China
China’s big and has grown rapidly — so what? The Economist. SoftBank in São Paulo. Grab Bag. The Ancien Régime and the Revolution.
Trillions
Trillions to deliver impact *at scale,* nickels for the mid-market; Governance; Due Diligence; Private Credit; Bridgewater on Diversification; Herbert Butterfield
Impact Investing
Everybody’s kicking impact investing while it’s down; Manager selection; Winds of Change at CDC; My friend wrote a book; The Press
The Great Wall of Capital
Asia has subsumed everything; very bad news; China’s private sector; Factfulness; Lucretius.
Expectations v. Reality
Expectations of 3x from emerging market private equity funds are unreasonable
Passages
Voyages through a vanished world with a newborn; Profit from Purpose; Deals!; Tough Crowd; Risky Business; GP Stakes; Patrick Leigh Fermor
Illusions and Delusions
On the gap between image and reality; 401(k)s — The Final Frontier; Future Fund; Norway on Governance; Social Capital; Nostalgia for the Absolute
Liquefaction
Amidst global political instability, the most valuable attribute is a flexible mandate; Herd Behavior; KYC; Add-Backs; Short-Termism; Impact Investing; Adda Bozeman
The Work
Year three begins; Advent + Walmart Brazil; African PE: Quo vadis?; Creador + Goldman on Asia; Mr. China Meets the Mekong; A Most Damning Indictment; and, “The Odyssey”
An Extractive Industry
The Toys “R” Us bankruptcy prompts a jeremiad on LBOs; Abraaj: Redux; CEE; India; Turkey; Grapes of Wrath
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