Greenpark, IFC target emerging markets secondaries
Greenpark Capital's tie-up with International Finance Corp. (IFC) to create a $500 million emerging markets secondaries fund (EMSF) makes a lot of sense. The former has plenty of experience in secondary investments but a limited emerging markets presence; the latter is active in over 100 developing countries and wants to open up primary fund investment channels by creating a new source of liquidity for LPs.
Industry participants endorse the project's motives but say it is difficult to assess the chances of success given the paucity of information available on the fund. It remains to be seen how effective...
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