RT Journal Article SR Electronic T1 Unfavorable Aspects of the Czech Republic's Private Equity Environment JF The Journal of Private Equity FD Institutional Investor Journals SP 50 OP 63 DO 10.3905/jpe.2005.580523 VO 8 IS 4 A1 Filip Reich YR 2005 UL https://pm-research.com/content/8/4/50.abstract AB The Czech Republic represents one of the stronger economies of the former communist-bloc nations. Despite its youth, private equity has become an important part of the Czech capital market. It should be noted, however, that the Czech private equity market is far from perfect, in large part due to a bevy of legal and regulatory constraints. This article focuses, in particular, on the investment limitations placed on institutional investors, and the exit problems in the Czech private equity industry. The article examines approaches taken by other countries, namely the United Kingdom and the United States. With respect to institutional investing, in particular, the article looks at the prudent person approach adopted by the U.S. and the United Kingdom.