In this episode of China Money Podcast, guest Gabriel Yap, executive chairman of GCP Global, discuss: – Total assets of China’s venture capital industry up 50% last year: Where can investors find attractive returns? – Shenzhen Stock Exchange to launch an ETF for its growth enterprise board: Other new products to follow? – KKR to invest in water treatment firm United Environtech: A fantastic deal, or is it? – China’s Ministry of Finance to issue RMB 20 billion dim sum …
In this episode of China Money Podcast, guest Ludvig Nilsson, co-founder and managing director at Jade Invest, discusses the challenges facing China’s private equity industry and where he sees attractive investment opportunities. Listen to the podcast, watch the shortened video or read an excerpt: Q: Last year, you described China’s private equity industry as a hyped market with strong fundamentals. Have you changed your opinion? A: Not really, I think the hype is still on. The inflows of new capital into …
In this episode of China Money Podcast, guest Bob Partridge, managing partner of transaction advisory services at Ernest & Young, explains why it is a good time for overseas institutional investors to invest in China’s private equity right now, and what is in store for the industry next year. Listen to the full-interview in the audio podcast, watch the shortened video version, or read a transcript summary.
In this episode of China Money Podcast, Dalton Investments‘ Shanghai-based portfolio manager, Tony Hsu, explains to our host, Nina Xiang, how to execute the playbook of Warren Buffett in China, the reasons why Dalton’s Asian equity strategy has consistently beat the market and his outlook for the markets in 2013. Listen to the full interview in the audio podcast, or read an excerpt below. Q: First, give us a brief introduction of Dalton Investments and Dalton’s Asian equity strategy? A: …
Beijing-based private equity and venture capital firm, Keys Fund, says it has formed a strategic cooperation with Lombard Global, a Plano, Texas-headquartered investment banking and management consulting firm. Founded in 2011, Keys fund focuses on investing in early and expansion stage companies in the healthcare, new material, advanced equipment, TMT (technology, media, telecommunications) and green energy sectors.
The general manager of the fifth largest Chinese asset manager, Bosera Asset Management, He Bao, has resigned, the company announced in a statement. The Shenzhen-based company has appointed managing director Yang Kun as interim general manager.
Credit China, Chow Tai Fook Nominee Limited, and VMS Investment Group Limited have entered into a non-binding agreement to cooperate in a joint-venture investment fund. The fund, called Chongqing Run Ke Equity Investment Fund Partnership, is a private, closed-ended RMB qualified foreign limited partnership (RQFLP).
The author is private equity research firm Preqin Despite demonstrating concerns surrounding recent regulatory changes, the vast majority of the US$5.5 trillion alternative asset investors do not anticipate making any changes to their alternative asset allocations based on new regulations.
Century Bridge Capital has invested US$32.8 million in a joint venture with Zhejiang Headway Real Estate for the development of a middle-income, residential project in Hangzhou, China, according to a company announcement.
As the Asian private equity market matures, it is increasingly mirroring the diversity of fund strategies seen in North America and Europe.
The current dry powder of the private equity industry has reached US$1,067 billion globally as of 17 December 2013, slightly exceeding the previous record high before the global financial crisis in 2008, according to data released by private equity research firm Preqin.
The author is Paris-based online private equity exchange Triago founder, Antoine Dréan With less than two weeks left in the year, investors in 2013 have received annual distributions amounting to some 12% of all the capital committed to private equity funds. That is significantly higher than the 8% this year and means US$120 billion in net cash is pouring into limited partner (LP) coffers.
New York Stock Exchange-listed China Hydroelectric Corporation says that it has entered into a definitive agreement with private equity firm NewQuest Capital Partners to take the company private.
Beijing-based alternative investment firm CDH Investments is likely to close its fifth fund at US$2.5 billion in the next few weeks, according to media reports. The final tally is US$500 million over its fundraising target of US$2 billion for the firm’s latest vehicle, CDH Fund V L.P. Lately, CDH Investments has backed Chinese tech companies including personal finance bookkeeping and management app maker Wacai and movie ticket booking site Gewara.com, as well as consumer oriented firms China Modern Dairy and …
Global alternative investment industry is now overseeing a record US$6.16 trillion in assets under management, of which US$600 billion were added during the year of 2013, according to data released by research firm Preqin.
Boston-based investment management firm State Street Corporation says it will open a new office in Shanghai under its Alternative Investment Solutions (AIS) business, which focuses on real estate and private equity, according to a company announcement.
German mass media company Bertelsmann says its Bertelsmann Asia Investments fund has completed two exits in China, receiving a total of US$71 million in proceeds, according to a company announcement.
Chinese private equity firm Tiantu Capital has invested RMB50 million ($8.25 million) in Qinghai Xiaoxiniu Biological Dairy Industry Co. Ltd., according to a company announcement.
Investors should continue to grow their private equity investments in Asia as market conditions are better now than the past few years for the asset class, says Altius Associates in its annual survey.
Shanghai-based private equity firm ClearVue Partners says it has raised a total of US$262 million for its maiden fund, exceeding its target of US$200 million, according to a company announcement.
The California Public Employees’ Retirement System (CalPERS) says that it will allocate an additional US$200 million to its emerging manager program in its private equity portfolio, according to an announcement.
The global private equity industry has had the strongest start to a year in fundraising since the global financial crisis of 2008. A total of 174 private equity funds reached a final close during the first quarter, raising an aggregate US$95 billion. It is the largest amount raised since US$173 billion was collected by the 308 private equity funds during the first quarter of 2008, according to a new report released by research firm Preqin.
Global private equity firm Blackstone Group‘s head of international private equity, Hong Kong-based Michael Chae, will return to New York in June, according to media reports.
Beijing-based Chinese Internet-based recruitment service provider Liepin.com says that it has completed US$70 million series C financing led by Warburg Pincus and Matrix Partners China, according to a company announcement.
New York Stock Exchange-listed IMAX Corporation and Chinese consumer electronics company TCL Corporation says the two parties have established a joint-venture partnership with Chinese digital TV and new media firm Wasu Digital TV Media Group to cooperate on content delivery and other areas, according to a company announcement.
So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …
The author is Nina Xiang, editor of China Money Network If you happen to be a public stockholder of NASDAQ-listed Chindex International, Inc., enjoy it while you watch the world’s two biggest private equity firms fight for your shares.
NASDAQ-listed Chinese high-end hospital operator Chindex International, Inc. says that it has entered into an amended merger agreement with TPG Capital, Shanghai Fosun Pharmaceutical and the company’s CEO Roberta Lipson to take the company private for US$24 per share in cash, according to a company announcement.
China Orient Asset Management Corporation, one of the four bad debt banks in China, plans to launch a US$1 billion joint venture fund to invest in distressed real estate assets in China.
The Schwarzman Scholars program says it has raised US$275 million one year after the announcement of the program, and it is increasing its fundraising target to US$350 million from its previous goal of US$300 million, according to an announcement.
Shanghai-based Chinese private equity firm ClearVue Partners says it has led a US$10 million financing round for China-based Japanese restaurant operator Akasakatei, according to an announcement of ClearVue.