Punching above weight in China
Shanghai-based Ocean Link closed its second USD-denominated private equity fund at $580m in January, co-founder and partner Tony Jiang tells PEI.
Make hay
The number of sponsor-led secondaries coming to market this year is expected to be bolstered by fundraising delays, rising demand in China for US dollar commitments and a backlog of transactions.
Due diligence
The majority of PE investment professionals have moved transactions through the pipeline during the pandemic, research from proSapient show.
Sale of assets
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.
Asia New Year
Vietnam, continuation funds and Chinese IPOs will be on the menu for Asian private equity this year.
New EU rules on ESG, corporate carve-outs and higher taxes driving dealflow could dominate the European private equity scene this year.
GP stakes
Investcorp’s team focuses on mid-market GPs, which it believes presents a more robust opportunity than the larger side of the market.
car keys, rev, revving engine, US economy
More SPACs, a return of big deals, a greater focus on the homeland and government policies to fuel economic growth are key themes to watch for this year.
Almost two-thirds of investors said they expect capital calls to exceed distributions in 2021, according to a survey by Montana Capital Partners.
Financial stock market
For GPs, teaming up with strategic buyers and tapping assets on smaller listed indices could lead to an increase in public-to-private deals over the next year, say industry practitioners.

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