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Laxman Pai, Opalesque Asia: Undeterred by global turbulence, Asia-Pacific private equity investment value grew to a record $296 billion in 2021, said a study.
According to a Bain & Co. report, the quick rebound resulted partly from rapid vaccination rollouts that helped Asia-Pacific economies recover during the first half of the year before the Omicron variant prompted renewed lockdowns and other precautions.
Each country in the region set new investment highs, and deal value in Japan, Southeast Asia, and South Korea more than doubled, said a report.
Investments in Greater China and India represented 43% and 20% of total deal value, respectively, but breaking with the pattern in previous years, India grew faster than China in 2021, increasing its share of the overall market.
Asia-Pacific's share of global assets under management (AUM) rose to 30% at the end of 2021. Over the past decade, AUM focused on this region grew 2.4 times faster than for North America and 3.0 times faster than for Europe (which Asia-Pacific passed for second place in 2018).
Investors' demand for Internet and technology companies was strong, as in years past. The Internet and tech sector contributed 48% of the total deal value.
Across the region, the number of unicorns-privately held start-ups with a value of $1 billion or more-rose to 277 in 2021, up 61% over the previous year. The pool of Asia-Pacific unicorns, which more than quadrupled in the past 5 years, now represents mo...................... To view our full article Click here
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