 29 Cash Flow Statement 30 Notes to the Financial Statements 31 Information for Shareholders Notice of Annual General Meeting 40 Form of Proxy 43 Corporate Information 45 IBIS Media VCT 1 plc 1 Financial Summary Year ended 31 January 2016 2015 Net assets £3,836,419 £5,593,882 Net asset value per share 35.30p 51.47p Investment income £89,593 £104,854 Return on ordinary activities before tax - Revenue £(90,201) £4,551 - Capital £(1,667,262) £(617,771) - Total £(1,757,463) £(613,220) Return per share - Revenue (0.83)p 0.04p - Capital (15.34)p (5.73)p - Total (16.17)p (5.69)p Dividend per share declared in respect of the year - Revenue Nil Nil - Capital Nil Nil - Total Nil Nil Share price at end of year 21.0p 21.5p 2 IBIS Media VCT 1 plc Strategic Report Chairman’s Statement The aim of the Strategic Report is to provide shareholders with the ability to assess how the Directors have performed their duty to promote the success of the Company for shareholders’ collective benefit.
    [Show full text]
  • Trivest VCT Plc (Incorporated in England and Wales Under the Companies Act 1985 with Registered Number 4069483)
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about this offer for subscription you should consult your bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services Act 1986 without delay. This prospectus contains information drawn from the prospectus comprising listing particulars dated 13 October 2000. Copies of a prospectus (the Prospectus) prepared in accordance with the listing rules made under section 142 of the Financial Services Act 1986, have been delivered to the Registrar of Companies in England and Wales as required by section 149 of that Act. In subscribing for Ordinary Shares you will be treated as subscribing solely on the basis of this Prospectus which should be read in conjunction with this document. Your attention is drawn to the risk factors set out on page 15 of this document and to the terms and conditions of application set out on pages 19 to 21 of this document. Application has been made to the Official List of the UK Listing Authority for the whole of the ordinary share capital issued and to be issued pursuant to this offer for subscription to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc for shares to be admitted to trading on the London Stock Exchange plc’s market for listed securities. It is expected that such admission will become effective and that dealings in the Ordinary Shares will commence on the business day following allotment. 5,000 Ordinary Shares have been made available to the market at a price of 100p per share payable in full on subscription.
    [Show full text]
  • Quarterly Update for Period Ending 31 December 2020
    Quarterly update for period ending 31 December 2020 Market update About the funds Global equities rallied in the December quarter, with markets supported by Throughout 2020, 66% of institutional investors invested in private equity. The CD Private Equity Fund Series, including CD Private Equity Fund positive results from COVID-19 vaccine trials and a resolution to the US The general view is that there will be significant growth in the PE industry I (CD1), CD Private Equity Fund II (CD2), CD Private Equity Fund III election. The MSCI World Index was up 14.1% in US dollar (USD) terms, over the next five years, with economists forecasting AUM growing by (CD3), and CD Private Equity Fund IV (CD4) (together, Funds or Fund and 6.3% in Australian dollar (AUD) terms (+7.4% against the USD). In US$1.3 trillion. Barring any significant economic event and sustained high Series), is a series of private equity funds focused on US small-cap USD terms the market finished the year up 16.5% (+6.3% in AUD terms), levels of "dry-powder” across the industry these changing trends provide private equity funds and direct company investments. The Fund recovering to be up 70.7% from the COVID-19 induced low in March 2020. structural support for the ongoing success of the CD Funds. Series investments are selected by a joint venture between the private Activity in capital markets, including private equity, continues to recover, investment arm of the Cordish Companies of Baltimore, Maryland, with a significant increase in deal flow in the quarter.
    [Show full text]
  • The World Is Multi-Asset
    THE WORLD IS MULTI-ASSET 1 Western India Regional Council of The Institute of Chartered Accountants Of India 2-DAY WORKSHOP ON ALTERNATIVE INVESTMENTS JO MURPHY MANAGING DIRECTOR, HEAD OF ASIA PACIFIC FRIDAY, 9TH FEBRUARY, 2018 REBALANCE YOUR EDUCATION PORTFOLIO CONTENT Why Alternative Investments? …. Investor Appetite Asia Pacific Investors …. Who are they? A Dive into the Global Hedge Fund Industry Due Diligence Professional Development What’s next? THE WORLD IS MULTI-ASSET 4 THE CAIA CHARTER DESIGNATION . Globally recognized credential for professionals managing, analyzing, distributing, or regulating alternative investments. Highest standard of achievement in alternative investment education. Comprehensive program comprised of a two-tier exam process: . Level I assesses understanding of various alternative asset classes and knowledge of the tools and techniques used to evaluate the risk-return attributes of each one. Level II assesses application of the knowledge and analytics learned in Level I within a portfolio management context. Both levels include segments on ethics and professional conduct. GLOBAL PRESENCE Membership Growth 10,000 9,000 8,000 6,000 5,700 4,000 3,265 2,000 561 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* *2017 Data through May 2017 CAIA Charter Level I Curriculum – Third Edition Core Concepts . Professional Standards & Ethics . Introduction to Alternative Investments . Real Assets . Hedge Funds . Private Equity . Structured Products . Risk & Portfolio Management Level I Curriculum Changes New or Updated Topic Areas . Liquid alternatives . New introduction chapter devoted to financial economics . Structured products expansion (equity, commodity, and fixed income products) . Real asset expansion Enhanced Applications on caia.org .
    [Show full text]
  • Private Equity INSIDER 2
    JUNE 23, 2010 Banks Mapping ‘Volcker Rule’ Maneuvers As Congress puts the finishing touches on its financial-reform legislation, bank 6 ‘VOLCKER RULE’ TARGETS executives are working feverishly to develop a game plan for hundreds of billions 2 Duo to Pitch Own Funds of Funds of dollars of private equity and hedge fund assets they might have to divest under the measure’s “Volcker Rule.” 2 Early Word Goes Out on Mining Play President Obama has said he wants the bill on his desk by the end of this week, 2 Startup Appeals for Outside Backing ahead of the G-20 summit in Toronto starting on Saturday. The tight timetable sparked an intense lobbying effort by banks to take much of the bite out of the 2 CapStreet Undershoots Equity Target Volcker provision. But if the strict wording survives, it would take a severe toll on 13 large banks that operate 20 asset-management units overseeing some $450 bil- 3 Deutsche Auction Plan Riles Bidders lion of private equity and hedge funds — vehicles the institutions could no longer 3 IVP Races to ‘One-and-Done’ Close be affiliated with (see list on Pages 6-7). Partly in anticipation of the rule, Citigroup has made it known that some of its 3 Riverside Taking Final Commitments See VOLCKER on Page 7 5 Organic-Farm Play Makes the Rounds Alaska Permanent Vexed by Investor Status 5 New Mexico Seeks Investment Help Is Alaska Permanent Fund eligible to invest in private equity vehicles? 11 FUND-RAISING ACTION For a while, the $35 billion operation essentially fudged the issue when it came to assuring fund managers that it was an accredited investor under the SEC’s Regulation D.
    [Show full text]