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

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dc.contributor.authorDivakaran, Shanthi
dc.contributor.authorMcGinnis, Patrick J.
dc.contributor.authorShariff, Masood
dc.date.accessioned2014-04-10T18:56:34Z
dc.date.available2014-04-10T18:56:34Z
dc.date.issued2014-04
dc.description.abstractThis 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. Through active participation on the board of directors or in partnership with management, private equity investors equip companies with critical improvements in governance, financial accounting, access to markets, technology, and other drivers of business success. Although private equity investors could help to create, deepen, and expand growth of small and medium enterprises in developing economies, the vast majority of private equity in such markets targets larger or more established enterprises. Technical assistance, when partnered with private equity, can unlock more investor commitments and considerably enhance the ability of small and medium enterprises in emerging markets to raise private equity capital. Technical assistance provides funding that allows private equity funds to extend their reach to smaller companies. Technical assistance can mitigate some level of risk and increase the probability of successful investments by funding targeted operational improvements of investee companies. Dedicated technical assistance facilities financed by third parties, such as development finance institutions, governments, or other parties, have emerged to fill this critical need. The paper discusses the provision of investment capital twinned with technical assistance, which is now more accepted by limited partners and general partners or fund managers and is becoming more of a market model for private equity finance focused on small and medium enterprises.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19327172/private-equity-venture-capital-smes-developing-countries-role-technical-assistance
dc.identifier.doi10.1596/1813-9450-6827
dc.identifier.urihttps://hdl.handle.net/10986/17714
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6827
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO INFORMATION
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTING
dc.subjectACCOUNTS RECEIVABLE
dc.subjectADVANCED ECONOMIES
dc.subjectADVISORY SERVICE
dc.subjectAFFORDABILITY
dc.subjectALTERNATIVE ASSET
dc.subjectALTERNATIVE INVESTMENTS
dc.subjectAMOUNT OF CAPITAL
dc.subjectANGEL INVESTOR
dc.subjectANGEL INVESTORS
dc.subjectASSET CLASS
dc.subjectASSET CLASSES
dc.subjectBANK FINANCING
dc.subjectBENEFICIARY
dc.subjectBUDGETING
dc.subjectBUSINESS ADVISORS
dc.subjectBUSINESS ADVISORY
dc.subjectBUSINESS OPPORTUNITY
dc.subjectBUSINESS OWNERS
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS STRATEGY
dc.subjectBUSINESS SUCCESS
dc.subjectBUSINESS TRAINING
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY CONSTRAINT
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FUND
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STRUCTURE
dc.subjectCAPITAL · · · · FUND
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCONFLICTS OF INTERESTS
dc.subjectCORPORATE DEBT
dc.subjectCREDIT GAP
dc.subjectCREDITS
dc.subjectCUSTOMER BASE
dc.subjectDEBT FINANCING
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT CORPORATION
dc.subjectDEVELOPMENT FINANCE
dc.subjectDEVELOPMENT FINANCE INSTITUTION
dc.subjectDEVELOPMENT FINANCE INSTITUTIONS
dc.subjectDISBURSEMENT
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIES OF SCALE
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectENDOWMENTS
dc.subjectENTERPRISE ASSISTANCE
dc.subjectENTREPRENEURS
dc.subjectEQUIPMENT
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY FINANCING
dc.subjectEQUITY FUNDS
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEQUITY INVESTORS
dc.subjectESCROW
dc.subjectESCROW ACCOUNT
dc.subjectEXIT MECHANISMS
dc.subjectEXPENDITURES
dc.subjectEXTERNAL CAPITAL
dc.subjectFINANCES
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INVESTORS
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFLOW OF INVESTMENT
dc.subjectFUND MANAGEMENT
dc.subjectFUND MANAGER
dc.subjectFUND MANAGERS
dc.subjectFUNDING SOURCES
dc.subjectGRACE PERIOD
dc.subjectGREEN REVOLUTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROUP OF FIRMS
dc.subjectHOLDING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTERNAL RATE OF RETURN
dc.subjectINTERNAL RATES OF RETURN
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT BANKS
dc.subjectINVESTMENT CAPITAL
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PERIOD
dc.subjectINVESTMENT PORTFOLIO
dc.subjectINVESTMENT PROCESS
dc.subjectINVESTMENT PROPOSALS
dc.subjectINVESTMENT RISKS
dc.subjectINVESTMENT STRATEGY
dc.subjectINVESTOR INTEREST
dc.subjectINVESTOR RELATIONS
dc.subjectIPO
dc.subjectJOB CREATION
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL SYSTEMS
dc.subjectLENDER
dc.subjectLEVEL OF RISK
dc.subjectLOAN
dc.subjectLOCAL INVESTORS
dc.subjectLONG-TERM DEBT
dc.subjectLONG-TERM FINANCE
dc.subjectLONG-TERM INVESTOR
dc.subjectLONG-TERM RESOURCES
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET ENVIRONMENT
dc.subjectMARKET PLAYERS
dc.subjectMARKET REGULATORS
dc.subjectMARKET RETURNS
dc.subjectMATURITY
dc.subjectMICRO-ENTERPRISE
dc.subjectMICRO-INSURANCE
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDER RIGHTS
dc.subjectMONETARY FUND
dc.subjectNEW COMPANIES
dc.subjectNEW MARKET
dc.subjectNEW MARKETS
dc.subjectOPERATING COSTS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPERSONAL SAVINGS
dc.subjectPOLITICAL RISK
dc.subjectPOOL OF FUNDS
dc.subjectPOOLS OF CAPITAL
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO MANAGEMENT
dc.subjectPORTFOLIOS
dc.subjectPOTENTIAL INVESTMENT
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE EQUITY FINANCE
dc.subjectPRIVATE FUND
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR FINANCE
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPROFESSIONAL INVESTORS
dc.subjectPROFESSIONAL QUALIFICATIONS
dc.subjectREAL ESTATE
dc.subjectRETURNS
dc.subjectRISK CAPITAL
dc.subjectRISK MANAGEMENT
dc.subjectRISK PROFILES
dc.subjectSECURITIES
dc.subjectSEPARATE ASSET
dc.subjectSEPARATE ASSET CLASS
dc.subjectSHAREHOLDERS
dc.subjectSMALL ENTERPRISE
dc.subjectSOCIAL DEVELOPMENTS
dc.subjectSTART-UP
dc.subjectSTART-UP CAPITAL
dc.subjectSTART-UP COSTS
dc.subjectSUBORDINATED DEBT
dc.subjectSUPPLY CHAINS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNICAL SUPPORT
dc.subjectTRADE CREDIT
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRUST FUND
dc.subjectTYPE OF INVESTOR
dc.subjectUNION
dc.subjectVALUATION
dc.subjectVENTURE CAPITAL
dc.subjectVENTURE CAPITAL FUND
dc.subjectWORKING CAPITAL
dc.titlePrivate Equity and Venture Capital in SMEs in Developing Countries : The Role for Technical Assistanceen
dspace.entity.typePublication
okr.crossref.titlePrivate Equity and Venture Capital in SMEs in Developing Countries: The Role for Technical Assistance
okr.date.disclosure2014-04-01
okr.date.doiregistration2025-04-10T09:15:59.666815Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/04/19327172/private-equity-venture-capital-smes-developing-countries-role-technical-assistance
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid336471468155132454
okr.identifier.doi10.1596/1813-9450-6827
okr.identifier.externaldocumentum000158349_20140401132328
okr.identifier.internaldocumentum19327172
okr.identifier.reportWPS6827
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/01/000158349_20140401132328/Rendered/PDF/WPS6827.pdfen
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitNon-Bank Financial Institutions Unit, Capital Markets Practice
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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