Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

As Asian private equity heats up, investors may have to get creative

Thursday, May 23, 2019

Bailey McCann, Opalesque New York:

Investments in Asian private equity hit new highs in 2018, according to recent data from Bain & Company. With $883 billion in total assets under management, Asia-Pacific now represents 26% of the global PE market, up from only 9% just a decade ago. As GPs compete for deals against corporate players, increasingly they are winning. Private equity's share of the Asia-Pacific M&A market also rose 6 percentage points to 17% in 2018, from the previous five-year average of 11%.

These trends come as no surprise to delegates at the recent Opalesque Hong Kong Roundtable. They suggest that there is a long runway for investing in the region but in order to be successful, investors will have to get more creative.

"For someone looking to get exposure to Asian private equity in a conventional way, my own view is that they should focus on specific niche segments of the market," said Hugh Dyus, a Partner at Navis Capital Partners. "One area would be buyout managers who are disciplined in sticking to control investments. Another area would be early stage VC managers." Dyus adds that buyout and early stage VC managers don't carry some of the risks of growth capital managers which have raised megafunds in recent years and are facing increasingly steep competition for deals. Prices in the Asia-Pacific region remained high in 2018, according to Bain and......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1