Data & Intelligence
Emerging Asia Data Insight (Q1 2017)
Posted On: 07 Jun 2017
Fund managers raised US$8.6 billion for Emerging Asia in Q1 2017, its highest first-quarter total since 2011. The US$5.8 billion first close for KKR Asian Fund III accounted for 67% of capital raised and was the first US$1 billion-plus pan-Asia fund to hold a close since Q1 2016. In fact, Asia is likely to see a surge of large regional funds in 2017; several pan-Asia funds targeting at least US$1 billion are still fundraising, including TPG Asia Fund VII and Carlyle Asia Growth Partners V. While the majority of capital was concentrated in one fund in Q1 2017, 33 funds held closes across six different strategies, demonstrating the breadth of choices already available to investors in region. Coinciding with strong fundraising, total capital invested reached US$6.2 billion, a year-on-year increase of 34%. Notable investments included growth investments by separate consortiums in China-based on demand platform Koubei and video streaming site iQiyi of US$1.1 billion and US$790 million, respectively. Venture capital (VC) investment also increased to US$2.1 billion, a six-quarter high, due in large part to a handful of late-stage VC investments with disclosed deals values of US$100 million or more.
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Rashad Kaldany | Executive Vice-President and Growth Markets, CDPQ
David Rubenstein | Co-Founder and Managing Director, The Carlyle Group