Bruno Raschle of Adveq

Raschle says that the business of private equity is inherently globalizing, and so, for the purpose of creating unity across all exit models, Adveq uses the same standards and benchmarks in the market that it does in its other worldwide transactions.

"Private equity, in our opinion today, is a global business because at the time of exit, you're competing against the rest of the world. This is on both sides, in both going public and the M&A side, and we are applying the same benchmarking standards," he tells AVCJ. "However, having said that, the contribution that is required by a limited partner towards building a firm to 'institutional grade' is much, much higher and more intense than in the Western world, because any fund manager here has to go through the same learning curve as in the West, but instead of maybe 10 or 15 years, maybe within two years."

Raschle adds that India, as well as China, is still among the emerging prospects for firms looking for opportunities because, if there is one aspect the international community would like to see more, it is the emergence of "exitable companies" - those "exited or floated on a competitive level" - which may become more prevalent within the next two years.

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• Adveq Management AG
• Bruno E. Raschle