Everyone knows it's safe to invest in Singapore, Australia, Norway, the UK.
But how do PE companies screen out - say investments in Mongolia or Nepal or some unheard and shady places ? Rule of law screening - how is it done ?
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I think the general rule of thumb is PE firms in say the US don't touch those off-the-beaten-path countries unless it's a very large fund with the resources to create a specific fund for investments in a certain region or bring in advisors with expertise/background in that region.
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