Should investors take on emerging-market political and currency risk, or concentrate where they have more control?
4 recorded positions from 3 people, first said Oct 24, 2022. They do not agree — the readings below are what each one actually argued.
Emerging market risk is uncompensated so avoid it
Harry Stebbings · Jun 30, 2025
Investors should avoid emerging markets because building a business is hard enough without layering on political and currency risk
The added political and currency risk is uncompensated when company-building risk is already high
Scope: stated as his own blunt personal view
8:39 20VC: Inside KKR's Monster $8BN European Fund | The $500M Turkey Gamble That Went Wrong | Do Andreessen & General Catalyst Scare KKR? | Will AI Kill the PE Model? | Can The PE Model Survive without IPOs and Where is the Liquidity with Philip Freise
Philipp Freise · Jun 30, 2025
KKR should stay out of emerging markets and concentrate on Western Europe, where there is ample opportunity and far more that the firm can control
Turkey and the Ethiopia flower-growing venture both failed for similar uncontrollable reasons, and there is enough to do in Western Europe
Scope: describes KKR's European strategy
8:50 20VC: Inside KKR's Monster $8BN European Fund | The $500M Turkey Gamble That Went Wrong | Do Andreessen & General Catalyst Scare KKR? | Will AI Kill the PE Model? | Can The PE Model Survive without IPOs and Where is the Liquidity with Philip Freise
Emerging markets investing is declining but not dead especially farther out markets
Harry Stebbings · Oct 24, 2022
Emerging markets investing is harder than ever, with a complete retrenchment of capital away from them
48:36 20VC: Uber's Journey to Becoming the Most Valuable Private Tech Company in History, Raising $3BN From Saudi in Just 60 Days, Uber's $30BN Mistake in Food Delivery, Why Recent Uber M&A Will be the Worst in Tech & Mastering Negotiations and Deal-Making with
Jake Gibson · Jul 14, 2023
Emerging markets investing is struggling, and the further out on the emerging spectrum you go, the tougher it gets — but there are still opportunities and good companies there.
In a low-interest-rate environment money was free and investors reached for risk in places they'd never been and knew little about; now capital is coming much closer to home.
Scope: struggling rather than dead; they still invest in emerging markets, but less in the very far-out ones
11:33 20VC: Why Fund Sizes Should Be Smaller, Should Founders Also Have Their Own Funds, Is Emerging Markets Investing Gone, Is Fintech Investing Dead & Who Will Be The Winners and Losers in VC in the Next 10 Years with Sheel Mohnot, Co-Founder @ BTV
Your assistant can query this graph directly — 4 positions here, 19,646 across the corpus. Add 996.fm over MCP.