This book assesses 35 critical country-specific success factors of Private Equity Firms by a regional comparison of the emerging regions of Central and Eastern Europe and the Commonwealth of Independent States. The research tests the assumptions of country-specific success factors in the context of the Private Equity industry in emerging markets based on the different market development, experiences, political and legal environment, different historical and cultural development, different leadership behavior, different entrepreneurial culture and the European Union accession of most of the countries in the Central and Eastern European region. This book documents eight substantial country-specific differences of Private Equity Firms in managing portfolio companies in emerging regions, for instance Private Equity Market"s Attractiveness, Portfolio Companies" Cash Flow, Management, Finance Structure, Country Risk, Legal and Political Environment. The conclusion is that the investment region is from the point of view of the market participants of predominantly neglectable importance for the expected Private Equity Firms" success.