Performance
Lower valuations, less leverage could drive China PE returns - HKMA Forum
China private equity could deliver some strong vintages relative to other markets given falling valuations, a deepening pool of management talent, and a historical emphasis on driving returns through growth rather than leverage, industry participants...
Letter from the editor: AVCJ is moving to Mergermarket
Tim Burroughs, managing editor of AVCJ, outlines the next steps for the product and its subscribers as we migrate our content and enhance our offering via the next-generation Mergermarket platform
AVCJ daily bulletin returns October 24
AVCJ’s daily bulletin will not be published on October 23 due to a public holiday in Hong Kong.
AVCJ daily bulletin returns October 3
AVCJ's daily bulletin will not be published on October 2 due to the public holiday in Hong Kong.
China GP Tiantu Capital targets $253m Hong Kong IPO
Chinese consumer-focused venture capital firm Tiantu Capital has launched a Hong Kong IPO with a view to raising as much as HKD 1.9bn (USD 253m).
AVCJ Awards 2023 - nominations have closed
Nominations for the 2023 AVCJ Private Equity & Venture Capital Awards have now closed. Thanks to all who participated. Voting will open in about two weeks.
Valuation adjustments hit Temasek's returns
Singapore’s Temasek Holdings flagged the abrupt reversal of a two-year ramp-up in valuation gains on its global direct investments across technology, healthcare, and payments on posting its worst annual return since 2016.
AVCJ daily bulletin returns June 23
AVCJ’s daily bulletin will not be published on June 22 due to a public holiday in Hong Kong.
AVCJ daily bulletin returns May 29
AVCJ’s daily bulletin will not be published on May 26 due to a public holiday in Hong Kong.
Japan Post Bank sees sharp increase in PE exposure
Japan Post Bank’s (JPB) private equity funds exposure increased 75% to JPY 5.6trn (USD 40.4bn) in the most recent financial year, which it said was largely driven by a change in accounting standards.
AVCJ daily bulletin returns May 2
AVCJ’s daily bulletin will not be published on May 1 due to a public holiday in Hong Kong.
AVCJ daily bulletin returns April 11
AVCJ's daily bulletin is taking a short break for the Easter holiday. Publication will resume on April 11.
Asia GPs must get smarter on target selection, costs - Bain & Co
Careful target selection – based on geography and sector – and increased emphasis on cost controls during ownership will be critical factors for Asian private equity investors as the industry braces for a downturn, according to Bain & Company.
Global PE sees fundraising, performance contraction - McKinsey
Global private equity fundraising contracted 15% in 2022 as McKinsey & Company’s latest private markets annual review painted a bleak picture of the asset class, noting that one-year performance entered negative territory for the first time since 2008.
GPs double down on value creation to maintain returns - AVCJ Forum
Private equity investors must find more operational levers to pull as LPs seek the same if not higher returns from the asset class despite more challenging economic conditions.
Australian LPs get tough on unlisted valuations - AVCJ Forum
Australian LPs are facing more scrutiny as to how they value unlisted assets, prompting several superannuation funds to establish independent valuation teams that operate separately from private equity investment professionals.
Australia's Future Fund posts loss in 2022
Australia’s Future Fund posted a 3.7% loss for the 2022 calendar year amid rising inflation and volatility in public markets – with Peter Costello, the fund’s chairman, warning of further challenges to come.
AVCJ Awards 2022 special issue available for download
A special issue of AVCJ profiling the winners of the 2022 AVCJ Private Equity & Venture Capital Awards is now available for download.
AVCJ daily bulletin returns January 26
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on January 26.
AVCJ daily bulletin returns January 5
AVCJ's daily bulletin is taking a short break for the festive holiday season.
LP appetite for Asia weakens - survey
Institutional investor interest in Asia has fallen significantly over the past two years, according to a survey conducted by Probitas Partners, with pan-regional funds, venture capital, and single country-focused funds among the least popular strategies...
Asian family offices seek greater PE funds exposure - survey
More than half of family offices in Asia Pacific plan to increase their exposure to private equity funds next year, according to a survey conducted by Raffles Family Office and Campden Wealth.
AVCJ Awards 2022 - voting has closed
Voting for the 2022 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
AVCJ daily bulletin returns October 5
AVCJ's daily bulletin will not be published on October 4 due to the public holiday in Hong Kong marking the Chung Yeung Festival.