Research

Private Equity in Latin America

Stock markets in Latin America are like the US markets of the late 20th century in many respects. The Latin American equivalent of the post-WWII baby boom occurred decades later, which suggests that stock valuations could increase substantially. World Bank statistics on market capitalization as a percentage of GDP support […]

Emerging Opportunities in Direct Lending

Emerging markets offer favorable conditions for the growth of direct lending. Direct lending is not only profitable for investors, but it also supports communities by providing more affordable credit to job-creating small businesses. The Demand from Small Businesses Small businesses have long faced difficulties in obtaining loans from large financial […]

Filling the Local Small Business Financing Gap

Historically, small businesses without extensive credit histories were still able to obtain loans and leases for equipment. Real estate, equipment, and other business assets could be used as collateral for loans. Unfortunately, the severity of the recession reduced the value of some business equipment along with real estate prices.

Niche Investments in Water Infrastructure

There is an enormous unfulfilled demand for water infrastructure. Private investors who meet that demand may be able to earn excess returns while supporting the sustainable development of public resources. The American Society of Civil Engineers calculated that the US requires an additional $82 billion each year in government spending on water infrastructure.

India: A Growing Market for Private Equity

The best investments often reveal themselves during downturns, and India has shown strength in adversity. India’s economy continued to thrive even as rising interest rates in the United States put pressure on emerging markets. World Bank statistics show that Indian GDP increased an impressive 7% in 2018. India has now […]

Vietnam: Investing in Export-Led Growth

Vietnam is already rapidly industrializing and reducing barriers to trade. However, it is still a frontier market with low prices and abundant opportunities for value investors. Vietnam’s GDP increased by 7.1% in 2018 and The Asian Development Bank forecasts continued strong growth of 6.8% in 2019 and 6.7% in 2020. […]