Private equity as an asset class in an institutional portfolio: a South African perspective

Ngwane, A

Private equity as an asset class in an institutional portfolio: a South African perspective

Master Thesis

2012

Publisher

University of Cape Town

Department

Department of Finance and Tax

Faculty

Faculty of Commerce

Abstract

This paper provides evidence about institutional investors’ attitudes and perceptions of private equity as an investment asset class in South Africa. In South Africa this plays an important, but not dominant role in the domestic institutional portfolios, representing about a reasonable asset allocation of assets of the institutional portfolio into private equity. Using an email survey of representatives of pension funds, insurance companies, property investment and asset management companies the study analyses the attractiveness of private equity in terms of institutional investment goals. The survey examines the institutional investors’ perceptions of private equity investment, namely with respect to its total expected returns, risk diversification, economic upliftment, capital appreciation and liabilities matching.

Description

Includes abstract.

Includes bibliographical references.

Keywords

Financial Management

Reference:

Collections

Masters

Full item page