Asia’s aspirational brands: It’s how you pick ‘em
Should we be surprised that L Capital, the private equity arm of luxury goods giant LVMH, thinks its Asia operations have the capacity to handle a $1 billion fund? Given the scale of consumer sector opportunities in the region, not really. But a more pertinent question is what kind of assets should private equity firms target in this area and how can they add value.
L Capital closed its most recent Asian fund in April of last year at $650 million. If the firm raises a new vehicle just as quickly - and most of the money will come from its parent - it would have more...
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