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Emerging Asia

Please find below a sampling of some of the latest EMPEA statistics, programs and content covering information on Emerging Asia. For a more comprehensive listing, please search "Asia" and customizable criteria in Advanced SearchScroll down for additional data and resources.


Data Download on Emerging Asia

A Presentation by Robert van Zwieten, President and CEO, EMPEA 
AVCJ 9th Annual Private Equity & Venture Forum USA 2014 | 8 July 2014

On 8 July 2014, EMPEA's President and CEO Robert van Zwieten presented EMPEA's proprietary Emerging Asia fundraising and investment statistics to more than 150 Asia and North America private equity professionals at AVCJ's 9th Annual Private Equity & Venture Forum USA 2014 in New York. The one-day forum centered on the theme of why Asia matters and panels discussed what makes Asia so appealing for foreign investors today. View presentation »


 

Featured Survey

EMPEA's 2014 Global Limited Partners Survey

According to EMPEA's most recent Global Limited Partners Survey, Southeast Asia is poised to see the greatest influx of new investors over the next two years. For the second year in a row, survey respondents identified the region as the second most attractive region for GP investment over the next twelve months, behind Latin America (ex. Brazil). LPs are most bullish on PE funds focused on China for 2013-vintage vehicles with 61% of respondents expecting net returns of 16% or more. Source: EMPEA, 2014.

Featured Interview 

Inside Perspectives: An Interview with Yichen Zhang of CITIC Capital

Yichen Zhang is the Chairman and Chief Executive Officer of CITIC Capital, an alternative investment management and advisory company with over US$4.5 billion of assets under management across private equity, venture capital and real estate. Yichen Zhang reflects on the history of private equity in China and shares his perspectives on what he sees as some of the biggest challenges and opportunities facing the industry. 

Source: EMPEA, 2014.


 

Emerging Asia Fundraising and Investment Statistics

 

Source: EMPEA
  Fundraising (US$m) Investment (US$m)

Q1 2014

4,011

4,426

2013

27,404

17,403

2012

28,023

15,406

2011

29,942

19,315

2010

17,310

15,926

2009

15,956

14,392

2008

38,676

19,934

 


 

Additional Resources

The State of Indian Private Equity: An Interview with Srinivas Chidambaram of Jacob Ballas Capital
Srinivas Chidambaram is the Managing Director and Chief Executive Officer of Jacob Ballas Capital India, an India-focused growth capital private equity firm with over US$600 million in assets under management. Srinivas Chidambaram reflects on the maturation of private equity in India and shares his thoughts on how the country’s much-anticipated general elections will influence the industry. Source: EMPEA 2014. 

Pre-empting Fraud: Understanding the mindset of the Chinese entrepreneur
Although China remains an attractive destination for private equity investors, it has gained a reputation as a market where contracts are often treated more like vague notions than bona fide agreements. Kroll commissioned the Economist Intelligence Unit to carry out the Annual Global Fraud Survey, which found that fraud continues to be pervasive in China, with 67% of senior executives based in China reporting they were affected by fraud in 2012 – 2013. The study also found the average percentage of revenue lost to fraud across industries in China rose 50% from 0.8% in 2011-2012 to 1.2% in 2012-2013. Source: EMPEA 2014.

Keynote Address: Robert W. van Zwieten, EMPEA - CAPE Conference 2013, Beijing
EMPEA President and CEO, Robert W. van Zwieten addressed the annual CAPE Conference in Beijing on 1 December 2013. In his keynote address, Mr. van Zwieten discussed the current state of the Chinese market and institutional investor sentiment, the critical importance of private equity to the country's economy, and the current state of the Chinese regulatory and tax landscape. Source: EMPEA, 2013.

India Regulatory Update
The Indian economy has been famously dubbed the elephant economy. Lately, the fabled elephant has unfortunately been bogged down by shackles. Criticism from the investor community suggests that India’s legal and regulatory systems have not kept pace with business and the requirements of an increasingly globalized economy. In response, the Government has recently taken significant steps to seek to remedy this situation. These recent developments should help in building investor confidence and are discussed in greater detail inside. Source: EMPEA, 2014.

Inside Perspectives: An Interview with Khalid Quadir of Brummer & Partners (Bangladesh)
Khalid Quadir is Chief Executive Officer and Founding Partner of Brummer & Partners (Bangladesh), which manages the Bangladesh-focused Frontier Fund. Khalid makes the case for investing in Bangladesh via private equity and highlights some of the unique challenges to being a first mover in this market. Brummer & Partners AB is a leading hedge fund group based in Sweden with US$15 billion in global assets under management. Source: EMPEA 2013.

Inside Perspectives: An Interview with Archana Hingorani of IL&FS
Archana Hingorani, Chief Executive Officer and Executive Director of IL&FS Investment Managers, shares her perspectives on the key challenges currently facing the private equity industry in India and offers guidance on strategies for success in this new investment climate. IL&FS Investment Managers Limited (IIML) is one of the oldest and largest private equity fund managers in India, with over US$3.2 billion in assets under management.  Source: EMPEA 2013.

Identifying and Mitigating Risks in Southeast Asian Investments
With U.S. GDP growth projected at a sluggish 2% for 2013 and the Eurozone struggling to gain growth at all, it is no wonder that developing Asian markets are attracting so much investor interest. In fact, while China is projected to achieve 8% growth next year, Southeast Asia is expected to post GDP growth of 7%. Join EMPEA and Kroll Advisory Solutions for a Professional Development Webcast exploring the nuances of four Southeast Asian countries: Indonesia, Thailand, Vietnam and Myanmar.

Investment Adviser Regulations: A New Regime in India
On the 21 January 2013, the Securities and Exchange Board of India (“SEBI”) released the final SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”). Investment advisers were previously unregulated in India. With the enactment of the IA Regulations, SEBI has finally sought to plug this gap. Source: AZB & Partners, 2013

Asian LP Sentiment Toward Private Equity
In the current economic environment, competition for capital is fierce and GPs must increasingly look for new funding sources to complement their traditional investor base. This report takes another step toward providing a greater understanding of the pools of capital outside of North America and Western Europe that may potentially be available for EM PE investment. Source: EMPEA 2012

Impact Case Study: KPR Mill Limited (India)
In 2006, KPR’s leadership had ambitious plans for expanding the 22-year old company, but knew they would need to look beyond internally generated funds and debt financing to achieve their goals. After learning of the private equity model as a viable alternative to an IPO, KPR partnered with Blue River Capital, a Mumbai-based private equity firm that was actively looking for investments in India’s textiles sector.

Impact Case Study: United Envirotech Limited (UEL)
Founded in 2001 to help meet China’s water needs, UEL grew over the next decade to become a market leader in China’s wastewater industry. Despite its success, UEL saw the need for new financing and a new managerial platform to maintain its high level of growth, and it turned to global investment firm KKR for help. Through the partnership, KKR helped to accelerate UEL’s growth rate, secure the long-term debt financing necessary to support its expansion, and build a managerial platform for rapid growth.

Alternative Investment Funds Regulation in India: A Changed Regulatory Landscape
The notification of the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) on May 21, 2012, marked a watershed moment for the Indian private capital industry. A story that began in the mid 1980’s by Indian financial institutions like ICICI and IFCI has now culminated into a 200–300 fund-strong industry. The provision of a comprehensive, robust regulatory framework is a natural consequence for an industry that has grown admirably, and has played a significant part in the India growth story. Source: AZB & Partners, 2012.