Private Equity and Venture Capital in SMEs in Developing Countries : The Role for Technical Assistance

This paper discusses the constraints for private equity financing of small and medium enterprises in developing economies. In addition to capital, private equity investors bring knowledge and expertise to the companies in which they invest. Throug...

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Bibliographic Details
Main Authors:	Divakaran, Shanthi, McGinnis, Patrick J., Shariff, Masood
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CAPITAL ACCESS TO INFORMATION ACCESS TO MARKETS ACCOUNTING ACCOUNTS RECEIVABLE ADVANCED ECONOMIES ADVISORY SERVICE AFFORDABILITY ALTERNATIVE ASSET ALTERNATIVE INVESTMENTS AMOUNT OF CAPITAL ANGEL INVESTOR ANGEL INVESTORS ASSET CLASS ASSET CLASSES BANK FINANCING BENEFICIARY BUDGETING BUSINESS ADVISORS BUSINESS ADVISORY BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS PLAN BUSINESS STRATEGY BUSINESS SUCCESS BUSINESS TRAINING CAPACITY BUILDING CAPACITY CONSTRAINT CAPACITY CONSTRAINTS CAPITAL FLOWS CAPITAL FUND CAPITAL INVESTMENTS CAPITAL MARKETS CAPITAL STRUCTURE CAPITAL · · · · FUND CASH FLOW CASH FLOWS CENTRAL BANK CONFLICTS OF INTERESTS CORPORATE DEBT CREDIT GAP CREDITS CUSTOMER BASE DEBT FINANCING DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT CORPORATION DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTION DEVELOPMENT FINANCE INSTITUTIONS DISBURSEMENT DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKETS ENDOWMENTS ENTERPRISE ASSISTANCE ENTREPRENEURS EQUIPMENT EQUITY CAPITAL EQUITY FINANCING EQUITY FUNDS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY INVESTORS ESCROW ESCROW ACCOUNT EXIT MECHANISMS EXPENDITURES EXTERNAL CAPITAL FINANCES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INVESTORS FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEMS FLOW OF INVESTMENT FUND MANAGEMENT FUND MANAGER FUND MANAGERS FUNDING SOURCES GRACE PERIOD GREEN REVOLUTION GROSS DOMESTIC PRODUCT GROUP OF FIRMS HOLDING HUMAN CAPITAL HUMAN DEVELOPMENT INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTERNAL RATE OF RETURN INTERNAL RATES OF RETURN INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INVENTORY INVESTING INVESTMENT ACTIVITIES INVESTMENT BANK INVESTMENT BANKS INVESTMENT CAPITAL INVESTMENT CORPORATION INVESTMENT FUND INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PERIOD INVESTMENT PORTFOLIO INVESTMENT PROCESS INVESTMENT PROPOSALS INVESTMENT RISKS INVESTMENT STRATEGY INVESTOR INTEREST INVESTOR RELATIONS IPO JOB CREATION LEGAL ENVIRONMENT LEGAL SYSTEMS LENDER LEVEL OF RISK LOAN LOCAL INVESTORS LONG-TERM DEBT LONG-TERM FINANCE LONG-TERM INVESTOR LONG-TERM RESOURCES MARKET DEVELOPMENT MARKET ENVIRONMENT MARKET PLAYERS MARKET REGULATORS MARKET RETURNS MATURITY MICRO-ENTERPRISE MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINORITY SHAREHOLDER MINORITY SHAREHOLDER RIGHTS MONETARY FUND NEW COMPANIES NEW MARKET NEW MARKETS OPERATING COSTS OWNERSHIP STRUCTURE PENSION PENSION FUNDS PERSONAL SAVINGS POLITICAL RISK POOL OF FUNDS POOLS OF CAPITAL PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS POTENTIAL INVESTMENT PRIVATE BANKS PRIVATE CAPITAL PRIVATE EQUITY PRIVATE EQUITY FINANCE PRIVATE FUND PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR FINANCE PRODUCTIVE INVESTMENT PROFESSIONAL INVESTORS PROFESSIONAL QUALIFICATIONS REAL ESTATE RETURNS RISK CAPITAL RISK MANAGEMENT RISK PROFILES SECURITIES SEPARATE ASSET SEPARATE ASSET CLASS SHAREHOLDERS SMALL ENTERPRISE SOCIAL DEVELOPMENTS START-UP START-UP CAPITAL START-UP COSTS SUBORDINATED DEBT SUPPLY CHAINS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRADE CREDIT TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUST FUND TYPE OF INVESTOR UNION VALUATION VENTURE CAPITAL VENTURE CAPITAL FUND WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19327172/private-equity-venture-capital-smes-developing-countries-role-technical-assistance http://hdl.handle.net/10986/17714