PRINT THIS PAGE Private equity: today America, tomorrow the world03/07/2002. Source: Invesco. Ray Maxwell 
 Private equity has enjoyed enormous growth in recent years with more and more investors recognising it as a worthwhile asset class. Ray Maxwell of Invesco examines how its growth is not unique to the US – a sign of the globalisation of the industry.
In 1945, the Bank of England and other major commercial banks formed ‘Investors in Industry' to help finance SMEs. That same group is now known as 3i, a global private equity firm with over £5.8bn under management. The industry has certainly come a long way since its humble beginnings.
Copyright © 2002 Invesco Asset Management
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Ray Maxwell is managing director of Invesco Asset Management
Invesco Asset Management has a long history of investing in both private equity and venture capital partnerships. Since its inception in 1982, its private capital team has committed approximately $2.3bn to over 250 partnerships and invested over $1bn in more than 290 direct transactions. For more information please visit www.invesco.com
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