Economy
Macro and diversity: All hands on deck
As women participate in economies across Asia in larger numbers, investors must consider how this impacts their target markets. Gender-balanced portfolios will no longer be a nice-to-have
Q&A: Adamantem Capital's Anthony Kerwick
Anthony Kerwick, co-founder of Australian mid-market GP Adamantem Capital, discusses the challenges of setting up a new firm, the importance of future-proof investments, and Australia’s growing overseas angle
Southeast Asia PE: Integration angst
Slow progress in the effort to improve Southeast Asia’s multilateral economic cooperation reveals deep rooted challenges for investors, including cultural and regulatory barriers
China-US decoupling: Silicon curtain
Evidence is mounting that US and Chinese ecosystems for advanced technologies are careening toward an antagonistic decoupling. Investors are philosophical and pragmatic
Trade war to trigger manufacturing revolution - M&A Forum
China-US trade tensions will drive a second wave in the One Belt One Road Initiative (OBOR) as Chinese companies relocate lower-end manufacturing to new markets, according to Victor Fung, group chairman of Fung Group, a Hong Kong multinational with interests...
Revitalizing Japan's conglomerates: Big ticket
Japan’s manufacturing conglomerates are continuing to define the economy as they either adapt or succumb to new technology trends. The process is adding a new ripple to the local carve-out market
China-US tensions hinder PE fundraising, redraw investment options
Trade tensions between China and the US have held back private equity fundraising in recent months, but industry participants are also considering the long-term challenges – and opportunities – of a schism between the world’s two largest economies.
Vietnam PE: Proving ground
Global investors are demonstrating a more consistent sense of confidence in Vietnam as record levels of IPO and private equity activity suggest the country has largely dispelled a reputation for volatility
China-US tensions: Foggy flashpoints
Rhetoric shaping the debate over China's ambitions to become the prime mover in global technology - and what the US could do in response - reflects the geopolitical significance of the issue. Private equity investors are not immune to its impact
Testing China: Openings in a downturn?
With the health of China's economy deteriorating, private equity investors have every reason to expect to see plenty of opportunities to deploy capital in 2019
India macro: Steady as she goes
India’s economy is expected to remain stable in the face of global volatility, but trouble spots remain. Investors must structure their portfolios carefully to ensure they are not caught off guard by sudden shocks
Korea macro: Tempered tiger
Korea’s economic momentum has simmered down as demographic, political and industrial evolutions suggest a structural decline. Investors are monitoring the transition with a conditional sense of optimism
Trending China: On technology, trade and millennials
A few China-related observations, largely influenced by AVCJ’s recent special issue on how PE is responding to technology, a white paper released by Henry McVey, KKR’s head of global macro and asset allocation, and Sino-US trade rumblings
China-US trade: Balance of power
A long-smoldering trade dispute between the US and China has begun to reverberate globally across a range of sectors. Private equity must not ignore the potential impacts
Vietnam: Growth agenda
Comparisons with the dynamics in China a decade ago are often used to illustrate Vietnam's potential. The country may replicate some of its larger neighbor's success, but patience and reform remain paramount
Demonetization drives surge in Indian fintech investment
India’s demonetization policy has been the principal driver for a surge in financial technology investment in the country, according to research by Accenture and CB Insights.
India demonetization: After the storm
In the aftermath of India’s demonetization policy, the direst predictions have failed to materialize. But the experience has also shown how little power PE firms have in some situations
The gathering storm: Preparing portfolio companies for a downturn
As warning signals of a global economic downturn become increasingly convincing, private equity portfolio companies are likely to come under pressure. Investors are advised to prepare carefully
Indonesia private equity: Green shoots?
While Indonesia’s VC industry is taking off, private equity firms have found the last few years challenging due to economic headwinds. GPs are now feeling most positive, thanks in part to government policy
China: Volatile elements
Past experience suggests that volatility can mean opportunity for private equity investors in China
China-Taiwan M&A: Strait deals
For the past six years, capital has flowed relatively freely from Taiwan to China while deals going in the opposite direction have faced close regulatory scrutiny. Can wider economic realities redress the balance?
Changing China: Economics and private equity
The phrase "new normal" has been used so frequently with regard to China’s economy in recent years that one wonders when it might reach its sell-by date.
Indonesia reforms: The waiting game
Indonesia’s new president is still carrying goodwill from the investment community and has made some reassuring moves. Now investors are waiting to see if the new direction will pay off
Clarity calls: The PE take on India's budget
The first full budget by Prime Minister Narendra Modi’s government was one of the most eagerly anticipated events for Indian private equity since last year’s election. Did it live up to the hype?