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Emerging and pioneer markets are beginning to shine in the world of private equity. Among the BRIC countries, Brazil had a very strong year in 2012, while India and China fell back. However, other areas — from Africa to Latin America and so-called “pioneer markets” – recorded good performances last year. Knowledge@Wharton takes a closer look at how private equity will perform in 2013 in this podcast with Philip Bass, global private equity markets leader at EY, and Stephen Sammut, a lecturer at Wharton Entrepreneurial Programs and senior fellow at Wharton’s health care management department.