Private Equity as Canary in a Coal Mine: Building the Ecosystem for Effective Global Financial Integration

36 Pages Posted: 26 Oct 2012 Last revised: 3 Mar 2014

See all articles by Stephen J. Mezias

Stephen J. Mezias

INSEAD Abu Dhabi Campus

Prodyumna Goutam

Indian Institute of Management (IIM)

Date Written: March 03, 2014

Abstract

A burgeoning private equity (PE) industry provides investment capital to build the capacity of an economy for innovation and entrepreneurial growth. We argue that for PE to contribute to this capacity building requires effective systems for allocation of financial capital to the private sector and an ecosystem of supportive organizations. To illustrate these claims, we review the recent history of PE in the MENA region to contrast the PE industry in MENA, which stagnated after the financial crisis, with the industry in Turkey, which recovered quickly from a brief pause after the crisis and has thrived since 2008.

Keywords: Private Equity, Organizational Forms, Middle East and North Africa

Suggested Citation

Mezias, Stephen J. and Goutam, Prodyumna, Private Equity as Canary in a Coal Mine: Building the Ecosystem for Effective Global Financial Integration (March 03, 2014). INSEAD Working Paper No. 2014/17/EFE, Available at SSRN: https://ssrn.com/abstract=2166838 or http://dx.doi.org/10.2139/ssrn.2166838

Stephen J. Mezias (Contact Author)

INSEAD Abu Dhabi Campus ( email )

P.O. Box 48049
Abu Dhabi
United Arab Emirates

Prodyumna Goutam

Indian Institute of Management (IIM) ( email )

Vastrapur
Ahmedabad, Gujarat 380 015
India

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