China’s Venture Market Touches New Lows In October

China’s venture capital and private equity markets cooled further in October, with 197 deals and US$2.3 billion in total deal value recorded in the month, reaching a new low in nearly one year, according to data from ChinaVenture.

There were 148 venture deals inked with US$1.6 billion in total deal value, down 24% and 53% month-on-month, respectively.

For private equity transactions, 49 deals and US$733 million in aggregate deal value were registered last month, down 23% and 85% month-on-month, respectively.

Number of Deals and Aggregate Venture Deal Value In October

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Number of Deals and Aggregate Private Equity Deal Value In October

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(Lines are deal numbers and bars are aggregate deal value)

In terms of fundraising, 31 funds were launched while 46 funds completed final closings with US$6.33 billion in aggregate capital commitments, down from a year ago and from the prior month.

Growth capital funds continue to dominate, with 14 vehicles launched in October with a combined targeted fundraising total of US$2.5 billion. Buyout funds came in next, with eight vehicles launched hoping to raise US$2.39 billion in total.

Number of Private Equity/Venture Funds Raising Capital In October

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(Red bars are news funds launching fundraising, yellow bars are funds that have reached closings)

Fundraising Targets of Private Equity/Venture Funds In October

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(Red bars are targeted fundraising size, yellow bars are completed fundraising total)

 

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