Bonderman hails emerging markets at AVCJ Forum
David Bonderman, Founding Partner at TPG Capital, emphasized emerging markets opportunities in preference to Western ones in his opening keynote speech at the AVCJ Forum today: “When we look at the Top Ten IPOs of 2001, they were all in the West. If you look at the Top Ten IPOs of this year, only three of them were in non-emerging markets, and only one of them was a Western company.”
Noting that TPG was probably the first major PE player to move into Asia, opening a China office in Shanghai in 1994, Bonderman also cautioned that there is a risk of overheating and overexcitement around...
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