Analysis
An industry still standing
Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...
China's PE boom
With M&A activity in China up an impressive 66% year-on-year in 2010, AVCJ drills down deeper to the drivers behind the deals, who’s buying what, and what it means for private equity
Even megafunds need to meet LP demands
After industry debate, Bain’s Asia Fund II may give investors options that focus on performance, not fees
MIVCC sees both side of Oz VC
The Melbourne International Venture Capital Conference (MIVCC) held on March 8 as a joint venture between AVCJ and the Victoria government, brought together venture firms from across Australia, domestic LPs and government representatives to explore the...
Deal making Down Under
The 8th Annual AVCJ Private Equity and Venture Forum in Sydney brought together optimists, skeptics, GPs, LPs and the industry that makes Austrasia a hotbed of private investment activity
Fundraising – a game changed
Whether investors are intensely focused on emerging markets, just more reticent to commit capital generally, or simply waiting for more economic certainty, there is no question that fundraising for Australian funds will continue to be difficult. In speaking...
Hoyts' IPO delay highlights industry anxiety
Australia experienced an especially difficult year for IPOs in 2010. News throughout the year of delays and abandoned listing plans were consistently attributed to inclement market conditions, while trade sales seemed the only exit option. Yet, despite...
NSR, IL&FS telco tower operators to merge
Private equity firm New Silk Route's (NSR) investee Ascend Telecom Infrastructure will merge its telecommunications tower business with India Telecom Infra Ltd. (ITIL) – which is 50%-owned by industry peer IL&FS – in an effort to shore up their resources...
Driving Asia's growth
With analysts, economists and private equity fund managers touting the opportunities for investment to capitalize on growth throughout the region, AVCJ takes a look at the macro-economic factors that are contributing to Asia’s development and expansion....
Australia's VC industry
Small relative to the buyout community, and in its nascent stages compared to powerhouses like the US, Australia’s venture capital industry is quietly growing, producing returns that LPs should be taking note of. In advance of the 2011 Melbourne International...
Opportunity knocks, but cautiously so
Twelve months ago, it was all sunshine and roses in Australia. The market has since rationalized and it seems GPs are still remarkably positive, while on the LP side, there are question marks around the market dynamics down under.
Super funds and private equity
Historically, Aussie superannuation funds have been fairly consistent in the way they manage private equity programs, which is also why talk about pulling back from the asset class is making waves.
The alternative perspective
Thanks to the global financial crisis, finding desirable special situation investments in Australia has been a less than arduous task. However, with economic conditions continuously improving down under, those closest to the asset class maintain that...
(In)famous in Australia: Tax
Foreign investors as LPs and GPs in the Australian private equity industry remain anxious the Australian Tax Office’s recent reversal of years of precedent with two taxation determinations relating to investments in Australian assets by foreign investors....
The heart of the RMB
With so many offshore investors now scrambling to launch RMB funds, the issues around the liberalization of the Chinese currency – which the US government is trying hard, with limited success to effect – longer term convertibility must be addressed.
The bear in China
As the recently released AVCJ 2011 China Report showcases, while private equity was back with a vengeance over the last 12 months – in fundraising, investments and exits – there are larger, macro issues on the horizon that may negatively impact short-term...
Miracle or mirage?
International strategic and SWF investment in the country is ramping up, though private equity’s engagement remains tentative. But some early movers say that is changing.
Brazil – battling for emerging Asia dollars?
ASIA HAS ALWAYS SEEN THE LION’S SHARE of emerging markets-dedicated dollars. Latin America has always lagged.
Real assets, real opportunity
THERE HAS BEEN NO SHORTAGE OF REAL estate opportunities in the post-financial crisis world, however deal values in Asia have dropped as a result of many global investors buying lower-priced assets at home. The same is true here in Asia, as well CB Richard...
ILPA polishes its private equity principles
New version incorporates more GP and LP input aimed at increasing focus, clarity and practicality on both sides of the private equity equation.
Squalls on the horizon
With the rising rate of Chinese inflation no longer a state secret, the gravity of the problem is clear. But, will the government’s moves be strong enough to curb the problem?
Silicon Valley is back as China motors on
Two years ago Silicon Valley was preoccupied with the financial crisis. From Q2 2008- 2009, there was one IPO. VCs were looking at projects in the alternative energy, cleantech and life sciences spaces. “Social networking” was a known but unappreciated...
Changing perceptions on Japanese private equity
There is no hiding from the fact that foreign institutional investors have developed a negative view on the current prospects for Japan’s private equity and venture capital industry, which in turn has made a significant impact domestic GPs’ abilities...
State of the Union(s)
Korea and Japan may have fallen off the radar over the past two years, but their governments are working to keep funds flowing in and opportunities front and center for private equity firms