A Different World

As the US economy slows and globalization expands, PE firms try their luck in far-flung lands. Will it work?

July 28, 2008

The credit crunch and slowing domestic business growth have stalled buyout dealmaking in the US, but some domestic private equity firms are putting their money to work another way: investing in far-off lands. Businesses in Africa, China and India, as well as the Middle East, Central and Eastern European regions are drawing capital, as are funds that invest in emerging markets. Whether those emerging market investments will prove to be the US private equity industry's next eureka moment or another elusive treasure hunt remains to be seen.

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