PT  - JOURNAL ARTICLE
AU  - Darek Klonowski
TI  - Searching for “Alpha” beyond the BRICs: <em>Private Equity Returns and General Partners’ Selection in Poland</em>
AID  - 10.3905/jpe.2012.15.2.075
DP  - 2012 Feb 29
TA  - The Journal of Private Equity
PG  - 75--83
VI  - 15
IP  - 2
4099  - https://pm-research.com/content/15/2/75.short
4100  - https://pm-research.com/content/15/2/75.full
AB  - The strong development of private equity in Poland is no coincidence. Economic stabilization and growth, the strong development of the private sector, a favorable business outlook, and continuous improvements to the local institutional infrastructure (laws, accounting regulations, and fiscal regimes) have all served to strengthen the Polish private equity industry. This article offers two conclusions: Private equity in Poland generates the strongest long-term returns among emerging market countries, and a careful selection of local general partners can further enhance returns for limited partners.TOPICS: Private equity, emerging, portfolio construction, manager selection