Fundline includes portfolio investment funds, private equity funds and companies, venture capital funds, mutual funds and other equity vehicles.

Other headlines that have recently reached South Africa were Bain Capital and KKR, the big boys of private equity.

39. Of the three forms of private capital flow (loans, FDI and portfolio equity), FDI and portfolio equity investments are more relevant in the present context of African economies.

Section 4 Changes in Equity (Capital) and Information about Shareholders

Article 79 The Company shall generally make disclosure of the changes in paid in capital during the reporting period, including capital and share increase, equity transfer and equity incentive, etc.

Encouraging private capital flows and remittances

(b) Private capital for micro banks.

Private capital flows for capacity building

It's financeable in the private capital market.

Trade, private capital flows, remittances and private transfers currently dwarfed amounts contributed through aid.

They may provide capital in the form of debt or equity participation via investment funds.

Private capital, which accounts for more than 90 of capital flows to developing economies, will remain the dominant source of long term financing. But the availability of long term capital appears to have been impaired, as traditional providers of equity to infrastructure projects, for example, have become less able or willing to invest.

The IFC may also take equity positions in companies to which it lends, play the role of catalyst to other investors from the private sector, and work to develop capital markets in developing countries.

Table 2 Private capital flows to Africa, 1998 2003

And yet there is a major difference between how private equity operates and how a family buys a home. Only a small part of the equity ownership acquired by any private equity fund comes from money provided by the partners who found and operate the fund.

In addition to debt, capital is also provided to infrastructure projects in the form of equity.

However, such equity capital normally represents only a portion of the total cost of an infrastructure project.

These funds are to philanthropy what venture capital, private equity, and eventually mutual funds are to investing, but with a twist because often a community forms around these funds, as it has at Acumen and other places.

Table 2. Net private capital flows to low and middle income

Private capital flows have experienced a substantial growth for several reasons.

Private property, as well as domestic capital, should strengthen their positions.

This dataset takes account of only the approved equity capital for projects in production and under implementation, not actual, and does not cover reinvested earnings and other capital.

There is also a need to promote favourable conditions for achieving international stability in private capital flows and to prevent the destabilization arising from swift movements of private capital flows.

22. Mr. Sengupta (Indian Planning Commission) recalled that private capital accounted for an increasingly large proportion of foreign capital flows.

Some speakers noted the importance of developing private capital markets in Africa.

quot ... the engine of development now, without doubt, is private capital. quot

Private Capital Flows to Developing Economies The Road to Financial Integration, 1997

Countries that are not attractive to private capital suppliers relied primarily on official financing to supplement domestic savings while countries that have access to private capital markets enjoyed relevant financial inflows.

Most of these new insurers utilize private reinsurance to leverage their capital resources.

(b) Private capital flows are heavily concentrated and some countries are virtually excluded

The Company shall disclose changes in paid in capital during the reporting period in details, including changes in the total amount of paid in capital and capital structure due to capital or share increase, equity transfer, the implementation of equity incentive plan or other reasons, and disclose the corresponding registered number of approval, price fixing basis and summary descriptions on the input, restructuring and replacement of assets by investors, etc.

Ideally, foreign private capital should supplement national private capital to that end, the entrepreneurs of developing countries must be prepared to enter into strategic partnerships with their foreign counterparts to launch new projects.

However, before graduates flock to private equity, they should know that only the very big funds can use debt to skew returns for insiders in this way, primarily because only they can raise the capital needed to buy well established companies that are rich in fixed assets, and thus in potential collateral. Smaller private equity funds typically buy into younger, smaller companies without such fixed assets, and the leverage in those deals is commensurately less.

The international community should adopt transparent measures to monitor short term private capital flows in order to further promote investments and protect developing countries from the adverse effects of such unpredictable private capital flows.

27. There are three main categories of private resource flow loans, foreign direct investment (FDI), and portfolio equity investment.

Governments do not tax the return on equity less than debt interest, and lenders do not sufficiently honor the benefits of high equity with lower interest rates, owing to a lack of information about the true repayment probability. This is why equity capital held by financial institutions typically is more than twice as expensive as debt capital and why these institutions try to minimize its use.

(e) The cost of construction of the ESCAP conference building was capitalized during the 1996 1997 biennium, and the capital assets and members equity in the Capital Assets Fund increased by 46,500,000.

Private domestic capital formation is the largest source of new investment in developing communities.

Private capital flows play an increasingly important role in supplementing developing countries' domestic resources.

For many countries, official development assistance could not be replaced by private capital flows.

Venture capital funds could be one mechanism to attract private funds for project financing.

Governments, UNCTAD, World Bank, IMF, financial institutions (private and public), business community (capital market)

In fact, without appropriate development of infrastructure, even private capital may not flow in.

Studies presented at the latter meeting detailed the nature and scope of private sector involvement, including taking equity, forming public private partnerships and fostering other types of joint ventures.

That is that private equity has been sniffing around, and that tells me that this market is about to explode.