Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.
PE firms are investing in businesses plugging the gaps caused by a declining and ageing population, such as those providing staffing, health and elderly care services.
Though China remains the biggest PE market in APAC, other countries are getting a bigger share of dealmaking as investors look to diversify geographically, according to Bain & Co’s Asia-Pacific Private Equity Report 2023.
The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.
Last year saw a fall-off in deal activity; whether this persists in 2023 will be determined by how macro forces stabilise, says Bain & Co’s global PE chief.
The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, Asia co-head Mingchen Xia tells PEI.