Private Equity into Iraq: A New Definition of Risk Management?

Via Reuters, a recent report that influential emerging markets fund manager Mark Mobius said on Friday that he was in talks for private equity investments in Iraq.  As noted in the article:

“We are looking at private equity in Iraq and are meeting with representatives in Iraq. There are smaller companies in manufacturing, the services and food industries that are keen for investment,” Mobius told Reuters over the telephone from Hong Kong.

…If Templeton moves ahead with its plans for Iraq, it would become among the first private-equity investors in the country since the U.S. invasion in 2003, said Jennifer Choi, director of research for the U.S.-based Emerging Markets Private Equity Association.

Few institutional investors have managed to overcome concerns over Iraq’s security situation despite the promise of its oil and gas resources. One of the few exceptions is Luxembourg-based Godvig Capital Management, whose hedge fund Babylon Fund is focused on Iraq…”

This entry was posted on Wednesday, May 7th, 2008 at 12:42 pm and is filed under Iraq.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.