Entrepreneur Jeff Wang planned to start his company in Hong Kong in 2015, after obtaining a Ph.D. degree in mathematics from a prominent university in the U.K. The data expert wanted to use an analysis method called Topological Data Analysis, his Ph.D research topic, to help enterprises better analysis their data by visualizing it.
Beijing-based distressed asset manager DCL Investments, a spin-out from China-focused distressed debt firm Shoreline Capital, has raised over RMB3.7 billion (US$500 million) for its debut fund.
The proportion of sovereign wealth funds investing in real estate and infrastructure has grown steadily over recent years, with 62% of sovereign wealth funds allocating to both asset classes as of early 2016, according to a report issued by Preqin.
Global private equity firm Apollo Global Management is teaming up with the World Bank's investment arm IFC to launch a US$1 billion debt vehicle to invest in distressed debt in emerging markets.
Distressed debt fund managers focused on North America and Europe have seen their dry powder increase by US$9.1 billion to a total of US$55 billion at the end of 2015, the largest increase since 2010, says data released by industry tracker Preqin.
The global alternative assets fund managers hold a record US$7.4 trillion in combined assets under management (AUM) in 2015, up from US$6.9 billion in the prior year, according to a new report issued by research firm Preqin.
Around 80% of limited partners have seen their co-investments outperforming private equity funds, with 46% seeing their co-investments outperform by a margin of over 5%, according to a new survey conducted by industry research firm Preqin.
Around 74% of almost 200 private equity firms surveyed globally have made firm-wide increases in base salary from 2014 to 2015. The average increase in salary was 7%, with 14% of firms increasing base salaries by more than 10%, according to industry data tracker Preqin’s new compensation report.
There are 437 venture financing deals worth US$13 billion in Greater China during the third quarter, 88% higher than the last quarter in terms of deal value, according to numbers newly released by data tracker Preqin.
Hedge funds with assets-under-management of less than US$100 million posted the lowest returns and had the highest volatility compared to funds managing more assets, according to the results of a new study released by Preqin.
By Nina Xiang Unlike the dot-com bubble at the turn of the millennium, the current explosion of mobile apps – and the astronomical amount of venture money poured into it – are actually bringing real tangible perks to Chinese consumers. In the morning, users can book a private car via Didi Kuaidi's mobile app to go to the office while paying substantially less than a taxi using Didi Kuaidi's generous discount offerings.
Global venture capital investments set another record during the first quarter, up 50% year-on-year to reach US$27.4 billion from US$18.1 billion during the same period last year, according to data released by industry research firm Preqin. There has been a slight drop in the number of companies receiving venture capital investment globally, which decreased 6% to 1,701 from 1,817 during the previous quarter.
The Asia Pacific hedge fund industry has reached US$145 billion in aggregate assets-under-management at the end of 2014, up 30% from US$112 billion a year ago. Hedge funds based in the region have also outperformed global peers, returning 11.91% on an annualized basis over the past three years, compared to 8.88% for global hedge funds, according to a report by industry research firm, Preqin. Hong Kong, Singapore and Australia are the three big centers for the industry. Around 38% of funds are based in Hong Kong, 23% are based in Singapore, while 15% are based in Australia.
Hong Kong-based Asia Frontier Capital, Singapore-based LyGH Capital, and CITIC Securities International Fund Management Limited are among the top 20 performing hedge funds globally in 2014, according to industry data tracker Preqin. Long-biased AFC Asia Frontier Fund recorded net returns of 37.58% last year, while GH China Century Fund and CITIC China Alpha II Fund Limited, both employ a long-short equity strategy, returned 37.19% and 35.88%, respectively.
Although 2014 was the strongest year of private equity investments since the global financial crisis, the majority of private equity fund managers are looking to invest even more this year, potentially setting 2015 for another banner year in terms of private equity investments, according to a report by data tracker Preqin. After interviewing 260 private equity firms in November last year, Preqin found that 55% of managers say they would be investing a higher amount of capital in 2015 compared to 2014, while 35% suggest that they would be investing a similar amount as last year.
The global Alternative investment industry scores another record year in 2014, with total assets increasing US$690 billion to reach a total sector assets of US$6.91 trillion, according to data released by data tracker Preqin. The alternatives industry, which includes private equity, hedge fund, private debt, real estate and infrastructure fund managers, registered asset gains larger than 2013's US$648 billion increase.
Private equity funds in Asia received an aggregate US$42 billion through exits in 2014, 68% higher than that of 2013, despite the number of exit deals dropping 16% to 270 last year, according to data firm Preqin. Globally, private equity funds enjoyed a year of strong exit activities as stock markets rallied. A total of 1,604 exit deals with total deal value of US$428 billion were recorded in 2014, the highest ever aggregate exit value for the industry and up 30% compared to 2013.
China's venture capital industry drew a close to another strong year. In 2014, a total of 504 venture capital financing deals were announced in the Greater China region, up 15% from a year earlier. Total transaction value reached US$12.8 billion, up 212% compared to 2013, according to data tracker Preqin. Globally, a total of 7,474 venture capital financings were announced with an aggregate value of US$86.6 billion, an 11% fall in the number of financings compared to 2013, but a 58% rise in the aggregate value of deals.
Asia-focused private real estate funds raised US$4.2 billion in 2014 year-to-date, less than half of last year's US$10.4 billion. In comparison, global private real estate funds raised US$77 billion in 2014 year-to-date, just shy of the US$80bn raised during the same period in 2013, according to data released by research Preqin. Fundraising numbers are calculated based on funds that reach final closing during certain time periods.
During the three-years period until March 2014, venture capital funds globally have produced average returns of 12.7%, a significant improvement over the lackluster returns seen during the prior decade following the dot-com crash, according to figures released by data tracker Preqin. The second quarter of 2014 set a record in terms of capital invested in companies by venture capital firms, with a total of US$23 billion deployed by venture capital funds globally.