The Global Venture Capital and Private Equity Country Attractiveness Index
Author(s): Groh, Alexander; Liechtenstein, Heinrich; Lieser, Karsten
Document type: Study and Monograph
CIF - Center for International Finance; Ernst & Young; Emlyon Business School
This report presents the results of a comprehensive research project on how to measure the attractiveness of a country for equity capital investors. Designed to be an index produced annually, it is a dynamic product. An online version that uses the most recent data and allows for country comparisons can be found at http://blog.iese.edu/vcpeindex/
We are pleased to present the third edition of our Global Venture Capital and Private Equity Country Attractiveness Index. The index measures the attractiveness of countries for investors in the venture capital (VC) and private equity (PE) asset classes. It provides the most up-to-date aggregated information on the quality of the investment environment and an assessment of the ease of transaction-making in 116 countries.
There is one notable enhancement with respect to last year’s index edition. We have increased our coverage by 36 countries and include many more emerging economies, notably from Africa. This satisfies investors’ desire to put additional emerging markets on the world map of potential countries for allocation. Although we consider that the stage of economic development in many of these emerging markets is not yet sufficiently mature for the VC and PE asset classes, we can expect improvements in the future. We have therefore started tracking these emerging economies and our index illustrates the advancement of their investment environments.
Bibliographic citation: Groh, Alexander; Liechtenstein, Heinrich; Lieser, Karsten, "The Global Venture Capital and Private Equity Country Attractiveness Index", 06/2012