Analysis
Deal drivers across Asia Pacific
As three-figure deals on both the entry and exit side – and in the case of some secondary transactions, both – start to rack up across the region, 2010 is already looking like a bustling year for Asia Pacific.
Coller EMPEA Survey: great expectations
THE LATEST EMPEA/COLLER Capital Emerging Markets Private Equity Survey, based on a poll of 151 institutional investors worldwide conducted by AVCJ Group’s sister organization IE Consulting, shows new levels of commitment and interest for emerging markets...
Asian fund T&Cs acceptable, finds Squadron
An independent survey by Hong Kong-headquartered private equity fund-of-funds manager Squadron Capital has found that terms and conditions of Asia Pacific private equity funds compare variably against US and European funds in terms of their compliance...
Dissecting the Asian infrastructure opportunity
If Asian infrastructure is one of the major upcoming global investment themes, China is its kingpin.
A 'taxing' situation in Japanese private equity
Japan's private equity market is broadly viewed as a domestic industry for local GPs and LPs, with the exception of a few well-known global buyout giants.
Japan's private equity market: The LP perspective
Japan's private equity investment space, currently shows a relatively busy domestically-supported mid-market alongside a patchy-to-moribund big buyout sector populated by major international firms.
Healthcare: The next China VC horizon?
Although it doesn't always register prominently on the radar, healthcare and related biotech actually accounts for 30% or more of all venture capital investment in the US.
Building a better Asia – public, private, partnerships and profits
The growing discrepancy between Asia’s phenomenal productivity growth and its slow progress in the roll-out of critical infrastructure threatens the region’s potential growth.
Real estate: blossoming in Japan?
Japan is now entering this year’s cherry blossom season, and people are feeling the lift after the long cold winter.
Carlyle closes CAP III at $2.55 billion
The Carlyle Group has announced the close of its Carlyle Asia Partners III buyout fund at $2.55 billion, over 40% larger than the preceding $1.8 billion Carlyle Asia Partners II fund, though still below the $4 billion target that CAP III launched with...
Investindustrial brings Euro mid-market to Shanghai
Investindustrial Group, a Milan-headquartered mid-market buyout firm with over $2.6 billion under management and offices in Spain, Luxembourg, the UK and Switzerland, has announced the opening of an Asia Pacific headquarters in Shanghai.
Mid-cap vs buyouts: may the best financing win
The year following the collapse of Lehman Brothers and the onset of the global financial crisis was not a good one for Japan.
New recruit Chang expands Colony beyond real estate
The recent engagement of Justin Chang by $39 billion real estate-focused group Colony Capital is one of the latest milestones in the firm’s move out of its traditional real estate focus into broader corporate private equity investment.
Bridging Asia's infrastructure bottleneck
Traditionally the Asian infrastructure mantra has been, ‘if you let them build it, they will come,’ the ‘they’ being international investors (largely OECD manufacturers) looking to establish industrial capacity across the region, primarily to capitalize...
CNEI closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund,CNEI Fund II, oversubscribed at $255 million, and just above its original $250 million target.
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Real estate: China boom or bubble?
The role of subprime real estate assets in the collapse of Lehman Brothers in the US and the snowball effect of the GFC may have implicated real estate and all its derivates as largely to blame; but in Asia, and especially China, property seems to have...
Wilshire woes
Dennis Tito, founder of Wilshire Associates, reportedly paid at least $12 million and possibly up to $20 million for an eight-day stay in orbit at the International Space Station and in transit, courtesy of MirCorp.
New Horizon closes Fund III
New Horizon Investment Advisors, the Beijing-headquartered growth capital GP set up in 2005 as a JV between Temasek Holdings and SBI Holdings, has closed its New Horizon Capital III fund at $750 million, Jianming Zou, a director at New Horizon, confirmed...
Japanese private equity: Mount Fuji rumbles?
Maya Ando, AVCJ Japan Editor, delivers an update from the Japan market
Hu move highlights Goldman's role
The news that Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is retiring from the star investment bank after only two years in his current role, reportedly with plans to launch his own private equity fund, underlines the...
Green investing: The other side of the summit
COP15 may not yet have forged a future-proof global greenhouse gas reduction regime; but some still see it as an important step forward – and promising opportunities are budding in the green sector, especially in Asia.
ADIA Review reveals views, not value
Leading Middle East SWF the Abu Dhabi Investment Authority (ADIA) has released its first ever Annual Review, of its operations for 2009, giving a clear view of its dispositions and its priorities as it takes a view on particular investment areas and asset...
Fundraising: Coming back slowly
AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.