Analysis
Private equity goes to the movies
The economic argument for co-producing films with Chinese partners is compelling, but does the private equity industry have enough local and Hollywood savvy to take advantage of it?
Foreign RMB funds suffer from LP access troubles
With state-backed firms hesitant to commit and wealthy individuals unreliable, overseas private equity firms face a long slog to raise their renminbi funds
Frontier markets: Investing around Asia's edges
Private equity deal flow in Mongolia, Cambodia and Laos has gone from zero to a steady trickle. When can the region’s frontier markets turn this potential into real momentum?
PE financing: Lagging leverage
Spooked by wider economic issues, European banks are pulling back from the leveraged buyout market. This presents a further challenge to private equity firms already adjusting to tighter financing conditions
Ownership issues trouble state-backed PE firms
Chinese private equity firms that count government-related entities among their shareholders face uncertainty over their financial obligations to the state
Political risk tempers LP appetite for Southeast Asia
Insurgent groups and corrupt governments are every investor’s worst nightmare. For those private equity firms operating in the Philippines and Indonesia, they’re also a reality.
Unitas takes a bite out of Babela's
Everyone loves pizza and chicken wings, and none more so than Unitas Capital. The regional buyout firm, which paid $40 million for a majority stake in Chinese restaurant chain Babela’s last week, plans to kick off its list of operational improvements...
Indian realty valuations to take a hit
The time is ripe for an exit for private equity funds focused on Indian real estate. But can investors keep up the pace without affecting returns?
Asian fund-of-funds: In the balance
Do Asian fund-of-funds have the scale and selling points to survive in an increasingly complex and competitive market?
Hony's bumper raise sparks concerns about China fund sizes
How much is too much? Hony Capital set the benchmark for the string of large China-focused funds expected to launch in the next year or so as it closed its fifth vehicle at $2.4 billion. Hony Capital Fund V took barely four months to complete its fundraising,...
China targets illicit PE fundraising
Horror stories of individual investors being talked into committing capital to suspect private equity funds have prompted regulatory intervention in China. But progress is slow and the road is long.
IPO woes: Looking for an exit
With the public markets all but closed for IPOs, what other exit routes are available to investors?
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
China infrastructure: PE to the rescue?
The era of easy credit in China is over, leaving companies without the means to service debts tied to infrastructure projects. Foreign PE investors are looking for ways to capitalize on the opportunity.
India Awards: Legal Advisor of the Year – Khaitan & Co
An effective legal advisor needs TO be on top of the latest regulatory developments. In India this is perhaps easier said than done. In the past six months, various regulators have move forwards then backwards on put and call options, taken PE firms to...
India Awards: PE Deal of the Year – Hero Honda Motors
India sees few big-ticket private equity deals outside the infrastructure space. Securing a stake in a leading player in the automotive sector is even rarer. Bain Capital is therefore all too aware that its investment in Hero Honda Motors in March isn’t...
India Awards: Fundraising of the Year – Everstone Capital
For all the concerns raised about the prospects for Indian fundraising in 2012, fund managers with strong track records – whether spin-outs, franchise reboots or longstanding players – should still be able to attract capital. This notion holds up when...
Fund concessions: A tailored fit
The fees debate might not have arrived in Asia, but a string of other LP demands has. Fund managers must manage their investors as carefully as their investments
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
Australian supers drive secondaries
The Australian superannuation funds’ ongoing move away from private equity has undoubtedly been a drawback for primary fund managers. But what of the impact on the Asian secondaries market?
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.
VC Professional of the Year – Sandeep Singhal
Sandeep Singhal, co-founder of Nexus Venture Partners, discusses job satisfaction, the secrets of his venture firm’s success and the outlook for India’s early-stage sector.