Barger, TeresaCarter, LaurenceKuczynski, Irving2012-08-132012-08-131996-09Viewpoint. -- Note no. 90 (September, 1996)https://hdl.handle.net/10986/11611Venture capital funds pool and manage money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. These investments tend to be long term, and the industry is relatively new in emerging markets. So only very recently has it been possible to draw some conclusions about the performance of these funds. The authors outline some of the lessons from IFC's portfolio.CC BY 3.0 IGOCAPITAL INVESTMENTSSTOCK MARKETSLEGAL FORMSMACROECONOMIC ANALYSISVENTURE CAPITALEQUITY FINANCE BANK GROUPCAPITAL EXPENDITURESCAPITAL INVESTMENTCAPITAL INVESTMENTSCASH FLOWCASH FLOWSCOMPANYCORPORATE PLANNINGCORPORATIONDISCLOSUREEMERGING MARKET ECONOMIESEMERGING MARKETSENTREPRENEURSEXPANSIONEXPENDITURESFINANCIAL SECTORFIRMSFOREIGN INVESTORSGROWTH FUNDINTERNATIONAL FINANCEINVESTMENT BANKSINVESTMENT FUNDLIQUIDATIONMARKET VALUEPORTFOLIOPRIVATE CAPITALPRIVATE INVESTORSSHAREHOLDERSTRANSITION ECONOMIESVENTURE CAPITALWorld Bank10.1596/11611