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Alternative Market Briefing

Sovereign wealth funds are the new sources of capital for Asian private equity industry

Wednesday, December 14, 2016

Komfie Manalo, Opalesque Asia:

Sovereign wealth funds have emerged as the biggest investors in the Asian private equity sector over the last decade, replacing traditional sources, said Hugh Dyus of Navis. He added that many of those funds are also based in the Asia Pacific region.

Speaking at the latest Opalesque 2016 Hong Kong Roundtable, Dyus said, "Traditionally, North American investors, ranging from institutions to foundations, endowments and family offices used to be the big backers of Asian private equity. That has substantially changed over the last decade."

Another major change he noticed is that fewer investors are writing bigger checks, which favors well-established managers and makes it more challenging for emerging managers.

Challenge of differentiation within same strategic space

Dyus explained that many fund managers are facing challenges about differentiation within the same strategic space. He said that if your strategy is very similar to that of other managers, it is very hard to differentiate yourself.

Within private equity, Dyus developed a new strategy designed to give investors exposure to the upside from investing in private equity without the disadvantages of traditional private equity structures, namely illiquidity and high fees. He added: "We are new and have an innovative strategy an......................

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