Data & Intelligence

Mid-Year 2020 Global Private Capital Industry Data & Statistics

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Fundraising for EM-focused private capital vehicles declined by 15%, year over year, to USD34.7b in the first half of 2020. COVID-19 has introduced uncertainty across global markets and led to unprecedented travel restrictions, which have in turn meant delays in fundraising for many GPs.

Nonetheless, many established firms were able to leverage existing relationships to secure new capital, particularly within the venture capital (VC) space. VC fundraising reached 12.3b in 1H 2020, up 57% from the same period in 2019. Sequoia’s China Growth Fund VI (USD2.8b), Lightspeed Opportunity Fund (USD1.5b), and Qiming Venture Partners Fund VII (USD1.1b) were the largest VC funds raised across emerging markets in 1H 2020 and drove China fundraising to USD12.7b.

Continued momentum among tech and VC funds was not confined to China, however. Quona Capital’s Accion Quona Inclusion Fund announced a USD204m final close for its second impact vehicle targeting fintech startups across Africa, Asia, and Latin America. Vickers Venture Partners and India-focused Chiratae Ventures also announced second closes at USD200m and USD194b, respectively, for their latest funds.

Data Insights

These market snapshots contain high-level executive summaries; key data points; and underlying fund, investment, and exit listings.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company