The global private equity industry will focus more on emerging markets in coming years as Brazil and China become the leading global recipients of capital from the sector, a senior industry executive said on Monday.There will also be more listed takeover firms in the years ahead and players will focus on "value creation," or active management of investments, rather than macroeconomic trends or debt to make acquisitions, said David Rubenstein, co-chief executive officer of Carlyle Group LP, one of the largest U.S. private-equity firms.In a speech about the sector that he dubbed "Private Equity 4.0," Rubenstein said sovereign wealth funds will be the industry's main funding source and their coffers may keep rising in coming years thanks to stable sources of income. China and Brazil, the world's largest emerging market economies, will be the top recipients of private-equity capital in a few years, he said.The executive, who co-founded Carlyle, said the push into emerging markets is even bigger than it was at prior industry phase between 2006 and the end of last year.
Shares of CG fell by 1.39% or $-0.47/share to $33.25. In the past year, the shares have traded as low as $23.85 and as high as $39.38. On average, 697771 shares of CG exchange hands on a given day and today's volume is recorded at 380569.
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