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

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.

Grantor dc:publisher.institution

Department of Finance and Tax

Year dc:date.issued

2012

Author dc:creator

• Ngwane, A

Advisor dc:contributor.advisor

• Holman, Glen

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/12073

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/12073