View our interactive presentation to explore China private equity – hover over for the option to view in full screen mode.
It’s all about buyouts and venture capital. Investments made by China-focused private equity and venture capital firms reached $86.9 billion last year, significantly higher than the $67.3 billion in 2016, according to Bain & Company.
“As the economy matures and focuses overall on efficiency improvement rather than growth, buyouts will become more dominant,” said Yichen Zhang, founder of CITIC Capital, which won firm of the year in China in the latest Private Equity International Awards.
The market is too large and deep for private equity to ignore and China-focused managers, who have stuck around since the early 2000s and seen the ebbs and flows of the market are surely reaping the benefits. Between 2011 and 2017, IRRs produced by China private equity (10.03 percent), compare well with the US (9.51 percent) and Europe (12.89 percent), according to eFront.
Powerful new investors have also emerged, with tech giants Baidu, Alibaba and Tencent, on an acquisition spree – from artificial intelligence, to logistics and transport – across the region.
But is the market already too crowded?
In this presentation, we dig deeper into China’s buyout market, pan-Asia versus China fundraising and the repercussions of US President Donald Trump’s America First policy.
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