Mon, Nov 18, 2019
Welcome Guest
Free Trial RSS
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

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opinion: Cliff Asness: It's 'time to sin'[more]

    From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about time we did some" - specifically when it com

  2. Investing: Hedge fund Whitebox places big bet on gunmaker Remington, Quant funds exit Japanese bonds in worst sell-off since 2013[more]

    Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox

  3. Tech: Investors race to tech start-ups despite SoftBank stumbles, Two Sigma launches risk management software[more]

    Investors race to tech start-ups despite SoftBank stumbles From FT: Investors are planning to pour billions more dollars into later stage tech start-ups, even as Japan's SoftBank reels from a succession of faltering bets. Stephen Schwarzman's Blackstone plans to raise between $3bn and $4b

  4. Regulatory: Carried interest tax rules slated for 2020, official says[more]

    From Bloomberg: The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year, a top Treasury official said. The regulations will likely bar money managers from using S corporations to take advantage of an exemption

  5. HarbourVest raises $3bn for Co-Investment Fund V[more]

    Laxman Pai, Opalesque Asia: Boston-based HarbourVest Partners closed its latest private equity fund above the fundraising target - the $3 billion HarbourVest Partners Co-Investment Fund V was oversubscribed and above its $2.5 billion target. The fund's strategy is to create a global, diversif