
Nominations open for the 2012 AVCJ Awards
Will it be Hony Capital Fund V, which closed at $2.4 billion in January 2012, becoming China’s largest US dollar-denominated vehicle in four years? The Chinese GP spent barely four months in the market, exceeding its previous vehicle by more than $1 billion. It represents an ambitious bet on opportunities expected to arise from outbound M&A and state-owned enterprise restructuring, but investors clearly have faith.
Will it be ChrysCapital VI, the India growth capital-focused GP's $510 million vehicle? The fund took less than six months to raise and is something of an anomaly in emerging Asia: it is little more than half the size of its predecessor, which was itself scaled back by about one quarter to $960 million. The fact that the vehicle was oversubscribed suggests ChrysCapital convincingly communicated its investment thesis.
Will it be Archer Capital Fund 5, a A$1.2 billion ($1.2 billion) fund raised in less than four months towards the end of 2011 that targets Australian mid-market buyouts? The preceding period was an IR man's dream, with a string of investments and exits. It is evidence that, despite a difficult fundraising environment, GPs with a consistent approach and a strong track record will continue to attract capital.
Three funds, each representing a different geography and set of opportunities - and yet each is a prospective candidate for the Fundraising of the Year prize at the 2012 AVCJ Asian Private Equity & Venture Capital Awards. At present, they are nothing more than prospective. Whether these funds overcome the competition and make it onto the final shortlist - or indeed scoop the award itself - is largely down to you, the Asian private equity community.
On behalf of the AVCJ Editorial Board, I am pleased to announce that nominations for the 2012 Awards are now open. Once again, we are asking all AVCJ readers and many others in the industry to put forward candidates to be considered for the nomination shortlist. The categories are as follows:
- Firm of the Year
- Private Equity Professional of the Year
- Venture Capital Professional of the Year
- Private Equity Deal of the Year
- Venture Capital Deal of the Year
- Private Equity Exit of the Year
- Fundraising of the Year
- AVCJ Special Achievement Award
Nominations can be made via email (avcjawards@incisivemedia.com) and will be accepted until September 30. 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 - five per category - will then be drawn up.
The shortlists will be posted online for the entire AVCJ.com user base to vote on from October 17 until October 30. No more than 10 votes will be accepted from employees of a nominated firm. 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 13, preceding the AVCJ Forum, which runs from November 14 to November 16.
For further details on the requirements in each category and a list of past winners, go to www.avcjforum.com/awards.
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