Analysis
Indian infrastructure: Bargain basement
Indian infrastructure has fallen out of favor with investors as the fallout from pre-2009 excesses lingers. However, new opportunities in old deals have some private equity players thinking twice about the sector
Indonesia mining: Swimming with sharks
Indonesia is resource rich and its mining sector is coveted by many foreign investors. But regulatory and legal uncertainty, plus concerns about local partners, is compelling them to sit on the sidelines
Southeast Asia oil and gas: Going solo
The relative scarcity of independent oil and gas exploration and production firms in Southeast Asia doesn’t reflect the region’s wealth of natural resources opportunities. Private equity firms are catching on
Ex Indonesia: Investing at SE Asia's edges
Indonesia is the poster child of Southeast Asian private equity but competition is intense and valuations are rising. What can investors expect from less-tapped markets such as Thailand, the Philippines and Vietnam?
Angels in Asia: Exporting Silicon Valley
Early-stage investors in the US are casting their eyes eastwards as they seek out new partnerships in Asia. But what can these angels offer the region’s start-up community?
Asia PE: Taking the temperature
AVCJ assembled a group of private equity industry leaders to share their views on the prospects for exits in Asia, changing expectations and approaches to China, and how to address LP interest in co-investment
Friend or foe? Chinese M&A in the US
Chinese companies are keen to acquire assets overseas and the US is a popular target. Success hinges on satisfying regulators, appeasing politicians and persuading sellers of their ability to execute transactions
Fund-of-funds: Bespoke solutions
Reports of the death of fund-of-funds in Asia are greatly exaggerated – but all industry participants are diversifying their product offerings to meet specific client demands. Is it still primarily a scale game?
India secondaries: Plan B?
India’s PE industry is expected to see an increase in secondary deals as funds approach maturity and GPs look for alternatives to difficult public market exits. But is the talking translating into transactions?
Shogun diplomacy: Corporate management in Japan
History shows that Japan's corporate elites rarely take kindly to private equity knocking down their door. How can the outside investor best woo potential partners?
Giant maintenance: PE and corporate Japan
Restructuring is a compelling story in Japanese private equity, but deal access is constrained by perception issues and government-linked competition. Will the there be anything left for foreign players?
Japan fundraising: Sink or swim?
Investor sentiment is gradually turning on Japan. The big buyout funds must convince LPs there is sufficient deal flow in their portion of the market; the smaller players must figure out how to talk to foreign LPs
Willing to travel: Japanese tech firms look overseas
Japanese technology companies are going overseas, through corporate venture capital investments, joint ventures or commitments to third-party managers, in search of new markets and innovations
Safety first: Investing in China's food supply chain
Driven by rising disposable incomes and lower confidence in food safety, Chinese consumers are willing to pay a premium for quality. PE firms have identified the opportunity, but taking it can be difficult
Portfolio: India Value Fund Advisors and Meru Cabs
When India Value Fund Advisors launched Meru Cabs in Mumbai, it created a radio taxi service where none existed. Meru has overcome numerous difficulties to become the largest taxi company of its kind in India
China e-commerce logistics: The missing link
China’s fragmented logistics industry is a problem for e-commerce companies as they attempt to provide customers with a better quality service. Should they build competencies in house? Should PE help them?
AIFMD: Brussels flexes it muscles
Europe’s Alternative Investment Fund Managers Directive (AIFMD), which comes into effect in July, will change the way private equity funds are marketed to EU investors. What does it means for Asian GPs?
A taste of Europe: Asian investor objectives
Asian LPs have become part of the landscape of European private equity, pursuing opportunities across buyouts, secondaries, credit and distress. But what do they really want from the region?
European infrastructure: Bubble at the core
Asian investors are drawn to the diversification and yields offered by European infrastructure, but certain segments of the market are overheating. Prices are getting bid up and returns are likely to be pushed down
Indonesia financial services: Too hot to handle
For all the foreign strategic interest in Indonesia’s financial services sector, most deals are thwarted due to a huge gap in price expectations. PE investors are steering clear of the mainstream and looking for niche value
Silver lining: Investing in Asia's elderly
An established investment trend in developed markets, private equity players in emerging Asia are considering how they can best meet the needs of the region’s aging population
Financial services in China: Carving a niche
With investment opportunities in China's traditional banking and insurance industries limited, private equity firms are looking to niche financial services. What have they found in the shadows?
Chinese PE regulation: Tug-of-war
The National Development and Reform Commission and China Securities Regulatory Commission have yet to resolve their dispute over private equity oversight. Uncertainty isn't helpful to industry participants
China GP differentiation: Plain vanilla no more
Independent funds have dominated Chinese private equity, but now princeling and affiliate funds have entered the market, offering their own competitive edge. GPs are realizing the merits of differentiation