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Alternative Market Briefing

Greater China's PEVC assets under management cross $1.04tn equating to 61% of capital targeting Asia-Pacific

Friday, July 30, 2021

Laxman Pai, Opalesque Asia:

Greater China's private equity and venture capital (PEVC) has obtained critical mass, with more than 1.04tn USD assets under management (AUM) as of September 2020, equating to 61% of capital targeting the wider Asia-Pacific region, said a study.

Private investments, including PEVC, hedge funds, and secondaries, are all flourishing in China due to favorable reforms and an accommodating economic environment, according to the 'Preqin Alternative Assets in Asia-Pacific.

The study revealed that venture capital remains the dominant strategy in Greater China, accounting for 46% of total PEVC AUM based in the country as of September 2020. Venture capital exits climbed to $81bn in 2020, up from a recent low of $15bn in 2016.

With regards to China's hedge funds industry, monthly cumulative performance has steadily improved, although many hedge funds still struggle to implement sophisticated strategies outside of equity strategies. That said, according to investors surveyed by Preqin in November 2020, 57% stated that China presents the best opportunities for hedge funds among emerging markets, the highest percentage of all asset classes.

Greater China currently consists of 3,952 fund managers and 1,113 investors - both the largest of any Asia-Pacific region, it said.

According to the report, whilst the secondary private equity market in China is still niche, secondary transactions have risen in recent years with a record number of funds cl......................

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