Chapter 6. Global markets, regional penetration, and country risk
6.1. Global private equity and the size of regional markets109
6.2. Why do penetration rates vary so much?115
6.3. The quality of the business environment and permissible markets121
6.5. Summary and conclusions133
Appendix 6.1: A brief guide to publicly available sources that may help investors assess the quality of the business environment134
In Chapter 5, we have argued that global investing may help increase risk-adjusted returns of private equity portfolios. Until recently, the potential for international portfolio diversification ...