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Alternative Market Briefing

ASEAN-focused buyout and growth funds collect $0.8bn till June 2019

Thursday, September 05, 2019

Laxman Pai, Opalesque Asia:

ASEAN-focused buyout and growth funds have together collected $0.8bn in 2019 so far (as of June), matching the total amount raised in all of 2018, Preqin said in its report: Markets in Focus: Southeast Asia.

"Given that we are at the mid-point of 2019, the full-year fundraising figure is likely to exceed 2018's total. That said, fundraising is down from its peak of $6.1bn in 2015," said the report.

As of June 2019, there are 19 ASEAN-focused buyout and growth funds in the market, collectively seeking $3.6bn in investor commitments.

Turning to deal activity in ASEAN markets, there have been 20 private equity-backed buyout deals worth an aggregate $0.4bn since the beginning of 2019.

Year-end figures are shaping up to be considerably lower than last year's $3.6bn in total deal value.

Comparing full-year data shows that the number of deals completed in ASEAN in 2018 (67) was just below the total in 2017 (68).

Total deal value was 3.8x higher in 2017 ($14bn) than in 2018 ($3.6bn), but this was largely due to a single deal.

Hopu Investment Management and Hillhouse Capital Management bid to acquire Singapore-based GLP, a global investment manager specializing in logistics and related technology investments with $64bn in AUM.

The public-to-private transaction was worth total cash value of SGD 16bn.

The total deal value in Indonesia is edging just ahead of Singapore's total so far in 2019, with $0.2bn in pri......................

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