Exits

Shin Kong Life's portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.

Although India remains dominated by growth equity, the market is seeing greater appetite for buyouts as GPs and institutional investors seek a more hands-on approach.

Though investors seem increasingly drawn to the market's favourable demographic tailwinds, DPI, exit routes and GP selection remain key considerations for potential entrants.

Structural changes including socioeconomic tailwinds and rising exit values are proving more consequential for private equity appetites than China’s slowdown.

While the urgent care provider wasn't for sale per se, Warburg knew it would attract the right buyer, Thomas “TJ” Carella told PE Hub.

'Under LLCP’s ownership, we helped Monte Nido open 22 de novo facilities and acquire 10 facilities, bringing its current total to 45 facilities in 15 states,' said Matt Rich.

'We were already looking for online marketplaces and had forged a conviction around the space and its strong pillars,' said Eurazeo’s Vivianne Akriche.

“We wanted to get through 2021 to have a full year of non-covid impacted performance before exiting,” said LLCP’s Schwartz.

The bank is reducing the stress capital intensity of its businesses by selling balance sheet private equity investments, chief executive David Solomon said on the firm's earnings call.