Investigation into the feasibility of an institutionalized private equity secondary market for investors
The development of a private equity secondary market was researched with emphasis on the necessary conditions for the bedrock on which a strong private equity secondary market would prosper. The research looked at the presence of an operational and legal framework, availability of market participants and the possibility of developing a private equity secondary market. The significance of this research is to come up with a platform on which private equity funds could buy and sell private investments from private equity funds and individual investors. The study concludes that Ghana currently has no operational and legal framework for the development of a private equity secondary market although there are number of private equity investments that can source as transactions for the proposed market. It is advised that policy makers and stakeholders in the private equity industry draw the required framework for the development of a private equity secondary market. It would be beneficial for an increase in investor education to gradually aid the development of the private equity secondary market in Ghana.
Thesis submitted to the Department of Business Administration, Ashesi University College, in partial fulfillment of Bachelor of Science degree in Business Administration, April 2014
private equity secondary market, Ghana