Analysis
GP/LP Faceoff: Investing Indonesia
AVCJ spoke to four prominent GPs and LPs to ascertain their real thoughts on investments into Indonesia.
Australian M&A: Sweet deals Down Under?
For all of Australia's bedrock macro-economic strength – the envy of most in the developed world – the country’s M&A market has not been having a great year – so far at least.
Indonesia Case Study: Astra International
Astra International today is a $25 billion diversified conglomerate, and the star performer of the Indonesia Stock Exchange.
Country Risk Check: Indonesia
With GPs and LPs gung-ho for Indonesia while memories of post-1997 chaos there still linger, the market needs a risk check to assess the actual degrees of uncertainty in the country: whether dangers of another Asian financial crisis-style national collapse,...
Indonesia: Out of the shadows as a private equity investment goal?
Common impressions of Indonesia are frequently a mixture of clichés drawn from The Year of Living Dangerously, memories of the 1998 riots, and the Bali bombing.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China M&A: Leaps and bounds
Chinese M&A activity isn’t just recovering post-GFC.
Funds of funds build LP returns
Asia Pacific has always possessed the kind of environment that in theory is well tailored for the fund of funds model.
IFDA launches in New Delhi for Indian infrastructure
The Infrastructure Finance & Development Asia India Summit 2010 opened for its inaugural conference at the Shangri-La Eros Hotel in New Delhi last week, under the umbrella theme, “Setting Priorities and Mapping Goals for India’s Second Decade of Infrastructure.”...
China onwards ever upwards
The latest news on plans by the PRC insurance regulator, the China Insurance Regulatory Commission (CIRC), to clear the way for the country’s insurers to invest up to RMB122 billion ($33.2 billion) into private equity and direct investments appears to...
Wish you were here…
European nations may have deep historical ties with the Asia Pacific region, dating as far back as Marco Polo and Vasco da Gama, but European GPs have largely been late entrants to the region. European LPs, especially those with development capital mandates,...
Funding Asian infrastructure: The ancillary factors
With infrastructure funds still evolving in terms of their structure, and more and more shifting focus to Asia, participants in the sector are reporting a shift from the original dividend yield story as the focal point to much more of a capital appreciation...
Back to School
Investment into Asia Pacific's education sector, at a glance, appears to be a promising play. Key emerging markets’ GDPs are on the rise, as are levels of disposable household income and consequently a willingness to invest in education. Many of these...
New regulations in Europe: the perils of painting with a broad brush
While new alternative asset regulation in the US is more or less a done deal, the European attempt to accomplish the same remains stalled.
India: What to build and where to build it
India's infrastructure opportunity is often cited as one of the great investment horizons: an immense nationwide infrastructure gap that could be bridged through yield-generating investments to accomplish an unimpeachable social and developmental purpose....
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...
Foods and agriculture – the next big theme?
A series of recent deals, such as the Carlyle Group’s $190 million investment in Singapore-listed industrial fishing company China Fishery Group, and the a $600 million pre-IPO investment led by Capital International and the Blackstone Group into Dili...
New private equity regulation: industry crisis averted, or postponed?
For many months now, the private equity segment in the US – whose rules and norms still set the terms for industry practice in Asia Pacific as elsewhere – has been beset by creeping insecurity.
The dynamics of secondaries
The coverage of the state of the Asia Pacific secondaries market earlier this month in AVCJ naturally leads one to consideration of how secondaries work, and what they can do for investors in the region – whether for local buyers or sellers, or outsiders...
"End of an era" for China
China's release of its official GDP growth figures for 2Q10 last week showed the economy heading for the soft landing sought by policymakers, with National Bureau of Statistics estimates citing 10.3% growth, down from 11.9% the previous quarter, and giving...
Entertainment and media is where it's at
According to PricewaterhouseCooper’s Global Entertainment & Media Outlook, following a depressed 2009, during which E&M spend fell 5.4% from 2008, the industry is experiencing a 5% compounded annual growth spurt with the extended forecast period to 2014...
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.