
Nominations for the 2014 AVCJ Awards have now closed
Nominations for the 14th AVCJ Private Equity & Venture Capital Awards have now closed.
The format of the awards is different to previous years. This change is intended to address the fact that Asia's private equity market is becoming deeper and more diversified in terms of asset class, deal size and structure, and geography - but without comprising on exclusivity and quality.
We were faced with a choice: expand horizontally, adding other country awards to our existing China and India offering; or expand the flagship Asian awards vertically, to include a wider variety of fundraising and investment categories. We have chosen the latter approach. It is our view that the industry is not yet ready for the full array of geographical awards; as it stands, certain sub-regional markets that lack sufficient depth. We will revisit this position in time.
There are no categories for different geographies, but categories that acknowledge the quality work done across the region by firms of different sizes. No more is the $400 million single-country growth fund pitted against the multi-billion-dollar pan-regional vehicle for Fundraising of the Year; there are separate categories for venture capital, mid cap (below $1 billion) and large cap (above $1 billion). We are taking the same approach for investments (venture capital; mid cap, below $100 million in enterprise value; large cap, above $100 million) and liquidity events (IPO; mid cap exit, below $200 million in enterprise value; large cap, above $200 million).
Two things will remain unchanged. First, the AVCJ Awards will be limited in number; there are no plans to offer prizes across 50 categories. This was also one of several factors considered in deciding against introducing categories for service providers. Second, the judging process will continue to reflect the combined views of the private equity and venture capital community, our panel of industry experts, and the AVCJ Editorial Board (in that order of precedence).
Nominations closed on October 3. They should relate to investment, exit and fundraising activity in the last 12 months, i.e. October 1, 2013 to September 30, 2014. The AVCJ Editorial Board will evaluate the entries and submit a long list in each category to a select panel of industry judges. The judges will consider these recommendations, and if necessary, review the original submission documents and propose alternative candidates. The final shortlists - no more than five per category - will then be drawn up.
The shortlists will be posted online for the entire private equity and venture capital community to vote on from October 13 until October 27. The AVCJ subscriber base has a 50% say in the final result, with the judges and the AVCJ Editorial Board each accounting for 25%. The winners will be announced at an invitation-only gala dinner in Hong Kong on November 10, preceding the AVCJ Forum, which runs from November 11 to November 13.
Nominations can be made via email (avcjawards@incisivemedia.com) or online. For more information on the process and requirements, and to make nominations online, please follow the instructions on the awards homepage. Details of past winners are also available.
The categories are as follows:
- Fundraising of the Year - Venture Capital
- Fundraising of the Year - Mid Cap
- Fundraising of the Year - Large Cap
- Deal of the Year - Venture Capital
- Deal of the Year - Mid Cap
- Deal of the Year - Large Cap
- Exit of the Year - IPO
- Exit of the Year - Mid Cap
- Exit of the Year - Large Cap
- Venture Capital Professional of the Year
- Private Equity Professional of the Year
- Operational Value Add Award
- Firm of the Year
- AVCJ Special Achievement Award
The Operational Value Add Award recognizes private equity-driven value creation in an Asia-based business. It is awarded at the discretion of the AVCJ Editorial Board and the expert judging panel, based on submissions from the private equity community.
Similarly, the AVCJ Special Achievement Award is presented at the discretion of the AVCJ Editorial Board, although suggestions from the private equity and venture capital community will be considered and valued. It recognizes an Asia-focused individual who has distinguished himself or herself in facilitating the growth of the PE and VC industry.
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